Summer provides education and student loan assistance solutions to hourly and gig workers, as well as to employees through employer partnerships in the financial wellness space. Its platform enables employers to offer turnkey tuition reimbursement programs and smart tools for contributing to student loans, integrated with an admin dashboard that lets employers measure program effectiveness. The product works by guiding users through income-driven repayment plans and Public Service Loan Forgiveness, with tailored support for debt reduction and education benefits. A key differentiator is its employer-centric model and focus on gig/economy workers, delivering turnkey benefits and measurable impact via an admin interface, rather than generic consumer financial products. Summer’s goal is to reduce student loan debt and improve overall financial wellness for workers by embedding these tools into employer benefits packages and helping tens of thousands of members save money.
Company Size
51-200
Company Stage
Early VC
Total Funding
$32.8M
Headquarters
New York City, New York
Founded
2017
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