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123greetingsimages · 5 years ago

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Scholarships for students with deceased Parents

If you've lost a parent, then that's hard enough for a young man to cope with -- but that which can make this even tougher is the fiscal issues that often follow. Even if your deceased parent abandon life insurance agreements, it can be inadequate to supplement the missing income and finance your way through school -- particularly if there are plenty of children to attempt to get through college. We analyze some grants and scholarships for students with deceased parents.

Scholarships for students who have lost a parents opportunities

#1 Iraq and Afghanistan Service Grants

Students who dropped a parent because of injuries while in the Armed Forces anytime after September 11, 2001 from the conflicts in either Iraq or Afghanistan could qualify for this grant. You must be ineligible for a Pell Grant because of revenue but meet Pell Grant standards. Further qualifications are that you have to be younger than 24 and enrolled in school as soon as your parent died. Grant numbers equal the maximum Pell Grant for this year.

Students with a parent that is permanently disabled or that expired on active duty or by a service-related condition can get up to 45 months of education benefits from the VA.. This totals around $1,003 per month that you are enrolled full-time within an educational institution. These advantages may also be used for certain job training and certification programs.

This fund helps students that lost a parent or have a parent permanently disabled because of the terrorist attacks of 9/11. The total quantity of the award varies dependent on the earnings of your surviving parent and other factors. This calculation tallies the parent participation. This is then deducted from your school expenses and any other scholarships for students with deceased parents and grants you have earned. A proportion of the whole financial need can be granted. For 2014-2015, this really is 58%, which can be a considerable award.

This scholarships for students with deceased parents program helps students who've lost a parent into a on-the-job injury or with a parent permanently disabled due to a workplace accident. 24 states have Kid's Chance institutions offering scholarships for students with deceased parents of various figures.

#2 Scholarships for students who have lost a parents to Cancer

There's an extensive selection of scholarships for students who have lost a parents to cancer or have a parent currently battling cancer. This website lists quite a few but you may also want to Google to the specific kind of cancer your parent had and the term"scholarship," because most special interest groups host scholarships dependent on the specific kind of cancer.

Life Happens is a nonprofit company sponsored by life insurance companies that provides $175,000 in scholarships for students with deceased parents each year to students who have lost a parent. Funds could be used to pay costs of a school, university or trade school for pupils aged 18-24. You need to share in video or essay form the way the decrease in your parent has affected your life and talk about how life insurance policy planning could have helped your own financial circumstances.

Virtually every nation offers programs for students who lost a parent who served in the Armed Forces, police or firefighters. A number of these programs are quite generous and will waive tuition at schools and schools. Check with your school financial aid officer, higher school guidance counselor and make certain to Google your nation name and keywords such as"survivor" or"dead parent"

Ordinarily, these Deceased parent scholarship may overlap and you may qualify for more than 1 program, which can help reduce your out-of-pocket expenses and your need to take out student loans. You might also have the ability to pursue additional scholarships for students with deceased parents and grant opportunities reserved for unmarried parents if your surviving parent has not remarried.

Since lower income students -- a course which those that have lost a parent often fall into -- are often hardest hit by student loans, so it's wise to use as numerous scholarships for students with deceased parents opportunities as possible. Also be sure to check out this current blog about how your social media activities can impact your scholarship opportunities

Should you have to borrow for college, be sure that you sign up for Tuition.io's complimentary student loan application to keep track of your debt from your very first loan on the day you repay them. Also check out our Student Loan Help Center to educate yourself on student loans so you can avoid financial missteps with debt.

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hackzhub-blog · 5 years ago

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New Post has been published on https://www.hackzhub.com/6-effective-strategies-companies-use-to-help-employees-tackle-their-student-debt/

6 Effective Strategies Companies Use to Help Employees Tackle their Student Debt

Most people graduate from college with high expectations and a great plan for the future until the reality of their student loan debt hits. The search for a job becomes less about career satisfaction and more about the money. Dreams come to a pause as the focus shifts to clearing the debt.

This scenario does not just apply to a few cases. Statistics show that forty-five million Americans carry the $1.56 trillion student loan debt in the country, and these numbers continue to rise.

Student loan debt does not just affect the graduates, but it affects the economy as well. High levels of debt discourage people from investing, venturing into entrepreneurship, owning homes, and saving. With most money going towards debt repayment, graduates hardly manage to have any assets.

Companies have, in recent times, begun contributing towards the end of this crisis. They are introducing employee benefits aimed at assisting workers to pay off their student loan debt. They achieve this with the help of companies such as Gradifi and Tuition.io that specialize in helping companies enact their student loan repayment benefits.

Although the employees benefit most from these loan repayment assistance programs, the employers gain as well.

Why Companies Offer Loan Repayment Assistance

Let’s look at three reasons why companies are willing to spend money on employees’ loan repayments.

