Case Study

Edquity Case Study: Supporting Students with Innovative Emergency Aid

Each year, millions of college students struggle to stay in school not because of academic difficulties, but because of financial challenges. The Financial Health Network is dedicated to furthering solutions to help improve student financial health and increase academic success. In this case study, we explore how Edquity – an innovative student support app – is working to reduce the number of students who dropout of college because of a financial emergency of $500 or less.

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By Financial Health Network

Category:

Market Analysis, Student

Wednesday, May 6, 2020

Edquity Case Study: Supporting Students with Innovative Emergency Aid

Top Takeaways

Edquity connects students to critical resources through a targeted approach to financial aid. By identifying student financial health needs, colleges and universities can offer holistic interventions – like Edquity – that help students succeed financially and academically.

Each year, 3 million students drop out of college because of a financial emergency of $500 or less.

The number of emergency aid programs has grown eightfold since 2016, signaling that schools recognize the importance of providing student emergency financial resources.

Edquity uses tech to simplify the aid approval process, which traditionally takes days or even weeks.

Edquity collects data that enables school administrators to track their students’ financial health and identify students in need quickly.

Data Spotlight

Seven colleges in the Dallas County Community College District (DCCCD) are currently using Edquity, where it’s connecting students with much-needed support and helping to lower administrative costs. And the demand continues to grow.

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Our Supporters

This research is generously supported by the MetLife Foundation.