iGrad Partners with Columbia University to Combat Student Loan Crisis with AI-Powered Student Financial Wellness Platform

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Leading financial wellness company iGrad has partnered with Columbia University to provide a customized, interactive online and mobile financial wellness platform to the private Ivy League university’s students.
San Diego, CA, September 12, 2020 –(PR.com)– Leading financial wellness company iGrad has partnered with Columbia University to provide a customized, interactive online and mobile financial wellness platform to the private Ivy League university’s more than 40,000 students.
The iGrad™ artificial intelligence-powered financial literacy platform, currently used by more than 600 colleges and universities, launched to Columbia undergraduate and graduate students in November 2019. Columbia is the third Ivy League institution to adopt the platform, following Harvard University and Yale University (1)(2).
The initiative was launched by the Columbia University Office of University Life and the Student Financial Services office in response to its 2018 Columbia Student Well-Being Survey, which found that financial resources are a major concern for some students, according to an article in the Columbia Daily Spectator (3).
Research shows that financial literacy programs can lower student loan defaults, decrease financial stress, improve academic performance and teach students how to manage their finances for a lifetime.
Student loan debt is the second-largest category of debt in the U.S., ahead of credit card …

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