1) It offers a competitive advantage

Millennials take the largest percentage of the workforce and yet are heavily affected by student loan debt. For this reason, most people in this generation will be keen on checking the capability of a job’s remuneration package in making debt repayment easier and faster, before accepting a job offer.

Companies that offer student loan repayment assistance are thus more attractive to job seekers enabling the companies to hire the best skills in their respective field.

2) It boosts productivity

Employees who are under financial strain due to their student loan are less productive in the workplace. They are almost always stressed out by their inability to save for retirement or buy a home.

Companies that offer peace of mind through loan repayment programs or easy installment loan like this website, therefore, do not just work with the best in the field, but they motivate them to deliver to their fullest potential.

3) Prevents high turnover

An employee will always look for the employer who benefits them the most, and with the high level of debt in most households, assistance with student debt repayment is a juicy deal.

Employers who offer this benefit experience less labor turnover and hence use less money on recruitment. Eighty-six percent of employees are likely to stay with an employer for five years if they helped with their student loan.

The quality of the labor force a business has plays a vital role in its overall performance. Companies are, therefore introducing student loan repayment benefits in unique ways.

Here is a look at six strategies employers are using.

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READ ALSO: 10 Areas That Project Management Students Must Concentrate On

Student Loan Refinancing

Most people choose to refinance their student’s loan, which enables them to save some money and reduce their monthly payments. Refinancing only offers benefits when the new loan is at a lower interest rate than your student loan.

Credit Suisse decided to help its employees with their student loans after realizing that it affected their participation in the retirement program. Being a financial services company, it makes sense for the company to guide their employees towards achieving financial freedom.

It has come to an agreement with Social Finance Inc., which is an online lender, to offer an additional 0.25% interest rate reduction on top of their already reduced rates, to the bank’s employees who choose to use Social Finance Inc. to refinance their student loans.

Unused Vacation day’s Wages Tradeoff

If you have had student debt, you understand how stressful it is, and any extra money that goes towards it makes a huge difference.

Unum allows its employees to forego up to five of their 28 paid vacation days in exchange for cash that goes to paying off their student debt. The insurance company uses the employee’s hourly rate to calculate the worth of each vacation day worked.

Research by the Tennessee-based company on their US employees revealed that approximately 30% are burdened by student loan that either they, themselves carry or their children.

By giving them a practical solution to increase their contribution towards the loan repayment, the employees become more productive

Matching Loan Program

The high level of student loan debt is not just keeping college graduates from saving for retirement, making investments, and buying homes. It is also discouraging people from pursuing other degrees, which can make them more productive in their careers.

Besides increasing its minimum base hourly wage for its workers, Aetna, a health care company, has developed a program that helps its employees tackle their student loan debt with ease. They match their full-time and part-time employees�� annual student loan repayment up to $2000 and $1,000 respectively, with a lifetime maximum of $10,000 and $5,000 respectively.

The program applies to anyone who has earned a graduate or undergraduate degree from an accredited university within three years of applying for the matching loan payment program.

Aetna also reimburses its full time and part-time employees 80% of the approved expenses incurred when pursuing job-related courses.

401(k) Benefits

One of the main problems graduates with student loan debt face is the inability to save for retirement. Crippled by the debt, most people forego contributing to their retirement fund and instead channel the money to the student loan.

Companies such as Abbott Laboratories have come up with an exciting solution. For all part-time and full-time employees eligible for the 401(k), Abbott deposits an amount equivalent to a five percent match to their 401(k) account in a program known as Freedom 2 Save.

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READ ALSO: 5 of the Best Ways to Improve Education System

It is done under the condition that the employee pays two percent of their salary towards their student loan through a direct payroll deduction. The employees receive the 401(k) match without making any contribution.

The program enables Abbott’s employees to concentrate on clearing their debt while the company takes care of securing their retirement.

Student Loan Pay Down

If you thought that only millennials are affected by the menace that is student loan debt, you are wrong. Seniors are struggling to clear their loans too. Over 2.8 million Americans of sixty years and above carry student debt.

No one desires to retire in debt. And yet while managing only to meet their minimum student loan debt, most people will not just retire in student debt, but die in it as well.

Penguin Random House offers a student loan assistance benefit to their employees that makes it possible to clear the debt faster. The company, through Gradifi, directly pays up to $1,200 of their employees’ student loan annually, to a maximum of $9,000. The employee has to have worked in the company for one year to be eligible for the benefit.

The amount of $100 paid monthly covers the employee’s principal reducing their repayment period.

Use of Company Stock

Considering that employers benefit from the education their employees possess which they acquired using student’s loans, it is only fair that they offer a hand in clearing these loans. It is with this understanding that Chegg, an American education technology company, is helping its employee’s clear their debts.

