Summer and Company partner to tackle student debt for top tech innovators in NYC
170 companies gain access to Summer’s student loan assistance to improve their employees’ financial health
NEW YORK CITY — Company, a New York-based innovation campus for companies that span from early-stage start-ups to large enterprises, just announced a partnership with Summer to bring the unique student loan assistance platform to all 170 companies in its community.
The partnership aims to provide the entire Company community with access to innovative technology and policy expertise to better manage their student debt and maximize their savings.
Employees of Company members, which range from early-stage start-ups to large, mature companies, will be eligible to access Summer’s student loan platform, with the ability to:
- Apply to over 100 federal and state-sponsored savings and debt forgiveness programs with an easy-to-use cost comparison calculator and digital enrollment
- Identify a lower interest rate for their loans in Summer’s refinancing marketplace
- Track their student loans in one place
- Access 1-on-1 advice from Summer’s team of student loan experts
“Company is thrilled to partner with Summer to help the 170 companies and start-ups under our roof extend student loan assistance to their employees as a potentially life-changing benefit,” said Matt Harrigan, Company’s CEO.
“At Company, we constantly strive to serve the unique needs of our member companies. Student debt can be a real barrier for companies trying to recruit the best possible talent. Summer’s ability to reduce employees’ student debt is not only an effective recruiting tool, but it can also improve employee retention by tackling one of their biggest sources of financial strain.”
Similar to filing taxes, the government applications that are required to enroll in student loan repayment plans and assistance programs are long and complex. Government reports and Congressional inquiries have documented an array of systemic problems that have prevented millions of borrowers from accessing valuable savings programs.
One million borrowers are slated to default on their student loans this year, joining 8 million others already in default. Meanwhile, the majority of borrowers are struggling to enroll in loan assistance programs, leaving billions of dollars on the table in potential saving opportunities.
Summer’s unique approach of combining student loan expertise with a human-centered, tech-enabled platform allows borrowers to successfully navigate this complex landscape to maximize their savings.
Summer has partnered with dozens of employers, colleges, and organizations to provide Summer’s software and resources for nearly 2 million borrowers. Summer saves borrowers an average of $31,000 by enrolling them in the most beneficial loan assistance programs.
“We created Summer to answer a basic question: how can we use technology and user-centric design to improve success outcomes for all student loan borrowers?” said Will Sealy, Summer’s co-founder and CEO.
“We are solving a systemic problem with better technology and automated micro-engagements to ensure borrowers are not falling through the cracks. Summer helps borrowers check their eligibility among over 100 loan assistance programs — from default rehabilitation to state and career-based forgiveness programs. Summer then ensures that each user recertifies annually to achieve their goal of becoming debt-free.”
“Today, we’re excited to partner with Company to bring Summer’s expertise to New York’s leading technology companies committed to improving our city and country through smarter solutions.”
To learn more about how to partner with Summer, you can contact the team here.
About Summer
Summer is a human-centered, tech-enabled platform that helps student loan borrowers successfully navigate the complex repayment process to maximize their savings. Summer has partnered with dozens of employers, colleges, and organizations to provide software and resources for nearly 2 million borrowers. Summer saves borrowers an average of $31,000 by enrolling them in the most beneficial loan assistance programs.
About Company
With 1 million+ square feet in Manhattan, Company houses a curated community of top-tier companies that span the innovation spectrum from venture-backed startups to large enterprises. By facilitating meaningful interactions between peers and delivering a dynamic shared experience, Company helps businesses of all sizes unlock true value.
Follow Summer:
meetsummer.org
twitter.com/Try_Summer
Contact for media inquiries:
Will Sealy, Co-Founder & CEO
hello@meetsummer.org
