ELMHURST – The Elmhurst startup that helps students pay for college loans has awarded its first payment.
On Feb. 27, founders of BrowseU Michael Scudder, 24, and Joe Roberto, 24, delivered a $500 check to University of Kansas student Craig Compton. This payment is then made directly to the lender of his choice.
"I feel very blessed, this is all surreal," Compton said in a news release. "BrowseU is such a unique company and I've never seen anything like them before. One day I was on Twitter, tweeting about them and the next they were driving down here to give me a check."
Compton is studying neurobiology and has plans of going to med school. The $500 check provided by BrowseU will cover three months of loan payments for Compton.
"BrowseU came through and and helped me out financially," Compton said in the release "I won't have to pay any loans for the rest of the semester."
Scudder and Roberto launched the company in October 2015. BrowseU is a search engine that aims to help solve the national student problem by sharing advertising revenue with users.
The BrowseU search engine the same as Google or Bing: users enter keywords and BrowseU produces results from the web. To take advantage of the ad revenue sharing program, people have to register, and they are then placed in line, referred to as the queue.
People receive the money for student loans when they reach the first spot in line. Once he or she receives the funds, each user is bumped up one spot in the queue.
"If all else fails and we only fund [Compton], it has been a success in my book," Roberto said in the release."
"We were very excited about delivering our first check," Scudder said in the release. "Now after meeting Craig I'm even more excited to help as many people as possible."
Roberto and Scudder have been friends for over 10 years and have worked together on many projects supporting each other to become entrepreneurs and business owners.