GradeFund Relaunch Changes the Game for Students With a Merit-Based Sponsorship Platform

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New angel funding and a $25K sponsorship pool allow GradeFund to help cash-strapped students.

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Students need to find a way to pay for college that will not require them to be in debt when they graduate. Gradefund provides not only an alternative way to fund school but also a motivation to do better.

Students today are faced with the highest cost of education of any generation and fewer ways to pay for it. GradeFund, a disruptive social-funding platform that offers students merit-based sponsorships from family, friends, and corporations is helping to ease that burden. GradeFund’s re-launch will feature a new website interface, the elimination of all sponsor fees, and will now allow students to earn money from corporate sponsors.

With the relaunch, GradeFund has allocated over $25,000 in sponsorship funding for students to earn. New sponsorship opportunities will launch weekly and are open for any student to participate in. GradeFund’s unique platform yields an immediate social impact in the lives of students by rewarding those who strive for and achieve good grades.

For students, creating a GradeFund account allows them to connect directly with a sponsoring family member, friend, philanthropist or corporation. With the availability of student loans rapidly fading due to federal budget cuts in 2011, students need a new way to finance their educational pursuits. GradeFund charges no fee to sponsors and transfers 100% of the sponsorships to students. Students who participate in a sponsorship are paid only after their term transcripts have been verified. Creating an incentive to perform well with valuable cash rewards is a proven way to help students succeed.

GradeFund seeks to help cash-strapped students who are already facing:

  • $27,000 on average in loan debt
  • 85% chance they will move home after graduation for lack of employment
  • Tuition fees that are rising between 9% and 30% annually

“Students need to find a way to pay for college that will not require them to be in debt when they graduate. Gradefund provides not only an alternative way to fund school but also a motivation to do better,” said GradeFund’s Vice President of Business Development, Jeff Cohen.

New angel funding has allowed GradeFund to eliminate sponsor fees and redesign the look and feel of their website to make it easier than ever for students to begin earning sponsorships immediately. Over 20,000 students have already discovered the value of GradeFund, and thousands more are just a few clicks away from earning their first sponsorship.

About GradeFund
GradeFund is the leading community-based approach to student education financing that naturally encourages academic success. Family, friends, philanthropists, corporations and other organizations work in harmony to reward high school, college and graduate students for performing well in their pursuit of academic excellence. As an alternative to increasingly competitive scholarships and high interest-bearing loans, GradeFund ushers in a new, disruptive platform for positive social impact, helping students ease the financial burden of college through a merit based system.

For more information please visit: http://www.gradefund.com

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Margaret Barreca
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