Peer-To-Peer Lending As An Alternative To Student Loans

In recent months, peer-to-peer lending sites (BusinessWeek, 4/23/08) such as Prosper and Virgin Money USA have introduced student loans or started marketing existing offerings to families looking for college funds. The general idea is to facilitate loans between students, on the one hand, and either Good Samaritan friends and relatives, or strangers intent on investing. Others—Prosper among them—allow borrowers to publicize the amounts they wish to raise and the interest rates they're willing to pay. Read more at:
http://www.businessweek.com/investor/content/may2008/pi20080513_886889.htm?chan=top+news_top+news+index_news+%2B+analysis