Is GoFundMe College Funding Going Too Far?


March 14, 2017 10:49 AM
by Susan Dutca
Although many students admit they're embarrassed to ask for money, crowdfunding has proven to be successful for students with the help of friends, families, colleagues and even strangers.

Although many students admit they're embarrassed to ask for money, crowdfunding has proven to be successful for students with the help of friends, families, colleagues and even strangers.

America's education debt is no joke. With a $1.3 trillion debt crisis, the average student in the Class of 2016 having $31,172 in student loan debt, and over 3.8 million students defaulting on their loans, students have turned to crowdfunding options such as GoFundMe. While GoFundMe charges a 5% fee for each donation in addition to a 2.9% processing fee, the fees are "subtracted from the campaign total, rather than being tacked on." Even with the fees, some students have still managed to raise over $20,000.

One immigrant student, Carlos A. Roa Jr. raised over $12,000 and graduated with a degree in architecture from the Illinois Institute of Technology. Another student actually created a GoFundMe campaign for her roommate, Daniella, when she found out she had to drop out of Texas A&M until she could afford it. Daniella was able to receive $3,500 in donations in five days. Fred Gaddy's mother set up a GoFundMe for her son and raised over $6,000; enough to let him return to class and get one step closer to graduation.

To help students navigate the crowdfunding option, GoFundMe created a guidebook. GoFundMe CEO Rob Solomon stresses that crowdfunding shouldn't "replace financial aid and scholarships, but as a 'complement'". Critics, such as Washington Post columnist Michelle Singletary, believe that, though trendy, crowdfunding "ignores the root causes of problems and instead funnels money only toward people with compelling narratives." Do you think crowdfunding is a good source for paying for college? Why or why not?

Just because there are millions of college scholarships out there doesn’t mean you have time to go searching, and many won’t even match your profile. We’ve done the work and Scholarships.com is totally free. We have the search algorithms and scholarships database, saving you time in searching, finding and applying to thousands of dollars in college scholarships. Get instantly matched to scholarships that meet your unique talents, skillset and strengths, only those you qualify for. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 

pamelal  on  4/27/2017 7:30:03 PM commented:

No it is not going to far I have a gfm page set up if you would like to donate

Zyanna D.  on  3/14/2017 4:51:40 PM commented:

GoFundMe can is a good source to pay for college because just like for scholarships, you may have to write an essay explaining why you think you deserve that scholarship. People then read your essays and choose who to give the money to. Through social media's, your audience are your peers and you need to find a way to convince them to give you money. Therefore if you write a really compelling essay, you're more likely to get more money. Same thing with scholarships, based on your writing skills, will determine the amount of money you receive.

Trace F.  on  3/14/2017 3:16:46 PM commented:

Er. This article explicitly mentions that the root problem is no crowd funding itself, and then goes on to question its use. When the rest of the system is unreliable and not supporting students as it should, are we meant to demonize one of the only effective support systems instead of demonizing an infrastructure designed so that students have no stability and their futures are constantly threatened by debt? This is a terrible post and entirely vapid. I can't imagine it was entirely thought through.

A professor from The University of Akron had planned to boost his females' grades a level or two as part of a national movement to encourage female students to go [into] information sciences. A university provost stated that, although the intention may be laudable, it was unacceptable.

Professor Endeavors to Adjust Grades Based on Gender

May 22, 2018 4:14 PM
by Susan Dutca
A professor from The University of Akron had planned to boost his females' grades "a level or two" as part of a "national movement to encourage female students to go [into] information sciences." A

    Summer break is here for most students and so are these sizzling summer scholarships for those who want to take advantage of their spare time this summer and earn money for college. Since you don't have to deal with homework and tests for the next couple of months, we strongly encourage you to apply for scholarships and kick-start your financial aid for next semester. See how much money you can save and student loan debt you can skirt by applying for and winning college scholarships this summer 2018. Begin your search with the summer scholarships listed below or get a personalized list of scholarship matches here.

Sizzling Summer 2018 Scholarships

May 21, 2018 11:28 AM
by Susan Dutca
Summer break is here for most students and so are these sizzling summer scholarships for those who want to take advantage of their spare time this summer and earn money for college. Since you
 Photo credit: Miami Herald 

The University of Florida is issuing apologies for the way some black students were handled during a recent commencement ceremony. While doing some short dances or jumps on stage upon receiving their diplomas, some say that a white usher was inappropriately aggressive when rushing the graduates across the stage, suggesting that he was motivated by race because the students were black.

University Usher Gets Physical With Grads

May 8, 2018 10:31 AM
by Susan Dutca
Photo credit: Miami Herald The University of Florida is issuing apologies for the way some black students were handled during a recent commencement ceremony. While doing some short dances or
 Photo obtained by ABC News.

A gun-toting Tennessee college senior showed her support for President Trump and guns while holding her shirt up to reveal her handgun in her graduation photos to show who [she is] as a person. The photo, which went viral on Twitter, gained both positive and negative feedback - some of which claimed she was brandishing a firearm for a photo shoot or showing it off to try and look cool.

Gun-Toting College Girl Faces Backlash for Grad Photo

April 10, 2018 11:05 AM
by Susan Dutca
Photo obtained by ABC News. A gun-toting Tennessee college senior showed her support for President Trump and guns while holding her shirt up to reveal her handgun in her graduation photos to