Last week, I introduced you to Do Good for Debt, an organization that partners individuals with student loans leftover from their educational pursuits with charities that are willing to pay off students' debts in exchange for good deeds. While that may be a helpful way for former students to get back on their feet and start their lives without the burden of financial restraint, there's no denying that it takes away from the philanthropist attitude; so today I will outline another business that helps students overcome the financial repercussions of pursuing a post-secondary education. Gradefund offers a sponsorship-style system, that rewards students for their good grades, that way the better they do, the more corporate sponsors they'll have behind them to pay off their debts before they even have a chance to accumulate.
Gradefund does what they do to provide students the opportunity to pursue their educations, and focus on achieving grade standings without having to worry about the financial repercussions, which may cause them to overburden themselves with stresses while trying to manage an educational workload and a job to help pay the bills. With over 16,000 student members participating in Gradefund's program to date, many of whom are supported by some leading corporations and independent investors; Gradefund is helping students get a stress-free education, provided they maintain their good grades.
In order to join Gradefund's program, students simply need to sign up, upload a transcript from their educational program and wait for the investors to provide sponsorship. Gradefund sponsors can set how much they'd like to provide the students they sponsor for each A or A+ that appears on their school transcripts. Sponsors can also choose to support students who study within a certain discipline, and can select individual students who they'd like to provide financial aid to.
When funds are received from Gradefund's sponsors for good grades, they are either provided to the student or directly to the educational institution to pay the bills, and unlike with Do Good for Debt, students are not being paid for work that should typically be completed by volunteers; they are being sponsored to do only what they've signed up for by studying, working hard, and attending their classes.