Associated tags: Forgiveness, Policy, Public Service Loan Forgiveness, Education, Professional Services, Finance, Other Education, Summer, Bank, University, Consumer, Banking, Personal Finance, IDR, PSLF, Credit Karma
Locations: NORTH AMERICA, OHIO, FELLOWS, NEW JERSEY, MS, NEW YORK, SEALY, VIRGINIA, UNITED STATES
City,
Mentorship,
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HR,
LEARN,
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Tyler Robinson,
Heidrick & Struggles,
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Management NEW YORK, May 9, 2024 /PRNewswire-PRWeb/ -- Today, Summer –– the only end-to-end workplace student loan solution that saves employees an average of $40k and is proven to reduce turnover by 20% –– is announcing an addition to its leadership team, and formally introducing its Advisory Board of HR leaders. The news follows other major milestones for the startup, including $9M in funding and an industry-leading integration with ADP.
Key Points:
- Welcoming Don Weinstein, Former Global Chief Product & Technology Officer of ADP, as Summer's Chief Innovation Officer
The team is announcing that technology leader Don Weinstein is joining Summer as its Chief Innovation Officer.
- Formerly the Global Chief Product & Technology Officer at ADP, Don brings a wealth of experience and a proven track record of technological innovation in the workplace.
- With his deep industry knowledge, Don is ideally positioned to guide Summer in delivering innovative solutions that meet the diverse needs of employers and their workforces.
- Before his most recent role, he served as ADP's Chief Strategy Officer where he incubated several successful new business ventures, including ADP's Data Solutions business.
Mental Health,
Women,
FDA,
Baby,
Maternity,
Clinical Trials,
Biotechnology,
Health,
Consumer,
Pharmaceutical,
American College,
Regulation,
PPD,
Woman,
Behavioral activation,
Food,
Cognitive behavioral therapy,
BAT,
Depression,
DBT,
Smartphone,
Summer,
ACOG,
Therapy,
Edinburgh Postnatal Depression Scale,
Patient,
MPH,
Postpartum depression,
Face,
ITT,
IPT,
RCT,
Dialectical behavior therapy,
CBT,
EPDS Curio Digital Therapeutics Inc. announced that the U.S. Food and Drug Administration (FDA) has granted clearance to MamaLift PlusTM.
Key Points:
- Curio Digital Therapeutics Inc. announced that the U.S. Food and Drug Administration (FDA) has granted clearance to MamaLift PlusTM.
- MamaLift Plus treats mild to moderate postpartum depression by improving a patient’s symptoms of depression.
- MamaLift Plus delivers digital Cognitive Behavioral Therapy (CBT), Behavioral Activation Therapy (BAT), Interpersonal Therapy (IPT), and Dialectical Behavior Therapy (DBT) for postpartum depression.
- The clearance of MamaLift Plus is based on results from the Supporting Maternal Mental Health and Emotional Regulation (SuMMER).
Research,
HR,
Advisory board,
DIRECTV,
TIAA,
Fintech,
QED,
Evergreen,
Investment,
Student loan,
Retirement,
Workplace,
SoFi,
ADP,
Bank NEW YORK, April 8, 2024 /PRNewswire-PRWeb/ -- Today, Summer –– the only end-to-end workplace student loan solution that saves employees an average of $40k and is proven to reduce turnover by 20% –– announced $9M in additional funding.
Key Points:
- With the round, Summer plans to expand its leadership team, grow its Advisory Board, and further enhance its tech-based solution that makes it simple to implement a range of student loan and education assistance benefits, including Secure 2.0 Student Loan Retirement Matching, Tuition Assistance and Student Loan Contributions, 529 Plan enrollment and matching, as well as enrollment in the SAVE Plan, Public Service Loan Forgiveness, and more than 100 free student loan assistance programs.
- Even when student loan payments were paused, 38% of borrowers reported they delayed saving for retirement due to the burden of that debt.
- "We believe Summer is uniquely equipped to help forward-thinking HR leaders navigate the complexity of student loan benefits and make it simple and cost-effective to offer benefits to employees."
- This Advisory Board will work alongside Summer to ensure the team is delivering best-in-class solutions to the HR leaders who need them.
Retrieved on:
Tuesday, January 23, 2024
Other Travel,
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QED,
Bologna Business School,
Venture,
Management Summer , an innovative approach to short-term rentals and vacation home ownership founded by former Airbnb employees, today announced the appointment of Jed Kleckner to the Summer Board of Directors.
Key Points:
- Summer , an innovative approach to short-term rentals and vacation home ownership founded by former Airbnb employees, today announced the appointment of Jed Kleckner to the Summer Board of Directors.
- "As Summer continuously expands and innovates, we are thrilled to welcome Jed Kleckner to our Board of Directors,” said Paul Kromidas, CEO, Founder, and Chairman of Summer.
- "Summer is uniquely positioned to help families achieve their long term goals, and I look forward to taking part in the mission to democratize vacation homeownership,” said Jed Kleckner.
- “I’m proud to officially join Summer’s Board of Directors, and help the company continue its expansion."
Retrieved on:
Wednesday, November 8, 2023
Construction & Property,
Lodging,
Finance,
Destinations,
Travel,
Vacation,
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Residential Building & Real Estate,
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Risk,
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Cryptocurrency,
Airbnb,
Summer,
Set point "Summer removes the barriers and risk around buying and owning a vacation home,” said Paul Kromidas, CEO and founder of Summer.
Key Points:
- "Summer removes the barriers and risk around buying and owning a vacation home,” said Paul Kromidas, CEO and founder of Summer.
- I'm excited to lead Summer on its mission to democratize vacation home ownership."
