Want to fund your studies overseas, but need help doing it? A recent trend has emerged – have you heard of crowdfunding? Crowdfunding allows individuals to raise money by asking people to invest in your trip or project. Over the last couple of years, websites have been popping up that are designed to gather small amounts of money from investors, and then pool a sufficient amount of money to finance a particular project.
Attention to crowdfunding has now made its way into the realm of international education. Colleges and universities, especially study abroad programs, are evaluating these fundraising websites as a means to help students fund their travels overseas.
The idea. Students create their own campaigns or websites that discusses the purpose of their trip and the total amount of money they are looking to raise.
Sharing. Next, students share their page through their social media outlets such as Facebook, Twitter, email, blogs, etc.
Affording. Depending on the site, students may be able to keep all contributions even if they don’t meet their goal, other sites require a certain level of money raised in order to keep the funds, while still others will require you to meet the complete goal otherwise no funds are gathered.
If you are interested in checking this out as an alternative way of funding your education, check out these sites along with a short bio about them:
Be sure to do your research if you plan to get involved. Most of these crowdfunding sites do charge a fee so it’s important to compare and find the best crowdfunding platform for you!