Ed-tech wins Gates Foundation funding for access work

  • October 18, 2021
Ed-tech wins Gates Foundation funding for access work

Ed-tech non profit co-founded by Greg Nance wins a $980,000 grant from the Bill & Melinda Gates Foundation

Since our founding, we have strived to create meaningful change and impact across the country.

Greg Nance

An ed-tech non-profit co-founded by a Gates Cambridge Scholar has received a $980,000 grant from the Bill & Melinda Gates Foundation to develop its free college affordability tool.

Moneythink, co-founded by Greg Nance who is also its Board Chair, says the money will help it to accelerate the development and reach of DecidED, its free college affordability comparison tool to help underrepresented students achieve college success.

Moneythink CEO Joshua Lachs described DecidED as a tool which “enables students to accurately determine which schools offer the best value and create responsible plans to pay, setting them up for college and life success”. It brings together financial aid data and provides transparent information about college costs. It also helps students to build long-term financial wellness habits to avoid them falling into debt.

“With this tremendous boost, we are thrilled to enable Moneythink’s ability to develop and deploy its DecidED tool into its next phases of evolution,” said Greg [2011], who did his MPhil in Management at the University of Cambridge. “Since our founding, we have strived to create meaningful change and impact across the country. This opportunity brings us an important step closer, fuelling our tech-enabled tools for individual students and college advisors while aggregating critical data to inform system-wide decisions that put students in the driver’s seat.”

Since it was set up in 2008, Moneythink’s youth-focused financial capability work has helped more than 33,000 high school students across the US. It has received national recognition, including Capital One’s 2020 Give Back Nonprofit of the Year Award, Goldman Sachs’ Impact Challenge Fan Favourite Award and White House Champion of Change Award under President Obama. Moneythink has also collaborated with leading design and behavioural science firms, such as Ideo.org, Ideas42, PwC, and Fast Forward.

*Picture credit: Moneythink

Latest News

Scholars address sustainability at internal symposium

Five Gates Cambridge Scholars will take part in an internal symposium this week, discussing research on sustainability issues ranging from legal avenues to tackle the climate crisis to educational resilience. Each scholar will outline their research at the symposium on 1st December. They are: Jillian Sprenger [2021], who is doing an MPhil in Environmental Policy, […]

‘Heritage is not just about monuments’

Heritage studies tend to be based on Western models and case studies, with a lot of emphasis on monuments and tangible artefacts. “That’s quite a Western lens,” says Stanley Onyemechalu, who has just started his PhD at Cambridge. “I argue that Archaeology in a lot of the global north is obsessed with material things, but […]

New model developed for understanding biomolecular condensates

Our planet contains an outstandingly diverse population of species, from plants and animals, to microbes and viruses. Yet not all species are found everywhere, but rather, smaller subsets of them occupy different geographical regions, creating a wide-range of co-existing microenvironments that thrive under different climates and function in unique ways. The same can be said […]

Scholars win White House Fellowship

Two Gates Cambridge Scholars have won prestigious White House Fellowships meaning they will work full time for White House staff, Cabinet Secretaries and other senior government officials for a year. Tom Barron and Victoria Herrmann are among the 19 Fellows on the programme, which was set up by President Lyndon B. Johnson in 1964 with […]