|Money and Finance Because you have to save money to spend it on new paintball stuff!|
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|09-01-2016, 10:04 AM||#1 (permalink)|
Microscholarships and College Funding
This morning at an office meeting these were discussed.
I'll point to https://www.raise.me/ as an example but it's not the only one.
What I like.
With little work this kind of thing could motivate kids to take high school more seriously. It can also make "Higher Education" seem more achievable for someone on the fence.
A word of warning.
Don't put too much faith in it being extra money. The way some institutions structure things the more you bring in scholarships the less they give you in financial aid, they are just promising you some of it earlier than they normally would tell you about it. Meaning depending on where you are looking these might not change your out of pocket costs or reliance on student loans.
Does that mean it's a scam, no, but it's more informational and motivational than financial. At an institution that structure things this way you simply find out about the money earlier rather than later.
The REAL Financial value is in if it motivates a kid to do better in school then they will get more financial aid and scholarships. as example the difference between a 2.5 and a 4.0 merit scholarship at one institution that I know of is about $4,000-$5,000 a year or over $16,000 right off the top, just from that one source.
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