Student Loan Comparison Engine EduLender Raises $1 Million

Posted Mar 13, 2011

EduLender is a Chicago based startup comparison search engine company intended to find student loans. EduLender has raised $1 million in seed funding from Hyde Park Angels, Kapor Capital, New World Ventures, Sandbox Ventures, Excelerate, and OKCupid co-founder Sam Yagan.

EduLender spun out of Chicago based startup incubator Excelerate Labs. EduLender provides online tools and services for college students looking for financial aid. All you have to do is enter your name, location, and financial information to find out all the lenders that may serve you.

EduLender currently tracks about 250 lenders and they plan on launching EduLender OnePay soon. OnePay will be a guide for students who want to consolidate existing federal student loans.