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Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. [2] The company was launched in 2006, and began trading publicly on the New York Stock Exchange in November 2013.
On 3 June 2014, Chegg announced that it purchased InstaEDU for $30 million in cash, and that it planned to keep the InstaEDU service active as part of the purchase. [6] In 2017, Chegg partnered with Sallie Mae to provide student borrowers access to Chegg Tutors. [7] In late 2020, Chegg announced that Chegg Tutors would be discontinued in 2021.
Chegg's 2024 first quarter revenue of $174.4 million was down 7% compared to the same period a year prior and down nearly 14% from the first quarter of 2022.
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Student of Fortune was located in Los Angeles, California, and was privately held, having taken no outside investment funds. [2] The firm was acquired by Chegg on August 19, 2011. [ 5 ] On July 15, 2013, Chegg announced that it would close down studentoffortune.com on August 15, 2013.
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Income-contingent repayment is an arrangement for the repayment of a loan where the regular (e.g. monthly) amount to be paid by the borrower depends on his or her income. . This type of repayment arrangement is mostly used for student loans, where the ability of the new graduate borrower to repay is usually limited by his or her inco