Deals

Cegment Acquired by CampusLogic
Date: 
Thursday, February 16, 2017
Location: 
Boston
Categories: 
EdTech
Deal Type: 
Acquisition

CampusLogic, announces the acquisition of Cegment’s Net Price Calculator (NPC) and Award Letter business. A pioneer in the NPC business, Cegment helps create transparency in higher education financing so families can better understand and assess the cost of a college degree. The integration of Cegment with the CampusLogic platform will form the only end-to-end student financial aid engagement platform designed to increase accessibility to education, reduce student borrowing, and drive down the cost of financial aid administration.

Today, as many as 40% of low-income students that enroll in college fail to return the following semester—a challenge professionals attribute to a lack of clarity surrounding the financial aid process and their ability to pay, which causes students to disengage and drop out altogether. With the addition of Cegment technologies, the CampusLogic platform will make it easier for students to identify the true cost of college early in the enrollment process, accurately complete important financial aid forms, and make better, more-informed borrowing decisions through personalized award letters, all from their mobile phone.

“CampusLogic is excited to welcome Cegment’s customers and team to the family.  This acquisition accelerates the company’s already rapid growth, more than 300% year-over-year, with 400+ combined customers and new product capabilities,” said Gregg Scoresby, CEO of CampusLogic... READ MORE