TOP STORY: What's this new thing called a "micro-scholarship"?
Posted by Callie Peterson on 30 October 2017
Many companies in the world of college prep claim to offer "innovative" services of some kind — but few of them actually deliver. But this week, we heard of a new company that sounds like it may be doing something...truly...innovative.
The company is called "raise.me", and they've got heavy-hitting backers like the Bill and Melinda Gates Foundation, Facebook charitable giving, and the University of Pennsylvania. They have created something called a "micro-scholarship", which they describe like this:
Raise.me is a new site where any high school student in 9, 10, 11 or 12th grade, in the US, can automatically earn scholarship money from colleges for individual, bite-sized, achievements all throughout high school. For example you can earn scholarships for each final grade of an A or B in a class, participating in an after-school activity or club, or spending a few hours volunteering in your community. While the goals on raise.me are bite-size, the scholarships are much larger.
For example, if you get an A in your English class this year, you can receive scholarships from dozens of colleges on raise.me all at once, including $1,000 from Tulane University, $500 from the University of Central Florida, and more.
We didn't hear about Raise.me in the press. Rather, we heard about it from multiple messages that were posted in college prep forums around the country. Most of the comments were along the lines of "have you heard of raise.me?" and "are these guys for real?" Well, we don't know the answer yet — it's simply too early to tell. But take a look for yourself, by checking out their website. And let us know in the comments section below:
Is the concept of a micro-scholarship a potentially breakthrough innovation when it comes to paying for college?