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