New social networking sites are becoming a hit for students and professionals alike. College students and parents especially are struggling so hard to pay for college nowadays . Never worry, there are now places that offer student loans that can be solicited via social networking such as GreenNote (established June 2008) and Virgin Money .
Green Note lets you borrow from someone you know such as friends, relatives and strangers. It now has more than 100,00 growing number of student members. While Virgin Money, from the Virgin group of companies lets lenders and borrowers set their own interest rate, and takes $199 plus $9 per payment for it's student loans.