In addition to a $1,000 annual cash payment that employees with student loan receive, the company is offering stock to help with the payment of their student debt. For employees who have been with the company for at least two years, those in entry and managerial level qualify for up to $5,000 annually in company stock while those in senior levels receive $3,000 annually.

Chegg sells the stock on behalf of the employee’s and the proceeds after the tax goes to Tuition.io, which takes care of remitting the amount to the respective source.

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READ ALSO: Where you can get a quick cash loan without a job in the Philippines?

In Conclusion

The burden of student loan debt does not just affect the graduate involved, but employers as well. When stress and distractions compromise the productivity of the employees, the profitability of the company is affected as well.

Companies have opened their eyes to this ripple effect and are taking measures to curb it. They are taking steps to help reduce the student loan burden through direct cash payments, reimbursements, and juicy incentives such as retirement benefits.

Although only 4% of employers are currently offering student loan repayment assistance, other companies are catching on.

With the existence of these unique programs and more expected to emerge, the future is bright, and student loan debt may cease to be a nightmare for many graduates and a threat to the economy.

#Debt #Education Loan #Student Debt #Study Loan

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fastborrowinloan · 6 years ago

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5 Ways To Quickly Pay Off Student Loan Debt - Tuition.io - Top 5 Tips For Paying Off Student Loans FAST #mortgageloan http://bit.ly/2w81leK

#IFTTT #How much can i borrow in Loan

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un-enfant-immature · 6 years ago

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Goodly replaces lame office perks with student loan repayment

There are better employee perks than a ping-pong table. 70 percent of Americans graduate college with student loan debt. That’s 45 million people who owe $1.6 trillion. So when employers use Goodly to offer $100 per month in student loan payback for a $6 fee, talent sticks around. The startup found 86 percent of employees said they’d stay with a company for at least five years if their employer helped pay down their student loans. Yet employers break even if workers stay just two extra months, and get a 5X return if they stay an extra year since it costs so much to hire and train replacement staff.

Now, Y Combinator-backed Goodly has raised a $1.3 million seed round led by Norwest. The startup hopes capitalize on corporate America waking up to student loan payback as a benefit, which is expected grow from being offered by 4 percent of companies today to 32 percent by 2021.

Goodly co-founder and CEO Greg Poulin knows the student loan crisis personally. “When I was in school, my father passed away very unexpectedly due to a heart attack. I had to borrow $80,000 to for college at Dartmouth” he tells me. His monthly payment is now $900. The stress that debt creates can poison the rest of life. He says 21 percent of employees with student loan debt have delayed marriage, 28 percent have put off starting a family, and 1 out of 8 divorces is now directly attributed to student loan debt. “I’ve seen first-hand how challenging it is for employees to save for retirement or start a family” when they’re strapped with debt, Poulin says.

He met his co-founder and CTO Hemant Verma when they started working at Zenefits’ founder Parker Conrad’s new employee onboarding startup Rippling in 2017. That tought them how simplifying the benefits sign-up process could become its own business. Typically it requires that benefits be integrated with a company’s financial software like payroll and be set up with proper provisioning access. It’s enough of a chore that companies don’t go to the trouble of offering student loan repayment.

Poulin and Hemant started Goodly to create a “set it and forget it” system that automates everything. They charge $6 per month per participating employee and typically see adoption by 30 percent to 40 percent of employees. Rather than help with their monthly payment that includes interest, Goodly clients pay down their employees’ core debt so they can escape more quickly. Employees get a dashboard where they can track their debt and all of the contributions their company has made. Goodly hasn’t had a single customer churn since launch, demonstrating how badly employers want to keep job-hopping talent in their roles.

“We found that our people put off contributing to their 401Ks and buying a house because of their student loan debt. We thought that offering a Student Loan Repayment Benefit would be a great low-cost and high-impact benefit to attract and retain talent while alleviating some of the stress and the financial burden on our employees.” says Kim Alessi, an HR Generalist.

Goodly’s founders and first employees

The business opportunity here is relatively young but there are a few competitors. Boston-based Gratify was acquired by First Republic, which Santa Monica’s Tuition.io pivoted to offering student loan benefits. But Goodly’s connection to so many potential clients plus its new funding could help it make student loan repayment a ubiquitous perk. Along with Norwest and YC, the funding comes from ACE & Company, Arab Angel, Zeno Ventures, and angel investors including Optimizely’s Pete Koomen, DreamHost’s Josh Jones, ShipStation’s Jason Hodges, Fairy’s Avlok Kohli, and Telly’s Mo Al Adham.

Beyond improving talent retention, Goodly may also help erase some of the systematic discrimination against minorities in our country. Women hold 66 percent of all student loan debt, black and Latinx Americans have 31 percent more student debt than their peers, and LGBTQ borrowers owe $16,000 more than an average member of the population. Convincing employers to address student loan debt could give everyone more freedom of choice when it comes to what they work on and how they live their lives.

