Brooklyn startup Edquity accepted into Wells Fargo fintech accelerator - Technical.ly Brooklyn

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Nov. 6, 2017 12:25 pm

Brooklyn startup Edquity accepted into Wells Fargo fintech accelerator

The startup helps high school students deal with one of the most overlooked decisions about college: debt.

Costly Columbia.

(Photo by Flickr user Mike Steele, used under a Creative Commons license)

Brooklyn startup Edquity announced it has been accepted into Wells Fargo’s fintech accelerator in San Francisco.

The startup looks to be a bit like the Princeton Review or U.S. News and World Report for the financial part of the college process, offering students statistics and a financial plan for navigating the debt they must take on for matriculation.

Student debt has doubled in the last decade to more than $1.3 trillion. At more than 1,000 universities and trade schools, more than half of students are in default of their student debt or haven’t paid even $1 dollar against their debt in the last seven years. Clearly, it’s a problem the nation’s students are struggling with.

Other Brooklyn startups, like 1776‘s Simplifi, are also working on the seemingly intractable problem.

Edquity is currently in beta mode.

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Tyler Woods

Tyler Woods is the lead reporter for Technical.ly Brooklyn. He has previously worked in television and as a small town print reporter. He’ll answer if you email him.

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