On Wednesday, crowdfunding platform GoFundMe announced the launch of its new college scholarship. The new scholarship will present 10 college or post-graduate students with $10,000 that will go towards tuition costs.
The funding portal revealed over few years students, teachers and parents have turned to its website to raise funds for education expenses, which include high tuition costs. It was also reported that more than $100 million has been devoted to education-related campaigns on GoFundMe and in the past year alone, $20 million has been raised for tuition.
While sharing details about the scholarship, GoFundMe CEO Rob Solomon stated:
“We know there are countless students out there who need help with the rising costs of college. At GoFundMe, we see incredible stories every single day of communities coming together to make sure students get the education they deserve. With the GoFundMe Scholarship, we hope to make these inspiring students’ educational dreams come true.”
To qualify for the GoFundMe Scholarship, college and postgraduate students must do the following:
- Step 1: Create a new GoFundMe campaign or update an existing campaign using the hashtag #GFMScholarship in the campaign description between September 21 and September 28.
- Step 2: Also in the campaign description, tell the GoFundMe community why the student should receive a $10,000 grant for their college tuition.
- Step 3: Share the campaign on social media and raise money from ten unique donors.
The funding portal went on to add that campaigns are eligible for the $10,000 if they are created by or for an undergraduate or graduate student at an accredited college or university in the United States. These initiatives can be created by students, family members, friends, professors, or anyone who knows a student in need. They must be raise the funds from at least 10 unique donors.
