"Hi, I'm Sanya and I'm Sejal. We are sisters and we both attended college together. Fortunately, it was a good ride for us but prior to joining college we had been worrying if it was going to be easy. While College admissions itself is a challenging task, financing the college education is a different story altogether. And our story made it slightly more complex! 

We were born in the U.S. and spent our early days here but due to some personal commitments, our family had to move to India for a few years. We moved back after middle school and started living the American dream.

These movements at a tender age made us sensitive towards financial diversity. As teenagers, we wondered if our parents could comfortably fund our college education. We never asked them but did discuss some of these things with our friends and often landed in an idealistic debate about why money should come in the way of going to college. The hullabaloo about trillion dollar student debt literally scared us. 

As teenagers, we began to wonder if this problem could be solved? Could education be free? Could loan terms be easy? Or could there be something else instead of loans? These were tough questions and we wanted to believe that there has to be a way out. 

While researching about money spent on our education we came across a study by Brookings Institution that estimates that parents spend over $300,000 in raising a child to high school, which means that an average American High Schooler's net worth is already over $300,000. In terms of sheer investment, a high schooler is actually a societal asset - provided we are willing to buy that perspective. And instead of looking at students as assets we end up burdening them with loan debt. It’s a vicious cycle and through Coinsequence we intend to make a difference! 

We came up with an idea that if a student logs their time spent which we call Karma then she created a Karma value for herself. The process of logging karma, and all the associated tools help students manage their time well and build a reputation. Their karma reputation plays a key role in helping them be found by the investors. Here the term investors is not used for loan providers but for people who want to contribute towards lessening the debt burden of students. By doing this the platform helps build a world of goodness where we, as ordinary people, come together to solve our problems. 

The student who gets funded signs a smart contract, thereby getting into a karma debt. Karma debt is not a legal instrument. In fact, it is not even a real debt. There is no naming or shaming if one does not unburden oneself of the debt. It’s just a commitment that - If possible, I too shall do good. I too shall contribute towards unburdening some student, somewhere. This is not a sequence of actions and reactions but initiation of a perpetual cycle of giving which would help create a better world.

The platform aims to help all do-gooders, individuals and organizations, leverage technology to find exactly the kind of students one wants to support. This mapping happens through complex algorithms, aptly assisted by AI ML engines to ensure that even engagement is meaningful and outcome satisfying.

We are happy to share that the idea has now evolved into a tangible product. The excitement from the student community towards this unique product is very promising. It sort of confirms that we were thinking in the right direction. We hope you too will use the product and benefit from it. And if you're already using it, let us know how you feel about it. And if there's something we can change to make it even better!"