MyRichUncle, was a student lending brand of MRU Holdings, Inc. It had many web 2.0 characteristics with regards to design and functionality and all processes are handled online.
The company had more than $350 Million in loans. Unlike other student loan companies, MyRichUncle had a variety of innovative products such as the PrePrime student loan product where a student can get a loan with a co-signor and the FAFSA Assistant, which simplified the Financial Aid form process.
On February 9, 2009, MRU Holdings filed for Chapter 7 bankruptcy and suspended all its operations.
People
John Derham (Chief Marketing Officer)
Jonathan Coblentz (Chief Financial Officer and Treasurer)
Jonathan Strong (Chief Technology Officer)
Raza Khan (Co-Founder and Co-President)
Vishal Garg (Co-Founder and Co-President)
Competitors
Fynanz:
Fynanz Inc. was founded in 2007 by a team of proven student loan industry veterans with… See Company Profile »
CapAlly:
Soaring tuition costs and lower government support for higher education have created new opportunities for student… See Company Profile »
TuitionU:
TuitionU.com is an education finance network with a simple purpose: to provide students and their families… See Company Profile »
News
Startup Spotlight: People Capital brings peer-to-peer lending to student loans
July 15, 2009 8:07 pm
Editor’s note: VentureBeat has started a new series called “Startup Spotlight.” Every week, we’ll sift through the scores of companies… Continue reading ⟩