PHOENIX, AZ, NOVEMBER 7, 2019— CampusLogic, higher education’s leading student financial success platform, today announced that it ranked 81st on Deloitte’s Technology Fast 500™ a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America, now in its 25th year. During the four-year period from 2015 through 2018, CampusLogic’s revenue grew 1,639%.
CampusLogic’s ranking on the 2019 Deloitte Fast 500 list makes it the fastest-growing education technology company in North America. CEO Gregg Scoresby credits the company’s rapid growth to its sustained and continued focus on delivering higher education’s only cloud-based enterprise technology that drives student financial success, which is essential to achieving academic, and ultimately, career success.
“Billions of dollars are spent by colleges and universities each year on learning management technology and digital content, yet financial aid offices across the country continue to struggle with shrinking budgets, changing regulations, and manual, paper-driven processes that frustrate students and staff alike,” commented Scoresby. “By providing an intuitive, highly personalized user experience that guides each student through the critical steps within the college funding process, CampusLogic helps schools deliver up to a 10X return on investment through increased enrollment and graduation rates, as well as expanded administrative capacity and shortened cycle times.“
There are currently 36 million people in the U.S. who have earned some college credit but no degree, and estimates suggest most of those hold student loan debt. Additionally, more than 3 million students drop out of college each year due to financial constraints. Complexity in accessing federal and state aid, poor comprehension of financial aid communications, difficulty accessing relevant scholarship opportunities, and inability to address small cash shortfalls all cause students to drop out. CampusLogic transforms the way higher education delivers student financial success with the only integrated platform that combines sophisticated automation, personalized virtual advising via artificial intelligence, and actionable data visualizations to help improve student access, drive informed borrowing decisions, and increase student completion rates across higher education.
“One in four colleges and universities above 2,500 in enrollment are already partnering with CampusLogic—and more are adopting our technology every month. It’s gratifying to see the surge in schools that directly correlate ongoing strategic investments in student financial success to the overall success of both the institution as well as each student,” said Scoresby. “Our customers report that the improved experience provided through our technology platform helps them stay highly competitive in recruiting and retaining both students as well as financial aid staff, which validates that we are delivering on our mission of helping schools change lives.”