This LA Startup Just Raised $7M To Make Student Loans a Benefit and not a Burden

The amount of outstanding student loans in this country numbers a staggering $1.4T (Trillion with a T). This has the potential to be a very large problem. At the same time, competition amongst employers for top talent is fierce. Employers need ways to differentiate themselves; especially when targeting potential millenial employees. Tuition.io, has shrewdly devised a platform to bridge these two items. Its SaaS platform for employers provides student loan repayment as a job benefit. Employers on the platform such as Live Nation, Staples and Fidelity are able to create customized benefits to pay down an employees loans that can be tailored by term, seniority, amount, milestones, business unit, etc.

LA TechWatch chatted with CEO Scott Thompson about the company and its latest round of funding.

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