Are you still looking for ways to finance your university degree? Do you still search for scholarships, go over eligibility criteria while trying to get admission to college but wonder if you would be able to afford it?
Today we will introduce you to another way of financing your higher education: crowdfunding.
You might have heard about crowdfunding as a way to finance startups. It is now used to finance your studies. This is what we at edSeed do.
What then are the differences between crowdfunding and a scholarship?
Not all scholarships are created equal. Some scholarships cover all the fees that are associated with college study, including living and travel expenses. Others cover tuition fees only or parts thereof.
However, by choosing crowdfunding to cover college education costs, the student can run a cost estimate for his course of study and immediately launch a campaign to fund it.
Scholarships usually have time limits. A student must complete his study within the terms specified. A student must also submit all required documents. If a student fails to qualify, then he/she would have to reapply the following year.
But if students opt to go down the crowd-funding route, they can continue to renew their campaigns until their goals are met.
3.Sources of Funding:
Scholarships might be offered by a school, public or private university or by an institution. When a crowd-funding platform is used, funding is provided by willing and able donors who are committed to the cause of supporting the higher education of students.
For more information about our crowdfunding campaigns please visit our platform at www.edseed.me.