"This is for you if you are a parent who is worried, overwhelmed, or stressed out about how to pay for your children's college."
Free Book & Special Bonuses
$80,000 Student Scholarship Program
15 Minute Scholarship Maximization Check-Up
FREE Copy of Book Paying Less for College
True Price by Household Income Calculator
List of Over 78 Student Scholarships
5 Paying Less for College Webinars
Most Generous Colleges Report & List
Colleges That Pay You Back Report & List
Certificate for One Free Group Presentation
SAT Changes Summarized Report
Complimentary Tax Savings Analysis
"Protect My Assets" Review & Analysis
$80,000 Student Scholarship Program
NEW! STUDENT SCHOLARSHIP PROGRAM
Enroll Your Child in New Program Backed by UPENN, Facebook & the Bill & Melinda Gates Foundation. Great Motivation for Them to do Better in School and Save Thousands of Dollars.
September 18, 2015
High Schooler Earns $80,000 For College: No Job Required
Startup develops program that allows high school students to start banking college scholarship money.
What's the catch?
The money is tied to students' individual achievements. The better they do in school, the more engaged they are with their communities, the more money they earn from Raise.me's college partners.
There are 76 colleges on Raise.me's platform, including Penn State, UMass and Tulane. Raise.me cofounder Preston Silverman hopes to increase that to 100 colleges by the end of the year.
As long as students meet the college's GPA requirements, they can start earning money from as many as they choose -- between $500 to $1,000 per achievement. Students don't get the money until they are accepted to one of the colleges.
Abby Saxastar raised $80,000 on Raise.me, which will fully cover her tuition at Stetson University, a private college in central Florida.
"I've always been very successful in school and I've also done a lot of volunteer work," said Saxastar. "But I still had to figure out how to pay for college."
Saxastar learned about the program a few months before she graduated high school in June, but the program allows students to retroactively include information. So even as a senior, Saxastar could log her grades and activities for the past four years.
"My family is digging through some debt and taking out loans for my other expenses," she said. "So getting this scholarship has been amazing."
Saxastar is one of 60,000 students from 5,000 high schools who have signed up with Raise.me since it launched in August 2014. The startup has received funding from the Bill & Melinda Gates Foundation and Facebook.
Colleges committed a total of $1 billion in scholarships in the first year, but Silverman said there isn't data on how much of this was actually paid out to students. The goal is to make scholarships available to students who may not otherwise pursue them.
"Most scholarships today are awarded at the very end of high school. It's too late to influence a student's college search and application process," he said.
Silverman said colleges are on board because it helps them reach students much earlier in the selection process.
Beatriz Zayas is head counselor at the Southwest High School in El Centro, California, a city on the border with Mexico and Arizona. It's a predominantly rural area, and 90% of the 2,100 students are Hispanic.
"A high percentage are from low-income families, but we're hoping they will become first-generation college students," said Zayas.
Raise.me could become a critical part of that. There are 60 students at Southwest currently enrolled in the program. Zayas said they opted to focus on a small International Baccalaureate class first, in order to provide the necessary support.
"It's putting good colleges on the radar of families who wouldn't have known about them otherwise," she said.
Although Raise.me doesn't target a specific demographic, Silverman said 49% of students on the platform are from low-income families.
A few colleges, including Florida International University, are even offering scholarships specifically to these students.
The university plans to partner with Raise.me this year to target low-income Florida high schools.
"With many first-generation families, their socioeconomic barriers prevent them from taking advantage of a lot of things," said Luisa Havens, vice president of enrollment services with Florida International University. "Raise.me is perfect way to give them access to opportunity."
Rensselaer Polytechnic Institute supports the efforts to reach and motivate bright students for whom micro-scholarships will turn a college education from a dream into a reality. - Vice President for Enrollment and Dean of Undergraduate Admissions
University of Rochester is excited to use micro-scholarships as a way to connect with and motivate students earlier in high school. We believe this innovative approach to scholarships will benefit students and colleges across the country. - Dean of Admissions and Financial Aid
The University of Delaware is proud to future and support bright students who dare look to the future and see themselves as scholars. - Director of Admissions
Tulane University is looking forward to awarding civically-engaged high school students who are also leaders in their schools and communities. - Associate Vice President for Enrollment Management
Notre Dame of Maryland University is thrilled to encourage and future promising students, particularly young women, who might not otherwise consider attending college. This program has the potential to identify and empower future leaders who will change their communities and the world. - Vice President for Enrollment Management
University of Dayton is excited to bring more transparency to college pricing and help students from all backgrounds better prepare for a rigorous college education. - Vice President of Enrollment Management and Marketing
DePaul University - For many students, early information about scholarships and financial aid can make a dramatic difference in their goals and aspirations. We at DePaul look forward to encouraging the dreams of many aspiring students via our partnership - Associate Vice President for Enrollment Management
Marist College believes the scholarship program is a unique and innovative way to connect students with Colleges and Universities that recognize their special talents and achievements, while providing them with a great opportunity to make higher education more affordable. - Vice President for Enrollment Management
Worcester Polytechnic Institute is very excited to be working with the scholarship program. We see this as an opportunity to assist students from across the country with access to education. We are especially pleased with the structure of the program, tying high school academics, leadership and community service to scholarships. - Dean of Admissions
Cedar Crest College believes our partnership will provide young women with a path to college that recognized academic and personal success. We are excited to recognize academic achievement, community service and leadership through the micro scholarship program. - Vice President of Student Affairs
New York Institute of Technology is dedicated to providing access to opportunity to all qualified students. Through this innovative micro scholarships program, students from different backgrounds will become engaged, motivated and supported to academically and personally pursue their future goals. - Associate Dean of Admissions
Lewis & Clark College is eager to support enterprising students early on in their academic journeys. - Dean of Enrollment and Communications
Loyola Marymount University is excited to use micro-scholarships to reward academically ambitious students committed to lives of meaning and purpose. - Vice Provost of Enrollment Management
University of Massachusetts Lowell has partnered to use this unique micro-scholarship program to encourage and reward high school students engaged in behaviors that are conducive to success in college. - Vice-Provost for Enrollment & Former Dean of Engineering.
It is shocking that more families aren't participating in these scholarship programs. Families and students can easily save hundreds of thousands on college tuition. If they don't use them however, the worst that happens is that they'll get emails from colleges.
We have rolled these programs out to my accounting firm's 2,000 clients. Parents save tons of money on the cost of tuition. Kids are motivated to work harder in school when they instantly see how much each activity earns them. We get to advise families on how to best position themselves for financial aid and protect their income and assets from colleges and government taxes.