Innovative Student Loan Solutions

Innovative Student Loan Solutions (ISLS) is a disruptive technology firm striving to alleviate the financial burden faced by employees in non-profit organizations with federal student loan debt. ISLS employs personalized strategies to diminish up to 65% of student loan debt, resulting in average savings of $49,000, and substantially lowering monthly payments by as much as 88%. The company's revenue model revolves around charging fees for the development, implementation, and maintenance of these customized plans. The exponential surge in post-secondary education costs has propelled student loans into the mainstream, culminating in a substantial upsurge in borrowing between 2004 and 2008. However, changes in the Federal student loan program have made repayment increasingly arduous by eliminating many interest rate discounts and principal reduction opportunities. In a bid to address the escalating student loan debt crisis, the College Cost Reduction and Access Act of 2007 (CCRA) was passed. One of its pivotal components is the Public Service Loan Forgiveness (PSLF) Program, which absolves the Federal student loan balances of eligible borrowers. Despite the availability of such programs, ISLS has identified a significant number of eligible borrowers failing to leverage these opportunities. Their dedication lies in crafting and executing tailored strategies to optimize the Public Service Loan Forgiveness Program. Their overarching mission is to render higher education and advanced degrees more affordable, diminish overall student loan indebtedness, and streamline the often complex government processes for their clients. Founded in 2011, ISLS operates within the realms of Finance, Financial Services, and Fintech. The company secured an Equity Crowdfunding investment on February 18, 2013.