Financial Aid & Student Loan Debt image

Financial Aid & Student Loan Debt

Helping students get funding and scholarships and work to reduce or manage their student loan debt

Education Subcategories


What is financial aid and what is student loan debt?

Financial aid is money provided to students and families to pay for educational expenses. This includes grants, scholarships, work-study, and loans. Financial aid can help cover costs associated with tuition, books, living expenses, and other educational-related costs.

Student loan debt is a type of debt incurred by students when they borrow money to pay for their post-secondary education, typically in the form of loans. It is a problem because it can be difficult to pay back, especially for students who are unable to find a well-paying job after graduating. The interest rates are often high and loan payments can be a significant financial burden for many graduates.

Because loan providers sometimes have predatory tactics and loans can be a significant financial burden, Tech Jobs for Good generally does not approve loan providers as 'for good’ organizations unless they can substantially demonstrate how they create a positive impact.

How is technology being used to improve financial aid and lower student loan debt?

Online applications and services are making it easier for students to discover, apply for, and access financial aid. Technology is also being used to create specialized tools to help students calculate their cost of college and understand the true cost of their loans. There are also companies and organizations leveraging technology to offer income-driven repayment plans and advocate for loan forgiveness programs.

Financial Aid & Student Loan Debt Organizations

Climb Credit Logo
Climb Credit

Climb Credit believes education is an investment and should be treated that way.
Poverty Alleviation & Economic Development
Education
New York, NY, USA
Wishbone Logo
Wishbone

Wishbone empowers low-income high school students to experience life-changing summer programs.
Poverty Alleviation & Economic Development
Education
San Francisco, CA, USA
Savi Logo
Savi

Savi is a social impact technology startup in Washington, D.C. working to solve the student debt crisis affecting 46 million borrowers by helping them discover new repayment and loan forgiveness options. Founded by long-time student loan experts and advocates, Savi is a public benefit corporation that works with employers, membership organizations, and financial institutions to provide our service as a unique student loan benefit.
Education
Poverty Alleviation & Economic Development
Washington D.C., DC, USA
BestFit, Inc. Logo
BestFit, Inc.

BestFit makes it easy for students to access the financial and social support services they’re eligible for so they can thrive in college.
Education
Poverty Alleviation & Economic Development
Atlanta, GA, USA

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