'FinanceU' is a new crowdfunding scholarship app that helps students finance their eduction by giving them the tools to build their own scholarship. With many students unable to access traditional scholarship money, FinanceU offers a community-based platform for students to find alternative means of funding the purist of higher education.
FinanceU works by allowing students to start their own online scholarship fund free of charge. FinanceU helps each student to tailor their scholarship page in a way that showcases their work experience, academic achievements and other talents to share this information with contacts in the student's social networks. Donors can then help to support these scholarship funds through customized donations.
To avoid the issue of the money raised being used for other purposes, FinanceU will send the funds directly to the University in the name of the student. The system is designed to benefit students by giving them a free platform for raising scholarship money, while also giving donors the confidence that their donations are being used only for educational expenses.