Brooklyn startup Edquity accepted into Wells Fargo fintech accelerator - Brooklyn


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.

Tyler Woods

Tyler Woods is the lead reporter for 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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