Students use crowdfunding to pay for higher education


REPORTER: HERE AT SAC STATE, THE ANNUAL TUITION FOR UNDERGRADS WILL RUN CLOSE TO EIGHT THOUSAND DOLLARS. AT UC DAVIS, IT IS $11,000. THAT’S THE REALITY AND STUDENTS ARE GETTING CREATIVE BY GETTING THE PUBLIC TO HELP.>>AT FIRST, PEOPLE WERE TELLING ME NO ONE IS GOING TO HELP, BECAUSE IT’S TOO MUCH MONEY. REPORTER: BUT THANKS TO GOFUNDME, A CROWDFUNDING PLATFORM, HE GOT CLOSE. MORE THAN $800. STUDENTS LIKE CAZARES SAY IT’S NOT A STRETCH FOR CASH-STRAPPED COLLEGE KIDS LIKE HIMSELF.>>I KNOW MANY PEOPLE WHO HAVE USED IT FOR COLLEGE OR OTHER THINGS. REPORTER: THIS CURRENT STUDENT SAYS HE CREATED A PAGE LAST YEAR TO RAISE MONEY TO HELP OFFSET WILL SCHOOL EXPENSES, AND IT DO THAT — WORKED.>>I THOUGHT NOT MANY PEOPLE WOULD HELP ME, BUT FRIENDS FROM SAN DIEGO AND MEXICO WERE HELPING ME ACHIEVE MY GOALS. REPORTER: COLLEGE PLANNING SPECIALISTS RON ADAMS SAYS THE PRICE AT OR AN UNDERGRAD EDUCATION NOW RANGES FROM 22,000 -65,000 DOLLARS A YEAR, AND THE NUMBERS ARE GOING UP.>>THE AVERAGE NATIONALLY FOR PRIVATE SCHOOLS IS 7.4%, AND FOR PUBLIC SCHOOLS, IT IS ABOUT 6.5% NATIONWIDE. REPORTER: HE SAYS ABOUT AN 80% OF COLLEGE STUDENTS INCUR SOME FORM OF DEBT, AN ISSUE THAT’S HEADLINING EVEN ON THE CAMPAIGN TRAIL.>>AND THEY ARE ASKING US, WHY DO THEY HAVE TO BE PUNISHED FOR DECADES, PAYING OFF THAT DEBT, FOR THE CRIME OF WANTING TO GET AN EDUCATION? REPORTER: MORE THAN 140 THOUSAND GOFUNDME CAMPAIGNS CENTERED AROUND EDUCATION LAST YEAR. WHEN YOU DO THE MATH, FOR SOME, CROWDFUNDING MAKES SENSE.>>THIS IS SO MUCH QUICKER AND MORE EFFICIENT. REPORTER: HE SAYS HE HAS CLOSED HIS GOFUNDME ACCOUNT AFTER HAVING IT UP FOR ABOUT A YEAR.

Leave a Reply

Your email address will not be published. Required fields are marked *