#TechCrunch

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aporlaundethima · 8 years ago

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Trumps Move Will Cripple Student Loan Repay’ers by Jason Spencer Student Loan

Jason Spencer

As Jennifer Spencer began a master’s program in vocal performance, she made sure to heed some well-known advice: Stick to federal government student loans.

In completing the two-year program at Longy School of Music of Bard College in Boston in 2009, Minorracked up $60,000 in debt using six different loans, which required her to pay a total of $800 a month for 10 years following her graduation.

Her decision to avoid private companies’ loans turned out to be a smart move. Federal loans come with a variety of benefits — such as the ability to defer payment or adjust monthly bills based on income — that are rarely available with private loans. And having gone through periods of unemployment and part-time jobs, Minor, now a mother of two, has used the benefits to lower her monthly payments to $500.

Her loans — and those of millions of other students — could be in for a big shakeup in the coming months as President Trump and the Republican-controlled Congress set out to remake the complex business, potentially eliminating benefits and protections that borrowers like Minor depend on.

Lobbyists for private lenders and loan servicing companies are emboldened by the Trump administration, which reflexively disdains regulations and favors market-based solutions. Alarmed by Trump’s agenda, consumer advocates and student groups also are gearing up to fight any efforts to change the government’s role and student debtors’ rights.

Some changes by the Trump administration are already unfolding. The Education Department plans to consolidate the number of federal loan servicing companies from nine to one. Administration officials also have discussed moving the federal loan program from the Education Department to the Treasury Department. Meanwhile, the Trump administration announced plans to roll back two federal regulations aimed at helping borrowers who say they were misled by for-profit colleges.

With other legislative agendas, such as health care, keeping the White House busy for the moment, many of the proposed changes in students loans likely will not be enacted until next year, if ever. But the industry anticipates the role of the private sector — which now accounts for only about 10% of the student loan volume — will increase as Trump asserts his agenda, said Jason Spencer, CEO of Student Loan Relief Comparison, a loan-rate shopping site.

Expanding the private sector’s involvement could trigger a host of unintended consequences, including curbing access and affordability for borrowers with low credit scores, said Kevin Fudge, director of consumer advocacy and ombudsman for the American Student Assistance, a student advocacy group. “My only hesitation is … when you introduce private sector (companies), where do (their) incentives lie?” he said.

About 44 million people in the U.S. hold $1.34 trillion in student loan debt, according to the New York Fed Consumer Credit Panel/Equifax. That’s more than all credit card or car loan debt held by American consumers, a surge that has alarmed economists and left a generation of graduates entering the working world with a heavy financial burden. A graduate of the class of 2016 has, on average, $37,173 in student loan debt, an increase of 6% ifrom 2015, according to data by Mark Kantrowitz, a financial aid expert and publisher of Cappex.com. In 2005-2006, the average was $20,790.

“I don’t feel like your view of reality is really accurate in grad school,” Minor said. “I don’t regret having my degree. But you’re 22. You don’t know anything. I signed up. I’m like ‘yeah, loans, great!’ And I didn’t really know much about loans until I had them and tried to pay them back.”

Here are student loan changes under discussion in Washington, D.C.:

Revising loan forgiveness

Proposal: On the campaign trail, Trump proposed revising the federal loan forgiveness program by having borrowers pay higher monthly payments but getting their debts forgiven sooner. Most federal student loans currently offer several income-based repayment options to borrowers who have modest income. Under these options, borrowers can cap their monthly payments at 10%, 15% or 20% of their income for up to 20 or 25 years. Their loans are forgiven after the designated period if they’ve continued to pay monthly.

Trump says he’d consider allowing borrowers to contribute 12.5% and have their debts forgiven after 15 years. He has yet to release details on what he would do with the current options.

Outlook: It’s not likely given the current make-up of Congress, said Jason Delisle, a resident fellow at the American Enterprise Institute who analyzes student loans. While the proposal would be welcome by students, it would be seen as fiscally irresponsible, he said.

Simply adding Trump’s proposal to the current lineup of forgiveness options also would merely add to confusion, said Allesandra Lanza, director of public relations for the American Student Assistance. “We need to simplify the repayment plans,” she said.

Refinancing loans

Proposal: Sen. Dick Durbin, D-Ill., and Sen. Elizabeth Warren, D-Mass., have proposed allowing student loan debtors to refinance with federal loans.

Debtors looking to refinance with a lower interest rate can now turn only to the private market since the federal government doesn’t issue refinancing. As a result, federal loan borrowers who refinance lose some of their protection benefits, such as the ability to defer payments and income-based repayment options.

“Millions of borrowers are still stuck paying interest rates at 6%, 8%, 10% and even higher,” Warren said as she introduced her plan in 2015.

