Tuition.io explained

Tuition.io, Inc.
Type:Private
Location:Santa Monica, California
Key People:Brendon McQueen (founder), Steve Pomerantz (co-founder), Scott Thompson (CEO)

Tuition.io is an American company that enables other companies to provide employer-paid student loan contributions as an employee benefit. The company is headquartered in Santa Monica, California.

Tuition.io's customers include Fidelity Investments,[1] Chegg,[2] and Staples.[3] More than 5,000 Fidelity employees, or about 11 percent of its workforce, signed up in the first three months of the program.[4]

Tuition.io raised $8.2 million in funding in 2015.[5]

History

Tuition.io was founded by Brendon McQueen (Founder) and Steve Pomerantz (Co-Founder/President) in 2012. An alum of the Launchpad LA startup accelerator, the company launched into public beta in January 2013.[6] Current CEO is since 2016 Scott Thompson.[7] Since August 2017, Scott Simmons is CFO and COO of the company.[8]

Products

Tuition.io offers student loan management tools, student loan repayment assistance, tuition assistance, so that clients can offer tuition reimbursement or scholarship programs, and they provide Public Service Loan Forgiveness Tools.[9]

Notes and References

  1. Web site: Fidelity’s student loan debt repayment benefit draws 5,000 workers - The Boston Globe. BostonGlobe.com. 2016-04-20.
  2. Web site: Move Over, 401(k)s: This New Perk Helps Millennials Pay Off College Loans. Report. The Hechinger. 2016-04-18. U.S. News & World Report. 2016-04-20.
  3. News: Staples offering employees $100/month to help pay off student loans. MarksJarvis. Gail. chicagotribune.com. 2016-12-01.
  4. News: Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits. Bernard. Tara Siegel. 2016-03-25. The New York Times. 0362-4331. 2016-04-20.
  5. Web site: Tuition.io Secures $5M in Series A Financing from MassMutual Ventures and Wildcat Venture Partners. 2015-11-18. PR Newswire.
  6. Web site: Sites Target Helping College Grads With Empty Pockets - Camira Powell - News . AllThingsD . 2013-01-28 . 2013-09-01.
  7. Web site: 2021-02-02. Tuition.io offers employers new weapons in war on student loan debt. 2021-06-28. Employee Benefit News. en.
  8. Web site: About Us. 2021-07-05. TUITION.IO. en-US.
  9. Web site: Our Products. 2021-07-05. TUITION.IO. en-US.

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