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It's challenging for students and families to cobble together funds for school. For students living away from home, one year in an Arts program costs about $20,000. Specialized programs such as Engineering, Commerce, Medicine can cost that much for just the tuition.
Any parent who graduated before 2000 will recall their summer job funding most of a year's school expenses--not so today. Summer jobs barely cover tuition....and with rent, food, books, transportation and technology, the funding hole can be very deep.
Sure, there are millions of dollars in scholarships, grants, bursaries and student loans out there - we encourage students to apply for them all. But merit-, citizenship-, age- and stage-based criteria exclude the vast majority of students.
That's where HigherEdPoints' comes in. Our mission is to help close funding gaps, for all students. In 2013 we launched technology to convert loyalty points into tuition and student loan repayments; we've helped students fund millions of fees through the conversion of hundreds of millions of loyalty points.
This latest innovation is crowd-funding:
HigherEdPoints' ALT-Scholarship:
Students crowd-fund tuition donations from cash AND loyalty points.
Who can participate?
We encourage every student attending an accredited post-secondary institution in Canada to participate, especially those who are often excluded from traditional awards: international, mature, second-career & part-time students.
How can the raised funds be used?
Using HigherEdPoints' existing infrastructure, all raised funds will be deposited directly into the participant's tuition account at an accredited post-secondary institution in Canada.
Who can donate?
Anyone! Participants have the ability to share their personal HigherEdPoints ALT- Scholarship campaign far and wide. Donors can be from your own network, or anyone who wants to help you meet your academic and life goals.
Crowd-source cash and/or loyalty points? How?
Cash donations can be made directly into your ALT- Scholarship campaign.
Loyalty point donations leverage HigherEdPoints infrastructure and work this way:
1) A donor has loyalty points from one of HigherEdPoints Loyalty Program Participants
2) They redeem their loyalty points for the $250 HigherEdPoints education credit(s), then
3) Transfer the funds to your ALT- Scholarship campaign by following the steps at our How It Works page, using your name as the recipient in the final Transfer step.
OR
Donors can email info@HigherEdPoints.com and we'll give them a hand--it's an easy, cash-free way donors can help you reach both your ALT- Scholarship and educational goals.
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HigherEdPoints' ALT-Scholarship is a platform for all students studying in Canada to share their passions with the world--and get some financial support for their education.
Here's our advice to help you raise funds:
Donors like helping students with passion, so create a great story about you, your studies, your life goals.
Don't be afraid to show your personality--be funny, be irreverent (cheeky), just be YOU!
Act like you're sitting across from the donor and having a nice chat about things like:
- What and where you're studying: eg: I'm in my second year of my psychology program at Bishop's
- Why you decided to study what you're studying. eg: I don't know what attracted me to psychology initially, but after my first year courses, I couldn't get enough!
- What you think you want to do with your education. eg: I'm not sure where yet where my psychology degree might take me career-wise, but I've applied my learning already with the 4 roommates I'm living with--the mind is a fascinating thing!
There's no need to share anything personal about needing funding--because 96% of students need help funding their education, but if it's important to your story and you feel comfortable sharing--go for it!
Donors will know all the funds you raise through the ALT-Scholarshipcan only be deposited into your tuition account--so you can say "any money I can save on my tuition will help me pay for (rent/food/books/transportation, etc.)"
We hope the ALT-Scholarship makes your journey a little easier--because students should be able focus on their studies, not stressing about money.
Good luck!
The HigherEdPoints Team
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