Outlook: Republican lawmakers will likely oppose the plan because it could potentially widen the federal government’s role in student loans, said Dash of Credible.com.

Critics say Warren’s plan is nothing more than the federal government doling out lower interest rates without regard to market conditions or students’ credit profiles.

Employer contribution

Proposal: Several bills have been introduced in recent months to offer incentives to employers to help pay for their workers’ student loans.

Some companies, including insurance company Aetna, consulting firm PwC, and investment manager Fidelity, already offer student-loan payment subsidies as an employee benefit. But current proposals would offer tax benefits to both employers and employees to spur more companies to follow suit.

Outlook: The idea has supporters from student advocates and Republicans. A bipartisan group of 31 lawmakers introduced a bill in March to allow employers to deduct their contributions to employees’ student loan payments – similar to 401(k) contributions. Employees would receive a tax-exempt benefit of up to $5,250 per year to pay their student loan debt.

“Adding tax relief to the equation could elevate student loan assistance alongside 401(k) contribution as one of the most valuable financial benefits a company can offer its workers,” said Scott Thompson, CEO of Tuition.io, whose technology enables companies to set up the benefit.

Eliminating PLUS loans

Proposal: Some Republican lawmakers are seeking to eliminate the federal government’s PLUS loans, arguing that the Education Department shouldn’t be in the business of issuing loans.

PLUS loans — which once stood for “Parent Loan for Undergraduate Students” — are taken out by graduate students or parents of undergrad students to pay for expenses not covered by financial aid. Critics say students often spend PLUS loan proceeds frivolously.

Another bill introduced in May proposes to discharge parents’ liability on PLUS loans if their children becomes permanently and totally disabled or has severe physical or mental impairment.

Outlook: It’d be difficult to entirely eliminate the PLUS loan programs since students and parents heavily rely on them to supplement financial aid, analysts say.

About 4.6 million borrowers owe $130 billion in PLUS loans, according to data from the Education Department. But there’s little evidence that parents and students waste loan funds on spring break trips or other non-education expenses, John Brooks, a law professor at Georgetown University, said.

“Families don’t take loans out for fun,” he said. “I don’t’ see how anyone benefits from pushing people out of federal loans to the private market.”

Republicans may have an easier time arguing for the elimination of PLUS loans for graduate students, said Delisle of the American Enterprise Institute. Grad students also are perceived to be more responsible borrowers who can better wade through the complexities of private lenders’ terms than undergraduates.

Besides, the private market’s penchant for pricing-in risk can ultimately help students, Delisle said. If the private market gives you a 16% loan, “the market is telling you ‘don’t go’ and that it’s not a good program for you,” he said.

Jason Spencer Student Loan

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livioacerbo · 7 years ago

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With new funding, Tuition.io moves from student loan management to student loan repayments

Back in 2014, Tuition.io was pitching itself as a management platform for student loan repayments. Now, three years later the company has raised $7 million in new financing as it moves from loan management services to actual repayment of student loans. It’s a business model that’s already shown promise, with companies like FutureFuel.io also looking … Continue reading “With new funding,…

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#blog #greengroundit #livio acerbo

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viz-release-blog · 5 years ago

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Tuition.io, The Mint.com Of Student Loans, Now Manages Over $60M In Debt Across Its Platform

New Post has been published on https://vizrelease.com/press-release/1259246/

Tuition.io, The Mint.com Of Student Loans, Now Manages Over $60M In Debt Across Its Platform

So, if anything, Tuition.io is right on time if not already late. The founder himself, Brendon McQueen, graduated from Columbia with 12 student loans and over $120,000 in debt, so he is certainly solving a pain point he understands.

The service works by bringing together all of a student’s loans into a single interface. The user can visualize the debt in various charts and graphs, or see a comprehensive calendar of which loan payments are due during different parts of the month. Tuition.io even does all the math concerning the best way to payoff debt based on your own unique budget and lifestyle. Users can then reduce monthly payments as needed.

The company plans on continuing to build out user-friendly features in the future. For now, however, the service is invite-only.

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peoplecapitalhr · 5 years ago

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Montefiore St. Luke's Cornwall Partners with Tuition.io; Allows Employees to Exchange PTO for Student Loan Repayment

#ICYDK http://dlvr.it/RBKnXs

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cathrynstreich · 5 years ago

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Remarkably Closes $4.1 Million Round Led by Wildcat Venture Partners

Congrats to the entire team at Remarkably (Geek Estate Mastermind member). They’ve continued building momentum and traction, and closed on a $4.1 million seed round to continue to improve leasing, revenue, and asset value with portfolio performance software. As GeekWire reports, “In less than one quarter, Remarkably expanded to 14 markets with clients across all phases of the asset lifecycle.”

