Photo Credit: CampusLogic
CampusLogic, a Chandler, Arizona-based student engagement platform for financial aid, announced it has acquired Funderbolt — which is a leading software company focused on accelerating college student fundraising.
Going forward, CampusLogic is rebranding the software as SponsoredScholar. And it will enable individual student fundraising campaigns for educational expenses including tuition.
“We are excited about the broad applications for SponsoredScholar, including fundraising for tuition, scholarships, and eventually student loan repayment,” said CampusLogic CEO Gregg Scoresby in a statement. “Cost is a major barrier to higher education for many students. This innovative fundraising component is one more way we can help schools improve student access, inform borrowing decisions, and increase completion.”
According to Finding a Fit: The Evolution of Student-Centric Financial Aid, Tyton Partners estimated that 3 million college students drop out every year due to financial reasons. And studies have shown that small grants could help students stay in school and persist towards degree completion. SponsoredScholar helps students again access to funds through mobile devices in an easy and personalized way. Scoresby compares the platform to “GoFundMe for colleges and universities.”
“We are incredibly excited that CampusLogic, the leading Student Financial Success company, has seen the value and potential of Funderbolt,” added Funderbolt CEO Ross M. Sylvester. “CampusLogic has a big vision to unlock new tuition funding sources for students and scholarship fundraising opportunities for schools. We can’t wait to be part of the team.”
CampusLogic transforms the way higher education delivers student financial success with the first and only integrated platform which includes a net price calculator, online scholarship management, digital award letters, simpler financial aid verification, and educational insights.
CampusLogic transforms the way higher education delivers student financial success with the first and only integrated platform which includes a net price calculator, online scholarship management, digital award letters, simpler financial aid verification, and educational insights. There are more than 500 schools serving 3 million students — which is resulting in higher enrollment and improved retention — with CampusLogic.
