SocialFinance Raises $77.2M to Lower Cost of College Education

SOCIAL FINANCE: A whopping $77.2 million to SF-based Social Finance ("SoFi") in Series B round led by Baseline Ventures, with DCM and Renren Inc. participating. The company offers a lending program, now available in 78 colleges, to connect students with alumni who are willing to student loans at a reduced rate. More info from VentureBeat and press release.

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