Our startup aimed at college students is basically shot in the head by this :). Yesterday we even talked about how we could pivot and every one of those options is dead in the water. It's back to the (nearly blank) drawing board.
what are you guys up to? I am doing something in this space but I think there are still tons of ways to create value.
Check out http://thescholarapp.com. Feel free to email me at jaisen@jmathai.com if you want to chat.