CampusLogic Raises $10M to Make Financial Aid Easy, Mobile, and Personalized
First end-to-end student engagement platform will streamline financial aid from college search to graduation; help higher education improve student outcomes
FOR IMMEDIATE RELEASE
PHOENIX— CampusLogic, the only student financial aid engagement platform, today announced that it has secured $10 million in a Series B financing round led by 4.0 Partners. The funding will support the continued expansion of a college search-to-graduation student engagement platform, strengthened by CampusLogic’s recent acquisition of Cegment, developer of the nation’s most popular commercial net price calculator.
Research suggests that 4-in-10 low income high school students who are accepted to college don’t enroll in the fall, due to concern and confusion about the financial aid process. CampusLogic’s unique technology enables students and families to understand the true cost of college early in the enrollment process, easily complete critical financial aid forms, and access digital, easy to understand award letters– all from their mobile phone. By streamlining the management process for financial aid officers, CampusLogic’s platform also frees up time for institutions to focus on coaching and advising to support student success.
As part of the Series B investment, Eric N. Shapiro, Senior Venture Partner from 4.0 Partners, will join CampusLogic’s board of directors. Eric is a three-time successful entrepreneur, and is currently CEO of ArcTouch, a mobile & connected experiences studio he founded in 2008, which was recently acquired by WPP.
“We are impressed with the CampusLogic leadership team and their transformative approach to financial aid,” said Shapiro. “CampusLogic is a category creator, solving real problems around accessibility to education, student borrowing, and administrative cost. We’re excited to support CampusLogic’s continued growth.”
“I’m thrilled to have Eric join our board,” said Gregg Scoresby, CEO of CampusLogic. “He and 4.0 Partners bring deep knowledge and expertise in software and mobile technology. Together, we are well positioned to accelerate CampusLogic’s already rapid growth, more than 300% year-over-year.”
CampusLogic is currently used by more than 400 colleges and universities, including innovators Georgia State University, Arizona State University, and Purdue University, to eliminate paper-based workflows and decrease financial aid processing times. Financial aid offices using the platform report improved enrollment yield, staff efficiency, and student satisfaction with the financial aid process.
CampusLogic transforms the way higher education delivers student financial success with the first—and only—integrated platform that includes a net price calculator, online scholarship management, digital award letters, simplified financial aid verification, and instant financial aid insights. CampusLogic’s innovative software removes financial barriers to improve student access, inform borrowing decisions, and increase student completion in higher education. Over 500 schools serving 3 million students simplify the student finance journey, resulting in higher enrollment, streamlined processes, and improved retention with CampusLogic. For more information, visit campuslogic.com.