Piggy-backing on the recent launch (and massive funding) of SoFi, a new startup is launching today that wants to breathe some fresh air into the broken, complex and mollasses-slow student loan system. New York City-based CommonBond aims to bring the power of crowdsourcing to bear on student debt by connecting student borrowers and alumni investors and offering loans at a lower fixed rate than what they'd find with Uncle Sam. And, to help kick-start this initiative, the startup is announcing today that it has raised $3.5 million in outside funding.Source: http://feedproxy.google.com/~r/Techcrunch/~3/jbKt_C0CBKk/
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