Michael Lewis got fed up seeing his peers struggle with student debt—so he decided to do something about it.
Lewis, an 18-year-old from Louisville, and a small team of his fellow students at the University of Kentucky are preparing to launch a start-up that takes direct aim the nationwide issue of student debt.
The start-up, called FinanceU,will give prospective college students a platform to fund their own education through crowdsourcing.
“FinanceU (will be) available to any student who seeks to or is already trying affording higher education,” he said.
To use, FinanceU students will have to create an online profile, complete with hobbies, skills and interests. Then, the start-up will employ a three-tier crowdsourcing model.