Pay4Education has built a decision platform that ingests a college award letter or tuition bill and projects true four-year costs, monthly affordability, and outcomes to help families evaluate college purchases. The product is aimed at consumers, financial advisors, college advisors, and institutions; several colleges are beta testing the platform with first-year populations this summer. Founders include CEO Patrick Kandianis, a fintech veteran, and Colleen Krumwiede, a longtime financial aid administrator. The company says its platform mitigates mismanaged student debt and fills a void of actionable advisory tools. Pay4 (branded Pay4Education) is scheduled to launch in early July and plans to use new funding to accelerate product development and ramp up marketing of its family-focused platform. The company is built and operated in Western Massachusetts and works directly with families and schools to provide a clear understanding of all four years of costs up front.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2019