Summer, a NYC-based provider of an end-to-end workplace student loan solution, raised $9M in funding

Summer, a New York-based certified B Corp committed to addressing the national student debt crisis, raised $6M in Series A extension funding

HARTFORD, Conn.--(BUSINESS WIRE)--The Student Loan Fund and a coalition of unions, nonprofits, and government agencies working to help thousands of public service workers get their loans forgiven are partnering with Summer, a Certified B Corporation whose digital solution supports student loan borrowers, to make repayment easier for borrowers throughout Connecticut. Connecticut borrowers will now have two weeks of free access to Summer, which will help nonprofit and public sector borrowers take advantage of the limited Public Service Loan Forgiveness (PSLF) program waiver period, which expires on October 31. Connecticut borrowers participating in the partnership program with Summer hold an average of $79,456 in student loan debt per person, pointing to an important opportunity for relief. “We’re excited to partner with Summer on behalf of Connecticut borrowers to bring awareness to PSLF and give them the tools they need to get out from under the crushing burden of student debt,” said Student Loan Fund executive director Cristher Estrada Perez. “Winning forgiveness should be easier, and we’re proud that through this partnership, it will be. But borrowers need to take action before this free option runs out on October 15th. While student debt can feel like a personal challenge, it’s a public policy problem — one that disproportionately affects Black and Brown people. We’re incredibly motivated to change that dynamic.”