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.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!