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Wu said that increasing the number of institutions represented on College Confidant will allow for better match-ups between confidants and high school students who use the Web site.
College Confidant also operates a related blog featuring posts on topics such as admissions essays, sculpting applications, and college life.
Confidants typically charge $10 to $20 per hour. The founders cited the low price as an important difference between College Confidant and other college counseling services, which can charge up to $2000.
Grousbeck comes from a family of entrepreneurs. His father co-founded Continental Cablevision Inc after college, eventually selling the company for $11.5 million.
Last Thursday, the Federal Reserve approved a host of new regulations intended to eliminate the unfair practice of unannounced debit and ATM card overcharge fees. This decision, slated to take effect next summer, is a long overdue measure that will undoubtedly protect customers—many of whom are college...