I was listening to a Stacking Benjamins podcast number 20 on Paying for College with High School Micro-Scholarships recently when I came across the scholarship site Raise.me started by CEO Preston Silverman.
The site provides micro-scholarship for over 60,000 high school students in 15,000 high schools by partnering with over 100 colleges and organizations across the United States since the site launched. The idea came to Mr. Silverman when he was teaching economics in high school in Bangalore, India. Pretty amazing right?
Students can earn up to $80,000 in scholarships! Would this interest you or your student? Keep reading!
Who is Raise.me for?
This site is for any high school student from the 9th to 12th grade interested in obtaining scholarships for college education. Raise.me is FREE for students and high schools. The cost of the program is paid for by college and foundations. The foundations supporting this organization include the Bill & Melinda Gates Foundation and Facebook.
According to an article in Business Insider, Raise.me CEO Preston explains:
“The problem we’re seeking to solve is that every year in the US, we’re awarding billions of dollars to help students pay for college — but usually not until the end of their high school career, in the second semester of senior year. That’s after they’re supposed to have decided if they can afford it. For many students, the money is awarded too late to impact where they choose to apply or whether they apply at all.”
How it works
1. Create your profile. You add your achievements to your Raise.me profile including your course grades, clubs, sports, and volunteer additives. Students typically earn an average of $19,000 in scholarship money and can earn up to $80,000.00.
The amounts vary by school, but colleges allocate funds and allow students to earn up to $80,000.000 in scholarships by doing the following:
- Getting an A or B in a class.
- Taking an AP, IB, or honors class.
- Getting a certain score on a standardized test like the SAT or ACT.
- Volunteering hours or community service.
- Honors like the National Honor Society, Eagle Scout, Golden Eagle, or National Merit Scholar.
- Attending an event at a participating college.
- Extracurricular activities including playing sports, clubs, and much more.
2. Earn micro-scholarships. Micro-scholarships are small scholarship typically ranging from $100 to $1000. Raise.me offers scholarships from $25 to $3000. Each college decides what achievements they want to award. So one college may award $500 for an A in Calculus while another might award $200 to the student.
The awards are designed to be both exciting and practical. They are also supposed to be responsive to student’s real needs for covering the ever rising costs of attending college and getting further education.
3. Find the College that best fits you. Follow the colleges that interest you on the site to earn micro-scholarships.
Raise.me plans to has partnered with over 100 colleges. A sample of the colleges or universities that partner with Raise.me are Pennsylvania State University, University of Massachusetts, Denison University, Lawrence University, Southwestern University, Michigan State University, Oberlin College, Texas Tech University, University of Iowa, and Tulane University.
The Fine Print
If you read the fine print, Raise.me says participating colleges will guarantee the funds equal to the amount shown in your profile if you select them by the deadline listed on the site, are accepted, and enroll in the school.
Of note too there’s no guarantee that the award will stack with any other scholarships you may have. Meaning if you receive an even larger scholarship from your college of choice those scholarships could replace your Raise.me micro-scholarships. A bit of common sense there I suppose but worth noting.
The participating colleges and universities do reserve the right to verify profile accomplishments claimed to earn each of the micro-scholarships awarded by filling out your information on the Raise.me site. If any of the information you have self-reported is found to be false the student will lose all their hard-earned micro-scholarships.
Questions & Testimonials
Don’t see a college or university you wild like to see listed on Raise.me? Email them at support@Raise.me
Check out Raise.me today! Just by signing up yourself or signing up your teen you could literally save thousands of dollars!
Follow Raise.me on Facebook.
Hear from students that have used Raise.me:
Note: I did not receive any compensation for this post. The thoughts and opinions on this post are my own.
Financial Aid: www.finaid.org
Comparing Job Profiles to Salaries: www.payscale.com
Lookup Jobs by Company and Title: www.glassdoor.com
Average Salaries by Job Title: www.indeed.com
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Have you heard of Raise.me before? What scholarship tips do you have for high school students?