# Summer Summer is an other based in New York, United States. ## Overview - **Organization type:** other - **Headquarters:** New York, United States - **Region:** North America - **Address:** New York, United States - **Assets under management:** Undisclosed - **Website:** meetsummer.com - **LinkedIn:** https://www.linkedin.com/company/summer-inc ## About Summer is the only end-to-end student loan and education assistance solution that saves eligible employees an average of $45k and is proven to reduce turnover by 20%. As a Certified B Corporation, it has partnered with over 1,000 employers and partner organizations across the U.S. to generate over $2 billion in savings to date. It helps employers, government leaders, and individuals navigate federal and state student loan programs, reduce payments, and plan for college costs. ## Sectors - Education - FinTech ## People - Will Sealy — Founder & CEO - Dan Macklin — President - Ritu Tandon — Chief Operating Officer - Michael Scully — Chief Product Officer - Rich Williams — Chief Customer Officer - Jan Singelmann — Chief of Staff - Don Weinstein — Chief Innovation Officer - Mike Clementi — Advisory Board Chairman - Grace Ingram — Advisor - Maggie Ruvoldt — Advisor - Joe Bosch — Advisor - Dermot O'Brien — Advisor - Monica Pool Knox — Advisor - Cindy Olson — Advisor - Mike Theilmann — Advisor - Sarah Faltin — Principal Product Manager ## Questions ### Is Summer a lender? No. Summer does not originate or refinance student loans. It is an employee benefits platform that navigates existing federal and state programs — including income-driven repayment plans, Public Service Loan Forgiveness, and employer-paid contributions under SECURE 2.0 — on behalf of workers. The firm collects a per-employee fee from the employer, not the borrower. ### What measurable outcome does Summer deliver for employers? The firm states that participating employers see a 20% reduction in turnover. On the borrower side, Summer claims average savings of $45,000 per eligible employee, a figure derived from forgiveness amounts and reduced monthly payments processed across its client base. Savings figures are verified against actual Department of Education servicer confirmations. ### How does Summer generate revenue? Summer charges employers a flat fee per employee who receives services. It does not charge borrowers directly for standard guidance handled through the employer benefit. The company offers a money-back guarantee — if Summer fails to deliver savings to a participating employee, the employer does not pay for that individual. ### Which federal provisions does Summer operationalize as an employer benefit? Summer actively handles Public Service Loan Forgiveness processing, income-driven repayment plan enrollment, student loan default rehabilitation, and the SECURE 2.0 provision that allows employers to match student loan payments with retirement contributions. It also administers employer-paid contributions — up to $5,250 per year tax-free — directly toward employee loan principal. ### Is Summer a public benefit corporation? Yes. Summer is a Certified B Corporation, meaning its governance documents commit it to a social purpose — reducing the student debt burden — alongside generating returns. This legal structure constrains management's ability to pivot away from the borrower-first model in pursuit of higher margins. --- Last updated: 2026-08-11T15:08:11.274Z Canonical page: https://altss.com/profile/summer Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology