If it comes as a surprise to you that Americans owe $1.3 trillion in student loan debt, you might be even more surprised that $2.9 billion in students grants goes unclaimed because of the complex financial aid process. Moreover, financial anxiety is one of the top reasons for 30% of the students to drop out from college. Seeking to help students and equip them with financial knowledge, Kelly Peeler launched NextGenVest, a team of educators and students with over 200 Money Mentors nationwide.
NextGenVest started helping students reduce student loan burdens by partnering them with a mentor over text message and quickly added Snapchat as its key channel.
NextGenVest launched the Snapchat channel in 2016 targeting high school and college students. It quickly became the cheapest way for one to go on a college tour as students from colleges all over the country started doing NextGenVest Snapchat takeovers.
NextGenVest is a for-profit venture launched by Kelly Peeler. While the financial advice money mentors share over text and Snapchat is free for students, Kelly Peeler has also created a financial literacy curriculum that is now licenses to high schools across the United States.
If you are interested to learn more about NextGenVest, watch this TEDx Talk by the Founder and COO Kelly Peeler.
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