6/27/14

Mortarboarder - Crowd Funding for College

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As the parent of three children who are currently enrolled in college, I can tell you just how expensive it is to send children off to get a higher education. There are admission fees, tuition fees, room and board fees, book fees, parking fees, and much more. They'll also need computers, clothing, and backpacks. Their dorm room will need sheets, blankets, towels, a small fridge, cleaning supplies, laundry supplies, and the list goes on and on. According to the National Center for Education Statistics, the average tuition cost of a four year college in 1981 was $9554, and the average tuition cost of a four year college in 2011 was $23,066. In my own personal experience, student grants have tighter eligibility requirements than they used to, and student loan amounts just don't cover the cost of education anymore, unless parents are willing to mortgage their own future by taking out additional parent PLUS loans.
Recognizing that a college degree is important, but often difficult financially to attain, Mortarboarder was born out of a shared passion for creating access to education for everyone and anyone who wants it. Designed as a crowd funding program, it allows students to create a registry of exactly what they need for their college education and are matched with donors who can give towards their requests. “Mortarboarder is the pathway to college that so many students need to move their futures forward. By seeking and accepting donations, students on Mortarboarder have the opportunity to succeed without the burden of crippling student loans,” says CEO Praveen Srikanth. Whether a student needs help with buying course materials or covering tuition costs, Mortarboarder hopes to be an invaluable resource for students and parents as they navigate through the challenges of affording a college education.
If your child is considering college or already enrolled in college, I recommend you check out Mortarboarder and sign up for a free account. As a parent, I've already informed all three of my children that it would be in their best interests to create their own free account on Mortarboarder to help pay for their college education. Personally, it would be a welcome relief to my budget to have some help! Signing up is fast and simple. Personal information is private and protected. Tuition donations are sent directly to the college or university. Crowd funding works and through Mortarboard, your child could graduate debt-free!
For more information and to sign up visit www.mortarboarder.com.
Connect with Mortarboarder on Facebook and Twitter.
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3 comments:

  1. Wow thank you so much for sharing this. I'm going to school and my husband and I were just wondering how we were going to pay for the tuition for full time. I've been part time for the past year so that was easier to handle, but full time is quite a bit more expensive. I am signing up for this site and maybe I'll get some help! This is so nice to have available!!

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  2. Wow my son just graduated high school, thanks for the info!

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  3. That sounds really interesting. I'll have to find out if my step-kids know about that one.

    There are so many things coming out these days that it is hard to keep up.

    Thanks for posting about that one.

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