Innovative teens use crowdfunding to pay for college
August 27, 2013
These days, it seems like the majority of jobs are hard to obtain unless applicants have bachelor's degrees at the very least. Despite the widespread call for this type of qualification, earning a degree can be difficult for the sole fact that paying for college is tough. Unless students are from a well-off and generous family or they qualify for financial aid, a degree can come with a price tag of hundreds of thousands of dollars.
Some innovative teens are using crowdfunding strategies to raise money a little at a time. Fox Business reported using an online donations solutions can be a more attractive option than incurring staggering debt. The source stated that there are specific platforms cropping up for those who want to use crowdfunding just for academic purposes, like InstaGrad and YouveGotFunds.
Millionaire Corner explained that many of these ventures require regular updates from the students once they enroll to show donors that their money is being put to good use.
This serves as a great example of how using crowdfunding strategies can yield success for nonprofits. Many individuals have a presence on websites like Indiegogo and Kickstarter and are looking to put their money to good use, so if charities attempt to fundraise on similar platforms, they'll likely see some aid given.
As foundations tap into emerging digital channels to raise funds online, they can benefit from nonprofit fundraising software that tracks incoming donations and quantitatively measures the success of their efforts.