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The only requirement for crowdfunding through PeduL is you must be enrolled or planning to enroll in a higher education program. If you’re in high school, you need to wait until you’re a senior to create your campaign. Otherwise, there are no restrictions on who can use PeduL.
Unlike scholarships or student loans, PeduL is a crowdfunding platform that helps you raise money for college from friends, family and even strangers. You create a campaign that details the college you’re attending, how much you need to raise and a little bit about yourself.
PeduL doesn’t have any limits on the goal you set for your campaign, so it can be anywhere from a few hundred dollars to several thousand depending on your need. You then share your campaign with your social network and wait for donations to come in. PeduL has its own network of scholarship providers and corporations that may also contribute to your campaign.
Once you’ve reached your goal — or even if you don’t — PeduL sends whatever funds you’ve raised directly to your school.
It doesn’t cost anything to create a campaign through PeduL. Rather than charging you an upfront fee, PeduL collects a 5% platform fee and a payment processing fee from each sponsor that makes a donation.
No upfront fees or fundraising limits makes PeduL a worthy contender when looking to secure funds for college. Here are a few perks you can take advantage of:
Not sure PetaL is right for you? Consider these potential drawbacks before you create a campaign:
Not able to fundraise all of your college expenses through PeduL? Consider taking out private student loans as well.
Not much, which isn’t surprising given that PeduL’s only been around for a year. It doesn’t have a page on the Better Business Bureau or Trustpilot, though it does have a handful of reviews on its Facebook page. All three users gave the company a five-star rating.
If you’re interested in learning more about the platform and how it works, you can call PeduL with any questions. Unlike larger student loan providers and scholarship programs, PeduL doesn’t have a customer service team just yet. The upside? You’ll be able to speak to the CEO or COO directly — a unique feature, even among crowdfunding platforms.
It only takes a few minutes to create your PeduL account and start a campaign. Follow these steps to begin:
Adding more information about yourself, including your career goals and volunteer experience, may help you attract more sponsors. You can even upload a photo to go with your campaign.
Once it’s all set up, you can share a link to your page with your friends, family and social network to start raising funds.
Interested in making a donation to a student’s campaign? Follow these simple steps:
Interested in sponsoring more than one student? You can also make an account with PeduL to make future donations easier.
PeduL was founded by two graduates of Rutgers University in October 2017. The company is on a mission to help student pays for higher education without having to rely entirely on student loans. Though it’s still relatively small, it has plans to expand its network of corporate sponsors to help students raise even more funds.
Crowdfunding through PeduL may not be the most conventional way to pay for tuition, but it can help you put a dent in your college expenses. It doesn’t cost a dime to set up a campaign, and there’s no limit to how much you can fundraise. However, because it’s still so new, you’ll likely need to rely more heavily on your own friends and family rather than PeduL’s limited network of corporate sponsors.
Worried you won’t raise enough money? Read our guide to student loans to learn how they can help where PeduL falls short.
Image source: pedul.com
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