Cash for College: Helping High School Grads Find Money for School

Posted on 04/23/2013

Whether you go public or private, college is pricey. The College Board says a "moderate" college budget for an in-state public college for the 2012–2013 academic year averaged $22,261. And for a private college that figured nearly doubled to $43,289. Some high school seniors are getting very creative-- and high tech-- with their search for college cash.

Campus Slice
Take a slice out of your college tuition with Campus Slice. Personalize your profile and set a financial goal. Share your career plans and educational aspirations in order to encourage contributions. Invite supporters through social media and when your tuition bill is due you can request a payout from Campus Slice.
Students face high interest rates for student loans, but CommonBond can offer a more affordable solution. Alumni investors offer loans at much lower interest rates than typical student loans. Not only can investors make money, but they can also feel good about supporting high quality education.

SoFi says it's transforming the student loan industry by connecting student and graduate borrowers with alumni investors economically and socially. As of March 2013 $90 million in loans at 78 schools were funded through SoFi with a zero default rate.

Help out a student at your alma mater with AlumniFunder. The funds don't go directly to paying for a student's tuition, but you can support products that enhance student experiences like building a new science lab or other worthy endeavors.

Interest-Free Loans
Some charities are set up to offer deserving students interest-free loans. It's like free money that students pay back once they graduate. The Bill Raskob Foundation is one worth checking out. The Vice Admiral EP Travers Loan Program also gives interest-free loans ranging from $500 to $3,000 to children and spouses of Active Duty or Retired Sailors and Marines.
Find out how to pay for your dream school through scholarships, financial aid, sweeps and promos at It's an online database full of resources for college students in need of financial assistance. Check out the Wall of Fame for recent examples of payouts ranging from $500 to $200k.

By Alison Storm

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