CollegeVine Closes 2018 as the Largest Marketplace for College Advisory Services in the U.S.

CAMBRIDGE, Mass., Feb. 26, 2019 /PRNewswire/ -- Today, CollegeVine, the leading provider of data-driven high school guidance and college admissions advising, announced a major milestone reached in 2018, making it the largest marketplace for college advisory services in the country. The company has now helped over 10,000 students navigate the path into the college and has over a million data points to power and propel their technology forward in 2019.

"CollegeVine is addressing the increasingly significant college guidance gap in U.S. public high schools where the average student typically receives 38 minutes of guidance over four years," said Jon Carson, CollegeVine CEO. "That alarming statistic, coupled with the fact that this is the one of the biggest financial decisions most families make, allows CollegeVine to provide students with the tools to navigate the high school to college journey. In addition, the technology we released in 2018 also helps them determine schools with the best return on investment for each families' unique needs."

This year, counselors in CollegeVine's ecosystem used technology powered by more than a million data points from past students, resulting in:

• Unparalleled admissions results: 74% of CollegeVine were students accepted to one or more of their top three reach schools. Additionally, CollegeVine students experienced a 3x higher likelihood of getting accepted to a top school relative to their peers. 
• Increased Early Action/Early Decision Acceptance: CollegeVine EA/ED acceptance rate was 3.5 times higher than the market rate for top 15 schools; and 2.5 times higher than the top 30 schools.
• A record amount of scholarship funding for clients for a second straight year: CollegeVine clients received an average scholarship award of roughly $83,000 during the 2017-2018 admissions season -- an increase of $15,000 year over year.
• Recognition as leaders in the college admissions space: Data and insights recognized in top-tier media including Business Insider, CBS, Forbes, Fox News and NBC.
• The launch of CollegeVine Applications^™ Platform: CollegeVine released its end-to-end college advising platform including data-driven school list generation, deadline management, and predictive career ROI tools.
• Expansion of HQ staff and management team: Added 35 new employees at its Cambridge headquarters and strengthened the management team by adding Scott Powers as Chief Financial Officer and Rob Merklinger as Senior Vice President of Enrollment.
• Record customer satisfaction: 91% of families' say they are "extremely satisfied" with CollegeVine's admissions services; 89% are "extremely satisfied" with their re-launched SAT advising platform.

"Getting help from CollegeVine to get us organized and know what we needed to have before we applied was essential," said Bety Gegundez, the mother of a CollegeVine student.

"If we approached it on our own, we probably would have missed two or three schools we never would have thought about," Christopher Arnold, the father of a CollegeVine student.

"In 2019, the growth in our counseling ecosystem will fuel more data insights, higher quality counseling, and improved student outcomes," said Carson. "Simultaneously we will be expanding our offerings to younger students with the launch of some free tools to get families started in the right direction in this process, as early as possible."

About CollegeVine
CollegeVine is a technology platform that enables high school families to navigate the college admissions process using data. With software powered by millions of past student data points, CollegeVine intelligently analyzes colleges based on students' odds of acceptance and recommends the highest ROI schools to minimize debt and improve career outcomes. Families can also choose to receive personalized guidance from an ecosystem of hundreds of expert admissions consultants recruited from the nation's top universities. Consultants use CollegeVine's guidance technology to triple their clients' odds of acceptance and increase their average scholarship awards by $25,000. With a data-driven model that enables affordable, high quality advising to families, CollegeVine has helped over 10,000 students navigate the path to college. For more information, visit www.collegevine.com.

Contact: Francy Wade, 857-891-2715, [email protected]

SOURCE CollegeVine

Related Links

www.collegevine.com

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