The press release:

Remarkably Secures $4.1 Million Round to Propel Early Stage Growth, Announces Portfolio Analysis Functionality

The Seattle-based company has raised a venture round led by Wildcat Venture Partners to drive enterprise sales growth, technology integrations, and further development of its disruptive multifamily portfolio performance software

SEATTLE — August 6, 2019 — Remarkably, a multifamily portfolio performance software company focused on helping property owners and managers improve cash flow and asset value, today announced it has secured a fundraising round for up to $4.1 million in seed round financing. Wildcat Venture Partners led the round with participation from existing investors PSL Ventures. The company brings unprecedented portfolio and property marketing campaign insights to the $3+ trillion U.S. multifamily market via the first property and portfolio performance software of its kind.

This month, Remarkably has also launched a new portfolio view and analysis functionality, expanding upon the platform’s property performance focus. Owners and managers will now be able to identify the highest and lowest performing properties, campaigns, and acquisition funnel stages, and more importantly, determine how to fix them to meet and exceed performance goals.

“It has been a tremendous six months since our company’s launch with nationwide adoption by the top owners, managers and thought leaders,” said co-founder and Chief Executive Officer, Erina Malarkey. “With this funding we will rapidly expand our sales and marketing efforts, broaden our product team to further enhance platform functionality, and continue developing the first-ever cross-platform, cross-owner, cross-manager portfolio performance software of its kind.”

“The traction and market response that Remarkably has generated in just six months is tremendous,” said Bryan Stolle, Founding Partner of Wildcat Venture Partners. “Their success to date is driven by over a decade in the industry and a deep understanding of the wants and needs of property owners and managers. Our investment will help the company move on its path to becoming the dominant player in the space.”

“Remarkably aims to shift the paradigm and drive a transformation in the role that marketing plays in the multifamily space,” said VTS Co-founder and Remarkably investor Brandon Weber. “I’ve seen this movie before; a similar inspiration around commercial leasing led us to start Hightower & VTS. As is the case with leasing, in five years we’ll look back and wonder how we marketed without modern tools. This is a global opportunity to create a new category of software and services for CRE.”

About Remarkably

Remarkably is a portfolio performance platform for multifamily real estate innovators. We are passionate about helping the nation’s top property owners, investors, developers, and managers reach their leasing, occupancy and revenue goals with portfolio-grade marketing operations and analytics software. Our software enables customers to achieve significant and measurable results at all stages of the real estate lifecycle, from ground-up developments to repositioned and stabilized properties. For more information, visit www.remarkably.io.

About Wildcat Venture Partners

Founded in 2015, Wildcat Venture Partners is a Silicon Valley-based venture capital firm that invests in early stage technology companies. Wildcat invests in B2B and B2B2C startups leveraging key technologies such as Machine Learning/AI, IoT, and Cloud & Mobility in the following markets: Digital Health, EdTech, Enterprise SaaS and FinTech.The Wildcat team brings decades of entrepreneurial experience, venture experience, and deep domain expertise to help early stage companies effectively navigate through the Traction Gap® and go on to scale.

Wildcat’s current investment portfolio includes companies such as: Aceable, Amplero, C3.ai, Carrum Health, Clover Health, GreenFig, LeaseLock, Obo, Remarkably, Ritual, Tuition.io, Vlocity, what3words, and Zebit. For more information, visit wildcat.vc.

About Pioneer Square Labs

Pioneer Square Labs (PSL) is a startup studio and venture capital fund. PSL exists to champion the next generation of founders by bringing together world-class talent, big ideas and investment capital. For more information, visit www.psl.com.

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brettseaton · 5 years ago

Text

Remarkably Closes $4.1 Million Round Led by Wildcat Venture Partners

The press release:

Remarkably Secures $4.1 Million Round to Propel Early Stage Growth, Announces Portfolio Analysis Functionality

About Remarkably

About Wildcat Venture Partners

About Pioneer Square Labs

The post Remarkably Closes $4.1 Million Round Led by Wildcat Venture Partners appeared first on GeekEstate Blog.

Remarkably Closes $4.1 Million Round Led by Wildcat Venture Partners syndicated from https://oicrealestate.wordpress.com/

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clarencevancleave · 5 years ago

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Remarkably Closes $4.1 Million Round Led by Wildcat Venture Partners

The press release:

Remarkably Secures $4.1 Million Round to Propel Early Stage Growth, Announces Portfolio Analysis Functionality

About Remarkably

About Wildcat Venture Partners

About Pioneer Square Labs

The post Remarkably Closes $4.1 Million Round Led by Wildcat Venture Partners appeared first on GeekEstate Blog.

