“With this large increase, we’re thrilled to allow Moneythink’s means to develop and deploy its DecidED device into its subsequent phases of evolution,” mentioned Greg Nance, Moneythink’s co-founder and present Board Chair. “Since our founding, we now have strived to create significant change and affect throughout the nation. This chance brings us an essential step nearer, fueling our tech-enabled instruments for particular person college students and faculty advisors whereas aggregating important knowledge to tell system-wide choices that put college students within the driver’s seat.”
“This catalytic assist from The Invoice & Melinda Gates Basis is an extra present of confidence that Moneythink is uniquely positioned to set traditionally underserved college students up for educational and profession success by eliminating the shock monetary stressors plaguing thousands and thousands of younger folks. With our distinctive resolution, we’re capable of provide life-changing assets — and actual hope — for present and future generations of scholars,” mentioned Joshua Lachs, CEO of Moneythink.
Since 2008, Moneythink’s youth-focused monetary functionality work has served greater than 33,000 highschool college students throughout the nation. Moneythink‘s new faculty affordability comparability device, DecidED, is positioned to deal with the inter-related faculty affordability and debt problem on the scale and urgency at which it exists. DecidED helps college students make assured, actual time, holistic enrollment choices utilizing important data — all aligned with their particular person targets and monetary circumstances. In flip, college students equip themselves for his or her future by constructing long-term monetary wellness habits. Moneythink has obtained nationwide recognition, resembling Capital One’s 2020 Give Again Nonprofit of the Yr Award, Goldman Sachs’ Affect Problem Fan Favourite Award, The MassChallenge Winner, White Home Champion of Change Award underneath President Obama, and plenty of others. Moneythink has additionally collaborated with main design and behavioral science corporations, resembling Ideo.org, Ideas42, PwC, and Quick Ahead.