63% of students say they would have trouble getting $500 in cash or credit to meet an unexpected expense within the next month. When unexpected bills come up related to higher education, they can cause students to drop out—especially when financial aid and scholarship dollars have been exhausted. Many students never leverage their personal networks for support, often because they had no easy way to do it.
Eileen Tucker, Director of Financial Assistance at Neumann University used student-based crowdfunding to help her students borrow less, pay those unexpected bills, and ultimately stay in school. Key to her strategy is SponsoredScholar, innovative technology that makes it simple and scalable for her to help each and every student at Neumann run a fundraising campaign.