An ECMC initiative, CollegeAbacus.org provides financial aid estimates to prospective college students.
General company ifno:
Year of founded: 1994
Zip Code:
Employees: 501-1,000
In sector: Finance & Investment
Revenue Sources: No revenue; this is an ECMC non-profit initiative.
Social Impact:
Description:
An ECMC initiative, College Abacus is a free service that allows users to compare their projected financial aid packages across schools and to identify schools within their budgets. Using net price calculators (NPCs) built by US colleges as mandated by the Higher Education Opportunity Act of 2008, College Abacus has built a system that generates estimates for more than 3800 post-secondary institutions in the United States.
Financial Info:
Founded in 2012, College Abacus’s initial funds were provided through a combination of private investment and grant funds from the College Knowledge Challenge, an initiative funded by the Gates Foundation.
ECMC acquired College Abacus in 2014, and will be offering the web services for free in perpetuity. There will be no data sales and no paid products related to the College Abacus initiative.