MINNEAPOLIS--(BUSINESS WIRE)--Esqyr, an online test prep startup that launched this summer, has announced it will donate a portion of its profits to law students to Law School Transparency, a think tank based in North Carolina.
“Law School Transparency is a powerful advocate for reforms that reduce debt,” said Chris Henjum, co-founder of Esqyr. “Its push for improved accreditation and transparency is the sort of systemic change needed in legal education.”
Esqyr is the first and only test prep company that is also a public benefit corporation. Each year, Esqyr will donate 15% of profits on sales to law students to an organization that seeks to reduce and/or prevent student debt. Through a combination of accounts donated to law schools and profits donated to organizations, Esqyr will donate 20% of its profits to tackling student debt.
“I experienced first-hand the difficulty of financing the enormous cost of studying for the bar exam, and that’s why Esqyr is squarely focused on providing affordable, credible test prep to students,” said Henjum.