New York based student loan advisory startup Summer has raised a $10m Series A led by QED.
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Summer wants to vanquish student loans
Co-founder and CEO Will Sealy analogized Summer to how tax accountants help filers handle the complexities of doing their taxes. “We’re trying to create the software that democratizes [student loan] expertise, that gets the expertise into the hands of the end consumer, who might not be able to afford an accountant that doesn’t even unfortunately exist in the student loan space at this current moment,” he said. He noted that the company is building out support for 120 loan forgiveness programs and their complicated rules, and has its eyes on more than a hundred other student loan proposals that are sitting in state legislatures across the country.
