With job opportunities slim, many students are more worried than ever about how to pay for college. So some are turning to the web.
Sponsor My Degree.com just re-launched this year as a way to get students to find people who will help pay for their degree. The changes to the site now pays college tuition and student loans directly. It also has a way to integrate this into your Facebook page so you can use the power of social networking to help pay for college.
This site verifies the student is actually enrolled in the college or university or was a student at the college or university. The students can write up profiles that are put on the web site and there are even ways for companies to sponsor students.
Here are a few of items you should know – the site charges a 5 percent fee for any company or individual who decides to sponsor a student. The average amount a student has collected so far through this site is between $20 and $150, so clearly don’t expect to pay for your entire degree here.
The site does not sell e-mail addresses however, information students provide is made public through the web site.
Looking for some other ways to help pay for school? Keep this in mind – some studies found undergraduates who work no more than 20 hours a week during school get better grades.
Half of undergraduates at public universities get grants and the average grant is $5,000. So fill out those FAFSA forms.
Back in January I put together some terrific tips on how best to save for college.