Savingforcollege.com has acquired TheCollegeMonk.com, a university search portal that guides students through the college selection process, providing detailed information about colleges, courses, scholarships, student loans and career opportunities.
Founded in June 2019 in Newark, Delaware, TheCollegeMonk stated it is now accessed by more than a million users each year.
Miami-based Savingforcollege.com helps people to plan their savings for college tuition. It compiles and analyses data, and creates content and tools to provide parents, financial professionals and state agencies with information to help them understand how to meet education costs.
Marcos Cordero, founder and chief executive of Savingforcollege.com, said: “We were impressed by what TheCollegeMonk has accomplished in such a short period of time, and we’re thrilled to add the site to the Savingforcollege.com family. This acquisition gives us the organic distribution capabilities to share our expertise with a broad audience of over a million students, parents and universities.”
Upneet Grover, founder of TheCollegeMonk, added: “Important college decisions – like selection, funding and courses – aren’t made in isolation. We believe these are all connected, and that the information needs to be housed under a single roof. That’s how the platform was born, and we’re happy to find the right home for TheCollegeMonk with Savingforfollege.com.
The deal size was undisclosed, but confirmed as an all-cash deal.
Date published: 31 March 2021