Portland startup helps colleges reduce student ‘melt’ rates by using technology to combat isolation

December 5, 2018

Nearpeer, which was founded in 2017, claims its summer 2018 rollout at the University of Maine in Orono helped reduce melt by 16% and increase first-year tuition revenue by $500,000.

(Reprint from Maine Startups Insider 12/2/2018) – Colleges and universities lose out on millions of dollars in tuition revenue each year as a certain percentage of incoming students never actually show up on campus in the fall—whether because of financial worries, fear, loneliness, or just plain apathy, they simply melt away. Read more here.