It always pays to be financially informed, but with the help of Raise.me it's about to get even more valuable.
Raise.me wants to expand high school students' access to higher education by providing what the organization describes as "
Starting in the 9th grade, high schoolers can begin earning up to $80,000 in
Getting an A in algebra will earn a student $500, and completing an AP class will earn $1,000. Students can also win
"The goal is to get as much financial aid in front of students as early as possible and to do it in a way that is motivating and engaging," explains Kirkland.
Now, through the organization's financial literacy program, The University of Rochester, Oberlin College, and the University of San Diego will offer students up to $1,000 in scholarship to their institutions if they complete an online personal finance course offered by online curriculum provider EverFi.
Like other Raise.me scholarships, these schools will award students the funds if they end up enrolling in their institution. This policy also allows colleges to begin cultivating the largest pool of applicants possible.
"Financial literacy is a key part of the equation," says Kirkland. "We're proud to partner with colleges that are helping students stay motivated and on track."
Not only do 44 million Americans currently carry a cumulative 1.3 trillion dollars in student loan debt but, as Kirkland explains, "One-third of students who end up dropping out of college do so for financial reasons."
In addition to motivating students, the system helps colleges build their applicant pool, encouraging students to hone the skills schools are looking for.
Jonathan Burdick, Vice Provost for Enrollment Initiatives and Dean of Admissions and Financial Aid at the University of Rochester, has observed these positive benefits first-hand. "Raise.me has had an impact on students, many of whom felt that college was entirely out of reach."
Now, by learning the ins and outs of finance, students can get paid to learn a skill that will help them stay in school and be financially responsible as they enter adulthood.