Gift of College
Let's end student loan debt
Analytics
Raised to Date: $101,777
Aggregate Commitments $
StartEngine
10/19/2020
04/14/2021
$10,000
$1,070,000
$250
Equity - Common
RegCF
Seed
$24,000,000
Weekly Commitments $
Active
01/24/2021
78
1,018%
10%
$1,049
85
Calabasas, California
Education, Training, & Coaching
Non-Tech
B2B/B2C
Medium
High
Gift of College, with a pre-money valuation of $24 million, is raising funds on StartEngine. It is a crowdfunding platform that streamlines the student loan process for students and allows friends, family, and employers to contribute towards college savings and student loan accounts. The suite of Gift of College connects gift-givers and receivers through gift cards and an at-work solution. Wayne Weber founded Gift of College in 2007. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to expand the employer network and bolster the retail offerings. Gift of College has already helped eliminate $15 million in student loan debt and boosted college savings account balances by $10 million.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,197,709 |
$1,054,718 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$71,554 |
$115,554 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$639,099 |
$467,115 |
|
Accounts Receivable |
$28,992 |
$28,587 |
|
Total Assets |
$757,820 |
$509,513 |
|
Short-Term Debt |
$858,497 |
$677,160 |
|
Long-Term Debt |
$143,344 |
$0 |
|
Total Liabilities |
$1,001,841 |
$825,089 |
Ratings
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Ratings Platform - Beta Trial
Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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