Edmit Introduces its Pre-College Debt Solutions for Financial Institutions and Employers at Finovate 2019

NEW YORK--(BUSINESS WIRE)--#collegesavings--Edmit, an award-winning provider of digital tools and advising to help families make smarter college financial decisions, will be presenting at Finovate in NYC from September 23-25. Edmit will be conducting a live demo of its award winning solution to demonstrate how the software and learning center enables partners to promote responsible college financial planning and borrowing and build meaningful relationships with college-going students and their families during a high anxiety and critical period of time.


At Finovate, Edmit co-founders Nick Ducoff and Sabrina Manville will be demoing new enterprise-focused features, including enhancements to the company's proprietary Edstimate® algorithm and co-branded software and learning center, on September 24 at 11:20am eastern. Edmit’s proprietary software calculates tuition estimates that are personalized to the student, and offers a financial fit score that takes into account a college’s affordability, value, and post-graduation earnings.

Edmit's SXSW award-winning software, created to help families treat college like an investment and ensure it pays off, was previously only available as a consumer offering. The company recently announced two new significant enterprise partnerships that promote its commitment to financial wellness and will be making more partnerships public this fall. As a result of these new alliances, Edmit’s offering is now available to DCU's 800,000 credit union members and NFP brokers making Edmit available as an employee benefit across the country. These B2B partnerships further the Company’s mission of helping families as early as possible in the college search process to determine which schools offer them the best value, understand how to pay for it responsibly, and also how to set students up for financial success beyond their college years.

“People know how much house to buy: they need to have 20% down and be able to afford monthly mortgage payments. People know how much car they can afford based on lease payments. But people have no idea how much college is too much - and that’s landed us with $1.6 trillion in student debt,” said Nick Ducoff, Edmit’s CEO. “We help families right-size their college choice and loans so they can be set up for great life outcomes - and that makes them happier employees, smarter borrowers, and better customers to our partners.”

Edmit is a great complement to benefits that many institutions and organizations already have in place (such as student loan repayment benefits and tuition assistance), allowing employers to cover a wider employee population with critical higher education financial wellness benefits, and allowing financial institutions to better advise clients on this serious decision and deepen relationships with college-goers earlier in the process. Edmit partners are publicly addressing the issue of over-borrowing for college by leveraging Edmit’s college money management tools.

About Edmit

Edmit was launched in 2017. The Company was founded by former university administrators to create true price and value transparency for college-bound students. Edmit aims to help these students and their families better evaluate their options and make well-informed decisions about their college investment. Edmit’s proprietary software calculates tuition estimates that are personalized to the student, and offers a financial fit score that takes into account a college’s affordability, value, and post-graduation earnings. For more information about Edmit, visit www.edmit.me.

About Finovate

Finovate is a global conference series focused on financial services technology. Held in six locations -- London, San Francisco, New York, Singapore, Dubai and Cape Town -- it offers live product demos, fast-paced content, and high-impact networking. The event is organized by KNECT365. For more information about the events or to view videos of previous demos and presentations, please visit finovate.com.


Contacts

Sabrina Manville
Edmit
sabrina@edmit.me

Laurenn Wolpoff
(on behalf of Edmit)
917.518.9011
lwolpoff76@gmail.com