Posts Tagged “get paid for good grades”

There’s been a lot of controversy lately over whether or not students should be paid for good grades.  Some think incentives will increase student performance, and cities like New York City and Chicago are testing out pilot programs to see if they do indeed make a difference. I think there could be some merit to the idea, particularly if students were able to earn cash for college by pulling in A’s & B’s.  And there’s actually a relatively new website that allows students to do just that.  It’s called GradeFund, and it basically uses the idea of social networking to raise money for college from your family, friends, and even strangers.

Think of it as a fundraiser of sorts.  You get people to sponsor you by pledging a certain amount of money for every A or B you earn.  So, say $5 for an A times 4 A’s per grading period.  That’s $20 bucks per person.  If you get 50 people to sponsor you, that’s $1000 bucks that can be used for your college education.  Donors can get warm, fuzzy feelings from helping out a hardworking student, and you’ll be more motivated to do well in school.  Everybody wins!

GradeFund does a great job of making the process simple and straightforward. Just visit their website, create an account and online profile, start asking for pledges, upload a transcript to confirm your grades, and then wait for a check to arrive in the mail. There is a 5% processing fee which is a relatively good deal considering the interest you might otherwise pay on school loans. And while the average student probably won’t be able to fund their entire college education through this sort of fundraiser, GradeFund is one more tool that can be added to your financial aid arsenal.

So what do you think–should students get paid for good grades?

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