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readersforum · 6 years ago

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Goodly replaces lame office perks with student loan repayment

New Post has been published on http://www.readersforum.tk/goodly-replaces-lame-office-perks-with-student-loan-repayment/

Goodly replaces lame office perks with student loan repayment

There are better employee perks than a ping-pong table. Seventy percent of Americans graduate college with student loan debt. That’s 45 million people who owe $1.6 trillion. So when employers use Goodly to offer $100 per month in student loan payback for a $6 fee, talent sticks around. The startup found 86 percent of employees said they’d stay with a company for at least five years if their employer helped pay down their student loans. Yet employers break even if workers stay just two extra months, and get a 5X return if they stay an extra year because it costs so much to hire and train replacement staff.

Now, Y Combinator-backed Goodly has raised a $1.3 million seed round led by Norwest. The startup hopes to capitalize on corporate America waking up to student loan payback as a benefit, which is expected to grow from being offered by 4 percent of companies today to 32 percent by 2021.

Goodly co-founder and CEO Greg Poulin knows the student loan crisis personally. “When I was in school, my father passed away very unexpectedly due to a heart attack. I had to borrow $80,000 for college at Dartmouth,” he tells me. His monthly payment is now $900. The stress that debt creates can poison the rest of your life. He says 21 percent of employees with student loan debt have delayed marriage, 28 percent have put off starting a family and 1 out of 8 divorces is now directly attributed to student loan debt. “I’ve seen first-hand how challenging it is for employees to save for retirement or start a family” when they’re strapped with debt, Poulin says.

He met his co-founder and CTO Hemant Verma when they started working at Zenefits’ founder Parker Conrad’s new employee onboarding startup, Rippling, in 2017. That taught them how simplifying the benefits sign-up process could become its own business. Typically it requires that benefits be integrated with a company’s financial software, like payroll, and be set up with proper provisioning access. It’s enough of a chore that companies don’t go to the trouble of offering student loan repayment.

Poulin and Verma started Goodly to create a “set it and forget it” system that automates everything. They charge $6 per month per participating employee and typically see adoption by 30 percent to 40 percent of employees. Rather than help with their monthly payment that includes interest, Goodly clients pay down their employees’ core debt so they can escape more quickly. Employees get a dashboard where they can track their debt and all of the contributions their company has made. Goodly hasn’t had a single customer churn since launch, demonstrating how badly employers want to keep job-hopping talent in their roles.

“We found that our people put off contributing to their 401ks and buying a house because of their student loan debt. We thought that offering a Student Loan Repayment Benefit would be a great low-cost and high-impact benefit to attract and retain talent while alleviating some of the stress and the financial burden on our employees,” says Kim Alessi, an HR generalist.

Goodly’s founders and first employees

The business opportunity here is relatively young, but there are a few competitors. Boston-based Gratify was acquired by First Republic, which Santa Monica’s Tuition.io pivoted to offering student loan benefits. But Goodly’s connection to so many potential clients plus its new funding could help it make student loan repayment a ubiquitous perk. Along with Norwest and YC, the funding comes from ACE & Company, Arab Angel, Zeno Ventures and angel investors, including Optimizely’s Pete Koomen, DreamHost’s Josh Jones, ShipStation’s Jason Hodges, Fairy’s Avlok Kohli and Telly’s Mo Al Adham.

Beyond improving talent retention, Goodly may also help erase some of the systematic discrimination against minorities in our country. Women hold 66 percent of all student loan debt, black and Latinx Americans have 31 percent more student debt than their peers and LGBTQ borrowers owe $16,000 more than an average member of the population. Convincing employers to address student loan debt could give everyone more freedom of choice when it comes to what they work on and how they live their lives.

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toomanysinks · 6 years ago

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Goodly replaces lame office perks with student loan repayment

Goodly’s founders and first employees

source https://techcrunch.com/2019/03/27/student-loan-benefits/

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un-enfant-immature · 6 years ago

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Goodly looks to give companies student loan payments as an employee benefit

As employers duke it out over hiring the best possible candidates, especially ones coming out of school, they are starting to get a little bit more creative with their incentive packages — and that includes offering an option for paying down student debt.

Goodly is a new startup that’s looking to help those employers offer that as a benefit. Smaller companies without the resources to create complicated incentive packages especially need tools that help shortcut the process of offering those benefits. It’s following a similar playbook of companies looking to make it easier to get the tools they need in place and focus more on the set of products that are going to make it an actually differentiated company. Goodly is launching out of Y Combinator’s summer class this year.

“We found it to be a really great tool for recruiting and retaining,” co-founder Gregory Poulin said. “When people hear student loan benefits, they instantly think it’s very expensive. You can offer student loan benefits starting $25 to $50 per employee per month, up to $200. Our system is completely flexible. You can offer any company size for any budget. You can offer meaningful benefit for less than the cost of a cup of coffee a day. For the average borrower, when they have an employer contributing an extra $100 per months, it could help your average employee get out of debt almost a decade faster.”

