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Arizona based student financial services platform has raised $55m in growth equity funding led by JML Equity. CampusLogic works with colleges and universities to simplify the student financial services journey with its comprehensive software platform, including web-based guided forms personalized multimedia award letters, an industry-leading net price calculator, and rich analytics for the financial aid office.
The ABCs of student finance are more important now than ever – improving accessibility, reducing borrowing and driving completion," said Gregg Scoresby, CEO of CampusLogic. "We're partnering with institutions across the nation to make the ABCs of student finance a reality with software that brings easy, mobile and personalized student financial services. We're excited to partner with the team at JMI, whose leadership with Ellucian, Blackbaud and other category-leading companies makes them the best partner to help us unlock the tremendous opportunity in front of us." More than 15 million students travel the higher education financial services journey each year. Complicated financial processes often create barriers to student enrollment and retention. A recent report shows that 40% of low-income students that are accepted into college fail to enroll due to complex financial aid processes.
https://www.bizjournals.com/phoenix/prnewswire/press_releases/Arizona/2018/04/25/PH74882
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