April 23, 2013
One of the most powerful and inspiring innovations of the modern Internet age, crowdfunding creates opportunities for individuals to raise monetary support to achieve their goals. Campus Slice utilizes the crowdfunding model to help current and prospective college students raise tuition money.
For Tony Aguilar, ex-poker-pro-turned-entrepreneur and founder and CEO of Campus Slice, the alarming rate of increase in college tuition and competition for traditional financial assistance created the need for Campus Slice. Students and their families face enough hurdles when it comes to continued education; Campus Slice offers a solution to alleviate some of the financial ones.
Campus Slice believes that the average student graduates with over $25,000 in student loans, a figure that forces students to burden their families or themselves with financial hardships. The Campus Slice founders experienced this firsthand, graduating with a combined student loan debt of over $100,000.
Users can create a fund for technical or professional schools, junior colleges, community colleges, and four-year universities. Campus Slice funds are set up to achieve monthly goals, so students have a constant source of funding. Donors can donate varying contributions, anywhere from $5 to $100 monthly. This money can be used for tuition, books, or those pesky “fees” tacked on by schools. Payments are made directly to schools, so donors can be assured that their contributions go to the right place.
Campus Slice allows students to adjust their monthly goals when they need to. Funds can always exceed the predetermined monthly goals, and student users have the ability to decide when to use their funds, and how much to use, through profile management. And all the funds received from Campus Slice do not affect a student’s ability to receive other financial aid.
The fund page for each user features the user’s picture and their fund’s up-to-date success. The page also features a “My Story” section for users to share their experiences and why education is important to them. The “Career and Life Goals” section allows users to share with contributors their plans after graduation. Users can also personalize their page by listing their hobbies and passions, and creating a personal video. Users with videos are more likely to receive contributions, Campus Slice says.
Aguilar and the Campus Slice team know the difficulties of finding funds for college. Through their crowdfunding website, they’ve made it easier for college students to find additional financial assistance to achieve their goal of graduating college debt-free.
Campus Slice was a showcased startup at our Tech Cocktail Austin mixer.
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