There are more common benefits like stock packages, 401(k) matches, insurance, better time off policies, or others along those lines. But as student debt increasingly becomes a factor in a candidate’s decision on where they work, it’s another way that companies — ones without larger compensation packages or very aggressive recruiting operations like, say, Google or Facebook — can still get the attention and interest of good candidates coming out of school. Like other companies (like Human Interest for 401(k)s, for example), the goal is to make it easy to get started and maintain the whole process.

Employees connect their student loans to Goodly, which takes a few minutes to verify them before setting up the contribution plan. Goodly integrates with payroll operations and gives companies and employees a pretty flexible way to set their spending schedule. Then, it goes from there, without the employees having to manage it on a per-period basis. While it might have the robust tax incentives in place like a retirement plan, it’s still a way to help companies offer some way of showing employees that they’re invested in their employees’ future success, which is another way that those companies might be able to retain that talent. Goodly then brings back detailed reports on the company’s implementation to help it better understand whether the policies are working for their employees.

It’s certainly an area that’s attracted interest — and funding — from a number of startups like Tuition.io which look to help employers get a little more creative about their benefits. Much like contributions to retirement plans, it’s another way to offer employees a way to invest in their future by reducing the financial stress they have through some of their biggest financial decisions like where to go for college. Poulin also said it’s a way to help discover a more diverse talent pool as it surfaces up underrepresented parts of the population that are acutely dealing with student debt as a factor in their decision-making.

#TechCrunch

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fmservers · 6 years ago

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Goodly replaces lame office perks with student loan repayment

Goodly’s founders and first employees

Via Josh Constine https://techcrunch.com

#TechCrunch

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cryptonewsupdates · 6 years ago

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Libra Credit Welcomes ALPHABIT Fund CEO Liam Robertson to Advisory Board

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Libra Credit, leader in lending and developer of a globally inclusive financial services ecosystem, announces the addition of Liam Robertson, CEO of the US$300 million regulated Alphabit Digital Currency Fund, to its Advisory Board.

SINGAPORE, APRIL 8th, 2018—ALPHABIT Fund CEO Liam Robertson, One of the Biggest Names in Cryptocurrency, Joins Libra Credit’s Advisory Board of Experienced Blockchain and Financial Experts

Libra Credit is pleased to welcome financial and investment advisor Liam Robertson to its diverse team of expert advisors. Liam is one of the largest individual and corporate traders of cryptocurrencies in Europe and the Middle East. A founder and CEO of Alphabit Limited, Liam now manages the AlphaBit fund, a hybrid between an open-ended mutual fund and a hedge fund. Alphabit invests in projects that are solving real-world problems with blockchain technology.

Last year, the fund raised US$300 million to invest in digital currency assets around the world. The Alphabit Digital Currency fund backs other industry-leading cryptocurrencies such as AELF, NEO, BitCar, and Metal Pay, and Intimate. Robertson’s rich entrepreneurial experience in managing crypto and non-crypto companies will serve as an important guidance to developing Libra Credit services for mass adoption

Robertson joins other renowned members of Libra Credit’s advisor board:

Shoucheng Zhang, CEO of Danhua Capital

Shuoji Zhou, Founding Partner of FBG Capital

Scott Thompson, CEO of Tuition.io and ex-CEO of Yahoo

Kenneth Oh, Senior Partner of Dentons Rodyk & Davidson’s Corporate Practice

Libra Credit is set to revolutionize the lending industry by merging an established global lending network, a diverse team of entrepreneurial leaders, and the power of blockchain technology.

“We are happy to welcome Liam to our advisory board. He has an established history of blending investment strategies to build long term value within the digital currency realm. His expertise, and that of our esteemed advisory board, will further our ability to eliminate barriers to providing global credit services. – CEO, Lu Hua

For more information about our company, visit Libra Credit’s website.

For media inquiries, please contact [email protected]

About Libra Credit

LIBRA CREDIT is a decentralized global lending network that facilitates open access to credit anywhere and anytime. Founded by former PayPal technical and financial experts, Libra Credit is a leader in the lending industry, specializing in blockchain technology. Using a suite of decentralized lending smart contracts, Libra Credit allows its borrowers to choose from two forms of lending denominations: stable cryptocurrency or fiat money.

Libra’s rich industry experience and sharp market acumen has won the favor of the capital market, recently securing an investment of US $2 million in a fundraising effort led by FBG capital. Libra has also recently announced several partnerships, including MakerDAO, Radar Relay, and Civic. Other recently established strategic partnerships included Dekrypt Capital from UC Verkeley, GBIC from New York, and Argus.

For more information, please refer to the whitepaper or join Libra Credit’s Telegram at https://t.me/libraofficial.

Community and Social Media

Twitter: https://twitter.com/LibraCredit

Telegram: https://t.me/libraofficial

Medium: https://medium.com/libracredit

Reddit: https://www.reddit.com/r/Libra_Credit/

Our Company

Official Site: https://libracredit.io/

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