FORT WORTH, Texas – (BUSINESS WIRE) – Elevate Credit, Inc. (“Elevate”), a leading technology-driven provider of innovative and responsible online credit solutions for non-Prime consumers, today announced that its largest consumer brand, RISE, is the recipient of RISE Financial. named Progress Scholarship for the 2020 school year. The five selected students received US $ 3,000 each and attend universities in the United States.
To qualify for the scholarship, students had to complete an online financial education course developed in partnership with EverFi, a technology company that designs and develops educational software. In addition, students were asked to submit a 750-word essay detailing how they would like to apply the lessons in their personal lives. Recipients expressed a desire to improve their financial literacy and educate others about personal finances.
“Our goal is to help these students achieve their dreams while equipping them with critical financial skills that will serve them throughout their lives,” said Jason Harvison, chief executive officer, Elevate Credit. “We want to strengthen them by providing them with the knowledge they need for long-term financial success and independence.”
This is the second year RISE Credit is awarding this scholarship and plans to offer it again in 2021.
This year’s Rise Financial Progress Scholarship recipients are:
Ryson Cebriak, Gonzaga University
Jonathan Dinh, University of Texas at Austin
Melanie LeTourneau, University of Florida
Julia Lombardi, University of Pittsburgh
Robyn Thornton, University of Central Oklahoma
Designed for millions of non-Prime Americans who may not have access to traditional sources of credit, RISE not only provides access to credit, but its responsible lending features are also designed to help customers meet their immediate financial needs and their long-term development improve financial future. These features include fast loan approval, flexible loan terms, lower interest rates than other non-prime lenders, interest rates that can drop over time, credit bureaus, free credit monitoring, and financial literacy courses.
Elevate (NYSE: ELVT), along with the banks that license its marketing and technology services, has extended $ 8.6 billion in non-prime loans to more than 2.5 million non-prime consumers to date and its Customers over $ 7.6 billion versus the cost of payday loans. Its responsible, technology-enabled online lending solutions bring instant relief to customers today and help them build a better financial future. The company strives to reward borrowers for good financial behavior with features like interest rates that can drop over time, free financial training, and free credit monitoring. Elevate’s groundbreaking credit products include RISE, Elastic, and Today Card. For more information, please visit http://www.elevate.com.