COLUMBUS (WCMH) — There are many traditional ways to get college tuition paid including student aid, scholarships, and grants.
Many parents are even under funding their retirement in order to get the cash they need to pay for their kid’s college.
But as the cost of college continues to go up, some students are getting more creative in how they raise funds to go to school.
According to a GoFundMe spokesperson college bound kids are now turning to crowdfunding sites to call on their family, friends and other peers to provide financial support.
Gina Jacob, a college advisor for College Liftoff, said she is not surprised.
“The cost of college over the last 35 years has risen over 1,100 percent,” said Jacob. “In last decade the cost of a public in-state institution has risen 40 percent and a private four-year institution has risen 26 percent.”
Jacob says parents and students should be pressuring the financial aid office to give richer financial aid packages and that tuition discounting is happening at an all-time high in United States.
Jacob suggests students maximizing the financial aid that they can get from a university and then possibly use a crowdfunding website to fund their first business.