Earnest And Going Merry Join Forces To Expand Access To Free Scholarship And Financial Aid Tools For Students
SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- Earnest, a fintech company dedicated to making higher education accessible and affordable for everyone, today announced the acquisition of Going Merry, a one-stop financial aid platform where students match to and apply for scholarships, institutional aid, and government grants through a single free application.
Going Merry's robust library of financial aid tools will be available alongside Earnest's existing platform of student loans and student loan refinancing offerings to bring more financial aid opportunities, budgeting insights, and financial aid comparison tools to students and borrowers.
"Going Merry's mission to give every student equal access to life-changing education aligns perfectly with Earnest's mission to make higher education more accessible and affordable for everyone," said Going Merry CEO Charlie Maynard. "Joining forces with Earnest will enable us to expand our services, reach more students, and help them make more informed decisions about their financial futures."
Going Merry is used by students at over 50% of high schools across the U.S. Since its founding in June 2017, it has helped students secure nearly $100 million in additional financial aid by simplifying the application process. Its free software makes it faster and easier to apply for scholarships and grants, enabling students to submit nine times as many applications as the national average. In addition, 1 in 5 high school counselors use the Going Merry platform today to manage local scholarships and support their students' financial aid progress.
As well as connecting students with financial aid options, Going Merry provides tools to analyze financial aid offers, compare the true cost of different colleges, budget for various costs associated with a college degree, and learn more about student loans, repayment, refinancing, and more. These tools, combined with Earnest's industry-leading lending products, will accelerate Earnest's charge to help students start on the right financial trajectory sooner.
"Navigating the world of higher education and financial aid can be intimidating, and it has only become more complex throughout the course of COVID-19," said Earnest CEO David Green. "Now more than ever, it's important that students have the right easy-to-use information at their fingertips. This acquisition represents an important step forward in helping students reduce the total price tag of their education. We are delighted to welcome Going Merry to the Earnest family and look forward to working together to make finding the right financial options even easier and more accessible to every college-bound high school student."
For more information about Earnest, visit www.earnest.com.
For more information about Going Merry, visit www.goingmerry.com
About Earnest
Earnest is a fintech lender focused on education finance, whose mission is to make higher education accessible and affordable for everyone. Founded in 2013 on the belief that financially responsible people deserve better options and access to credit, Earnest's lending products empower anyone seeking higher education to reduce the total price tag of their education, supercharge their ability to pay down student debt, and get on the right financial track fast. Earnest is a subsidiary of Navient (NASDAQ: NAVI). Learn more at earnest.com.
About Going Merry
Going Merry is a financial aid platform used by students in 50% of US high schools. It gives students one place from which to apply to government grants, private scholarships and institutional aid. Founded in 2017, it has helped students receive close to $100 million in additional financial aid. Its team comes together from different backgrounds and skill sets but shares the same mission: to give every student truly equal access to life-changing education.
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SOURCE Earnest
