Financial Aid & Student Loan Debt image

Financial Aid & Student Loan Debt

Helping students get funding and scholarships and work to reduce or manage their student loan debt

Education Subcategories

What is financial aid and what is student loan debt?

Financial aid is money provided to students and families to pay for educational expenses. This includes grants, scholarships, work-study, and loans. Financial aid can help cover costs associated with tuition, books, living expenses, and other educational-related costs.

Student loan debt is a type of debt incurred by students when they borrow money to pay for their post-secondary education, typically in the form of loans. It is a problem because it can be difficult to pay back, especially for students who are unable to find a well-paying job after graduating. The interest rates are often high and loan payments can be a significant financial burden for many graduates.

Because loan providers sometimes have predatory tactics and loans can be a significant financial burden, Tech Jobs for Good generally does not approve loan providers as 'for good’ organizations unless they can substantially demonstrate how they create a positive impact.

How is technology being used to improve financial aid and lower student loan debt?

Online applications and services are making it easier for students to discover, apply for, and access financial aid. Technology is also being used to create specialized tools to help students calculate their cost of college and understand the true cost of their loans. There are also companies and organizations leveraging technology to offer income-driven repayment plans and advocate for loan forgiveness programs.

Financial Aid & Student Loan Debt Organizations

QuestBridge Logo

QuestBridge is a powerful platform that connects the nation's brightest students from low-income backgrounds with leading institutions of higher education and further opportunities. We are an aggregator of excellence. By facilitating these exchanges, QuestBridge aims to increase the percentage of talented low-income students attending the nation's best universities and the ranks of national leadership itself.
Poverty Alleviation & Economic Development
Palo Alto, CA, USA
Moneythink Logo

Less Debt. More Degrees. Moneythink’s work increases college graduation rates and reduces student loan debt. Since 2008, Moneythink has worked towards student-focused financial wellness and equity by empowering college bound students, particularly institutionally underserved students, to achieve success. Moneythink supports financial decision-making through transparency and technology.
Poverty Alleviation & Economic Development
San Francisco, CA, USA
San Francisco, CA, USA
Climb Credit Logo
Climb Credit

Climb Credit believes education is an investment and should be treated that way.
Poverty Alleviation & Economic Development
New York, NY, USA
Candidly Logo

Candidly is an AI-driven student debt and savings optimization platform that addresses the full lifecycle of education expenses and empowers people to make simultaneous progress on paying down student debt and building wealth.
Poverty Alleviation & Economic Development
Partners & Advocates
New York, NY, USA

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Oportun (Nasdaq: OPRT) is a digital banking platform that puts its 1.9 million members' financial goals within reach. With intelligent borrowing, savings, budgeting, and spending cap…

Posted 3 weeks ago
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