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Friday, March 29, 2024
HomeBankingPillar: Offers Gifting Platform For Student Loan Payments

Pillar: Offers Gifting Platform For Student Loan Payments

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Pillar: Offers Gifting Platform For Student Loan Payments

  • Student loan personal finance platform Pillar has launched a gift initiative for the holidays called Boost
  • Boost will allow for friends and family to gift payments to help someone paying off student loan debt
  • The payments will be automatically applied toward a person’s balance
  • Student loans are the second largest type of consumer debt in the country
  • Then the average amount is $30,000, which takes about 15 to 20 years to pay off
  • The promotion also will run from Dec. 17 through Jan. 6, and Pillar will even surprise some users with extra payments toward their student loans

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