Word: gradefund
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...performance is not an entirely new concept - public schools in New York City have started paying students up to $50 for scoring well on standardized tests, and other school districts are experimenting with giving gift certificates to top-performing students. But GradeFund puts the rewards in students' hands. Or rather, in their friends' and families' hands. The site is akin to Facebook in that it lets students create a profile and send out invitations asking for sponsors to pledge whatever they please for each A - $1, $2 or more. Sponsors can also donate by subject area, giving money to students...
...saying goes, it takes a village to raise a child. Now, brothers Michael E. Kopko ’07 and Matthew Kopko want to leverage the power of communities to help pay for college. Their new web application, GradeFund, uses the “marathon model” to achieve this goal, said Matthew, a member of the Princeton class of 2008. Just as marathon runners can ask friends and family to pledge money toward a race bid, GradeFund allows students to invite family members, friends, doctors, coaches, and other community members to pledge money towards their education. Donors...