This startup provides insurance services specifically designed for students, offering financial instruments that mitigate the risks associated with educational investments. By ensuring income security post-graduation and covering remaining tuition costs, the company enables students to pursue higher education without the burden of loans.
Funding
$6.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many students face the risk of not completing their degree programs within the expected timeframe, leading to financial losses and reduced career prospects. Colleges also face challenges in maintaining enrollment rates and revenue due to students dropping out or transferring.
Solution
Degree Insurance provides an insurance product that guarantees a salary for students after graduation, giving them the confidence to enroll and persist in their studies. This insurance mitigates the financial risks associated with pursuing higher education, ensuring income security post-graduation. For colleges, Degree Insurance helps overcome enrollment melt, increase transfer enrollments, and improve overall yield numbers by providing a compelling reason for students to choose and remain at their institution.
Target Audience
The primary target audience includes college students seeking financial security and guaranteed income after graduation, as well as colleges and universities aiming to improve enrollment rates and reduce student attrition.
Features
- Insurance policies guaranteeing a minimum salary for students upon graduation.
- Coverage for remaining tuition costs in case of unforeseen circumstances.
- Risk-free enrollment spend for colleges, delivering a high return on investment.
- Partnerships with colleges to increase transfer enrollments.