Sequoia backed a startup tackling the college affordability crisis - Business Insider

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Steph Curry and Zoom CEO Eric Yuan just backed her college financing startup, and now this immigrant founder is tackling students' financial hardships brought on by COVID

reached a boiling point. Many students have struggled to justify the sky-high costs of tuition now that the entire college experience has moved online while many universities haven't budged on the costs. This disconnect has left many students wondering what the value of a college education really is, Yahyaoui said.

"Students are seriously suffering during this period and many have lost their income or their parents have lost their income, which means they are eligible for more financial aid," Yahyaoui said. Yahyaoui didn't get into any universities she applied to the first time around. As a Tunisian student, she didn't meet the requirements to study abroad. But after leading an active role in the Arab Spring in Tunisia, Yahyaoui was suddenly an internationally recognized face.

But Yahyaoui still struggled to understand why she was being paid to attend when she so recently struggled to be accepted, let alone qualify for financial assistance. By 2017, she started building the tool that would eventually become Mos by collecting all the information on government-funded scholarships and financial aid packages in a single webpage.

"There are two areas of thought on what comes next," Yahyaoui said. "Some people think 'Oh colleges are dead, no students will go back, and everyone is doing a coding bootcamp instead,' and that's not true or possible. Others think colleges can still bill $100,000 a year and it will be business as usual and in two years this will be forgotten.

 

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