CampusLogic, the category leader in student financial success, today announces that it has acquired RaiseMe, a social enterprise focused on expanding access to higher education, especially among low-income and first-generation students.
This acquisition brings together two champions of student financial success, which will drive more integration and innovation in this mission-critical category. This combined effort empowers colleges and universities to enroll, engage, and retain more students at a time when these numbers are threatened by the pandemic and a vastly changing higher education landscape. Institutions will also be able to attract a higher percentage of low-income and first-generation students, which will help accelerate goals to broaden diversity on college campuses.
“We believe that student financial success means students go to college knowing they can fund their education from their first day through graduation,” said Gregg Scoresby, CEO and founder of CampusLogic. “RaiseMe has created a truly innovative solution that helps remove the financial barrier upfront, especially for low-income students. I have been following RaiseMe for years and I know that our combined companies will recreate the entire student financial journey.”
RaiseMe began with a mission to expand access to higher education so that every student has a shot at the American Dream. Rather than waiting until the end of high school to earn scholarships, which is often too late in the student journey to impact their enrollment, RaiseMe enables students to earn scholarships throughout high school, starting as early as 9th grade. To date, students on RaiseMe have earned over $6 Billion in “micro-scholarships” for accomplishing things that best prepare them to succeed, such as earning good grades, volunteering in the community, and participating in extracurricular activities. RaiseMe’s newest student success platform offers current undergraduates, such as community college students intending to transfer, the opportunity to earn additional merit aid for completing specific academic and behavioral milestones.
“By the time students on our platform get their acceptance letters, they are already financially on their way and engaged with colleges that are a good fit for their interests and skills. Knowing earlier in their journey that they already have some of the funding they’ll need gives them the confidence to pursue their college ambitions. That’s where CampusLogic comes in,” stated Preston Silverman, CEO and founder of RaiseMe. “RaiseMe gives students the hand up to get on their path to college, and CampusLogic takes their hand and leads them through to graduation day and beyond. Our goal, together, is to help millions of students achieve their education goals with confidence and clarity.”
More than two million students across the country are already using the RaiseMe platform to earn micro-scholarships from leading colleges and universities across the country, such as Penn State, Tulane, University of Chicago, ASU, and Syracuse. The RaiseMe platform will become part of CampusLogic’s growing suite of award-winning education technology. The company most recently launched VirtualAdvisor – an AI-powered virtual assistant that streamlines and personalizes the student financial aid experience.
While RaiseMe will remain in San Francisco, CA, its 30 employees and 300 college and university customers will become part of the CampusLogic family. CampusLogic was recently ranked #1 in the U.S. for technology in the education sector on the Inc. 5000 list, and ranked the 81st Fastest-Growing Company in North America on Deloitte’s 2019 Technology Fast 500.
CampusLogic helps schools change lives by delivering the first—and only—Student Financial Success platform that incorporates complete scholarship management, net price calculators, personalized digital communications, simplified financial aid verification, 24×7 multilingual virtual advising, tuition and scholarship crowdfunding, and integrated data visualizations. Over 500 schools across the country use CampusLogic to provide their students with an easy, mobile, and personalized experience to simplify the financial success journey, resulting in increased enrollment, better informed borrowing, and improved retention. CampusLogic annually hosts EmpowerED, a conference dedicated to providing student financial success professionals with access to industry trends, best practices, and networking opportunities with like-minded colleagues.
RaiseMe empowers every student to build their path to and through college by delivering a student-centric platform for college discovery and scholarship attainment. Students receive the motivation and guidance to be successful in their pursuit of a college degree, and colleges have an opportunity to engage students years before they set foot on campus. Students can join RaiseMe for free as early as the 9th grade, and earn incremental, achievement-based financial aid from colleges for their achievements. More than two million high school and community college students have earned micro-scholarships on RaiseMe from nearly 300 institutions, including Arizona State University, Florida International University, University of Chicago, University of Rochester, Northeastern, Tulane, and Georgia Tech.