College Raptor, a college planning platform based in Iowa City, announced yesterday that it has been acquired by Citizens Financial Group.
Founded in 2012, College Raptor matches prospective students to schools based on both academic and financial fit. It offers content and tools to help prospective students evaluate and select a college, including side-by-side comparisons of estimated aid packages, as well as campus match scores and admission chances.
“College Raptor’s mission is to empower students and their families as they plan their college journey, and this combination will deepen our capabilities while connecting users with a best-in-class financial partner,” said Bill Staib, CEO and co-founder of College Raptor in a news release. “Together with Citizens, we look forward to expanding our platform and offering families a richer and more valuable overall experience to help them realize their educational and financial dreams.”
Citizens Financial Group is an American bank headquartered in Rhode Island that offers personal and business banking, student loans and home equity products.
“The acquisition of College Raptor offers unique opportunities to engage with prospective college students and their families as they navigate the college search and selection process,” said Chris Ebeling, EVP and head of student lending at Citizens Financial Group. “This innovative platform further strengthens our ability to provide personalized advice and insights during this important stage of their lives, while also bolstering our commitment to financial empowerment. We are committed to providing our younger generation of customers with the digital support and services they need throughout their financial journey.”
The transaction is set to close in the fourth quarter of 2022. Upon the closing of the deal, College Raptor will operate as a wholly-owned subsidiary of Citizens Financial Group. The terms of the deal were not disclosed.
College Raptor is helping students make smart, affordable college choices