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

NYC Kids RISE Logo
NYC Kids RISE

The NYC Kids RISE Save for College Program is a universal, community-driven wealth-building platform that expands access to mainstream financial products, puts real financial assets in the hands of families and communities, provides financial education for families and students, and brings schools and neighborhoods together to support all of their children’s futures. NYC Kids RISE is about to start its fifth year of operations in the geographic area of School District 30 in Queens - one of the most diverse school districts in the country - more than 13,000 students (~95% of all First, Second, Third and Fourth Graders) have a NYC Scholarship Account with more than $6M accumulated to date. Based on the success of the pilot, the City recently announced that the Program will be expanding citywide in the Fall 2021.
Poverty Alleviation & Economic Development
Education
New York, NY, USA
New York, NY, USA
QuestBridge Logo
QuestBridge

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
Education
Palo Alto, CA, USA
Moneythink Logo
Moneythink

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
Education
San Francisco, CA, USA
San Francisco, CA, USA
Edquity Logo
Edquity

Our platform provides an end-to-end cash administration solution to help governments and institutions prioritize incoming applications, verify and process applicants, pay people quickly, and track outcomes over time.
Education
Poverty Alleviation & Economic Development
Remote, OR, USA
Remote, OR, USA
New York, NY, USA

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