- Summer will use the new funding to accelerate technological development, focusing on the advancement of proprietary acquisitions and the platform’s underwriting engine.
- “Summer makes it possible for families to own and enjoy a second home, while streamlining the process of finding, furnishing and renting.
Family,
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Summer During his tenure at SoFi, Macklin brought to market the SoFi at Work financial well-being program.
Key Points:
- During his tenure at SoFi, Macklin brought to market the SoFi at Work financial well-being program.
- "I am delighted to be joining the Summer team as they work to help millions of Americans and their employers navigate the ever-changing student loan landscape," said Macklin.
- According to a recent study, 26% of student loan borrowers repurposed their student loan payments towards other bills.
- Summer works with employers to provide a cost-effective digital solution that helps employees reduce the burden of student loan debt, regardless of their financial situation.
Professional Services,
Education,
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IDR,
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Public Service Loan Forgiveness,
AFT,
Joe Biden,
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Forgiveness,
PSLF,
Tutoring,
Summer The American Federation of Teachers , an affiliate of the AFL-CIO that represents more than 1.7 million members, in partnership with Summer , a Certified B Corporation whose digital education assistance solution empowers individuals to reach their financial goals, today announced it has helped nearly 25,000 teachers with their student debt, connecting borrowers to $22 million in realized student loan forgiveness.
Key Points:
- The American Federation of Teachers , an affiliate of the AFL-CIO that represents more than 1.7 million members, in partnership with Summer , a Certified B Corporation whose digital education assistance solution empowers individuals to reach their financial goals, today announced it has helped nearly 25,000 teachers with their student debt, connecting borrowers to $22 million in realized student loan forgiveness.
- “While the Biden Administration’s student loan forgiveness plan hangs in the balance at SCOTUS, we continue to fight to keep the promise of Public Service Loan Forgiveness for America’s teachers, nurses and all public employees,” said Randi Weingarten, President of AFT.
- Through the Public Service Loan Forgiveness (PSLF) program, Summer has helped AFT members see $22 million in student loans canceled to date.
- Additionally, AFT members enrolled in an Income-Driven Repayment plan through Summer are anticipating an average of nearly $53,000 over the lifetime of their loan.
Retrieved on:
Wednesday, April 26, 2023
University,
Banking,
Personal Finance,
Education,
Technology,
Professional Services,
Software,
Internet,
Fintech,
Other Education,
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Karma,
Boston Consulting Group,
Credit Karma,
Partnership,
American Federation of Teachers,
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American Federation of Government Employees, Local 2463, Smithsonian Institution,
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Fidelity Investments,
Retirement,
Consumer Financial Protection Bureau,
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Consumer,
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Teacher,
Tran,
Bank,
Cryptocurrency Key Points:
- View the full release here: https://www.businesswire.com/news/home/20230426005177/en/
Summer's online solution is designed to help navigate and reduce student loans.
- Student loan debt in the United States now stands at $1.75 trillion, according to the Federal Reserve, exceeding credit card and auto debt.
- In a recent survey , 91% of employees with student debt said they would save more money for retirement if their employer offered a student loan repayment program.
- Summer will use the new funding to expand the platform to help even more borrowers with a holistic approach to financial well-being.
Other Consumer,
Personal Finance,
Finance,
Professional Services,
Other Education,
Training,
University,
Consumer,
Education,
Education,
PSLF,
Solution,
Pell Grant,
U.S. Department of Defense Strategy for Operating in Cyberspace,
Organization,
Forgiveness,
Public Service Loan Forgiveness,
Economic policy of the Joe Biden administration,
Policy,
IDR,
Pell,
United States Department of Education,
Income,
Bank,
Credit,
Security (finance),
Summer In response to President Bidens plan to eliminate up to $20,000 of student loan debt, Summer , a certified B Corporation that advises hundreds of thousands of student loan borrowers across the country, has launched Forgiveness Eligibility Check that allows borrowers to check their loan forgiveness eligibility in real time.
Key Points:
- In response to President Bidens plan to eliminate up to $20,000 of student loan debt, Summer , a certified B Corporation that advises hundreds of thousands of student loan borrowers across the country, has launched Forgiveness Eligibility Check that allows borrowers to check their loan forgiveness eligibility in real time.
- As the first organization to launch a meaningful tool for student loan borrowers in the wake of President Bidens announcement, Summer provides needed clarity for borrowers who are uncertain about their eligibility and are looking for guidance on their loan repayment, said Summer CEO Will Sealy.
- At Summer, we help borrowers qualify for a variety of loan forgiveness plans so they can forge stronger financial futures starting now.
- Founded in 2017 by industry experts, Summers mission is to alleviate student loan debt for 46 million borrowers by providing leading solutions like automated, digital Public Service Loan Forgiveness enrollment and loan consolidation.
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Software,
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Government,
Credit,
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TikTok,
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Summer,
CREDIT KARMA,
SUMMER Now, Credit Karma can help federal student loan borrowers who are struggling to make on-time payments, apply for two potential forms of relief that could lower their monthly payments or help them understand if they qualify for loan forgiveness.
Key Points:
- Now, Credit Karma can help federal student loan borrowers who are struggling to make on-time payments, apply for two potential forms of relief that could lower their monthly payments or help them understand if they qualify for loan forgiveness.
- With unique insight into members financial profiles, Credit Karma can help federal student loan borrowers who are struggling financially find a payment plan that enables them to pay down their debt in a more manageable way.
- The other form of relief Credit Karma can help connect qualifying federal student loan borrowers to is loan forgiveness.
- Credit Karmas student loan relief hub also provides educational materials and resources to help borrowers on their journey to paying off their student loans.
