Raise.me: Paying for College with High School Micro-Scholarships

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Jonathan graduated with a degree in Business Administration from Ouachita Baptist University. He also holds a Masters in Business Administration from the University of Texas at Arlington. While he works for a contractor buying specialized tools, his passion is personal finance, frugal living, blogging, and stewardship.

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.

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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.

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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.

Further Reading:

Fox News 8: High Point, North Carolina’s local 11th Grader Jaire Clarida earned thousands of dollars in college scholarship money 

CNN Money: How One High Schooler Made $80k (without getting a job) 

Resources:

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?

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About Jonathan Key 112 Articles
Jonathan graduated with a degree in Business Administration from Ouachita Baptist University. He also holds a Masters in Business Administration from the University of Texas at Arlington. While he works for a contractor buying specialized tools, his passion is personal finance, frugal living, blogging, and stewardship.

69 Comments

  1. This sounds pretty cool! I wish I had known about it when I was in school. I founded a nonprofit organization for high school students pursuing college and this is a great resource. Thanks for sharing!

    • Brittany, glad you found this helpful. That’s amazing that you founded an organization for high school students. What’s it called and what’s the link? Thanks for stopping by and reading!

  2. I like this idea. It is important to get kids to start thinking ahead to the future and develop a vision or strategy. Not just looking around the next turn but what is their destination. It also starts creating a work ethic earlier on and teaching that being proactive is the best practice. Not waiting until Senior year and find themselves burnout on applications, scholarships, SAT, ACT, etc. Thanks for the info.

    • Kirby, it’s so important to look towards the future. I think you bring up good points about teaching kids about work ethic and being proactive. Glad you found this helpful! Please let others know. Thanks for reading!

  3. Great information! My son is a sophomore so college is definitely on our radar! I will be looking into this and telling my friends, as well. Thank you, Jonathan!

    • Tara, yes have him fill out his profile. Glad you found this helpful. See what you guys might qualify for with the other links provided too. Thanks for reading and for commenting.

  4. This is a great opportunity for students who would like to go to college but doesn’t have the option to due to financial reasons. Thanks for sharing this information.

  5. What a tremendous service you are contributing to the world, Jonathan! Thank you so much for these resources and all of the work you do for the advancement of the next generation! Have you considered doing video social networking (google hangouts, blab.im)? I think the masses should have access to this information.

    • Clarissa, thanks for the encouragement! Yes, this is something we all need to get the word out to help future generations. I have t heard of blab.im and I haven’t joined any Google hangouts. Feel free to message me at jonathan@eaglesoaringhigher.com if you’d like to talk about this further. The idea is very appealing! Thanks for stopping by and reading too!

    • Jenn, yes it’s such a great opportunity! It would be amazing if someone started a similar program for adults trying to further their education. Thanks for reading and commenting!

    • Marielle, yes it would’ve been very helpful when I was in high school too. It’s an amazing program. Please share it with those you think might benefit from it. Thanks for reading!

  6. I didn’t know this existed, this is great. I want my kids to earn money for college. I don’t want them to go through all of the student loan debt like I have right now. It’s insane, my debt is 75k, with a $450 monthly payment which is crazy.

    • Michele, I’m so glad you found this post helpful for your kids. Please share with friends and family! Yes, there are alternatives to amassing tens of thousands in student loan debt. Wow $450 a month is a lot of money. Have you heard of Dave Ramsey and the 7 baby steps for financial peace? I will stop by your blog to check it out. Thanks for stopping by and reading!

  7. This is absolutely amazing!! I love this! My kids are 7 and 4, but I I’m totally looking into this because they will be in high school before you know it and I feel that if kids earn the money for college, they’ll take college more seriously. Thank you so much for sharing this!!

    • K. Lee I’m glad you found this helpful. Yes please do share with friends and family! Who couldn’t use about $19,000 or more in scholarships? Thanks for stopping by and reading!

  8. I am the oldest of 6 and have a high school brother (the sixth one) in his junior year. I wish they had this 16 years ago when I was going to college but I am glad I can pass the information on to him.

    • De, sounds like this might be beneficial for your brother. Yes, it’s great that they have this program now. Sounds like we went to college about the same time! Thanks for commenting!

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