[1] In 2018, LendEDU encountered controversy when it was revealed to be the undisclosed owner of "Student Loan Report", and its CEO was accused of "deceiving news organizations with a fake source".

[2] Nate Matherson and Matt Lenhard, University of Delaware students, attended the Iowa Startup Accelerator in summer 2014 with the idea for an online tutor-booking platform they called ShopTutors.

As of November 2020, LendEDU continues to operate out of Hoboken, New Jersey and the basic functionality of the site has remain largely unchanged since the company's inception.

"[10] LendEDU's philanthropic efforts include work with One Tree Planted, a reforestation program that plants trees around the world in collaboration with partnering companies;[11] the LendEDU Scholarship, which offers $1,000 scholarships to two students at the high school or college level two times per year;[12][13][14][15] and donations to local charities in New Jersey like The Hoboken Shelter, Advance the Cure for MS, and the Community FoodBank of New Jersey.

A 2018 report, quoted by outlets including Fox News, CNBC, and Inside Higher Ed, stated one in five had invested student loan money in digital currency.

According to a subsequent investigation by the Chronicle of Higher Education, the Web site's ostensible founder, "Drew Cloud", despite having "corresponded at length with many journalists" to provide stories, turned out to be fictitious.