Crowdfunding

AngelScholars Launches Crowdfunding Scholarship System

• By Leila Meyer
• 06/15/16

Students and the people who want to help fund their education can now find each other through a new online crowdfunding platform.

AngelScholars, which launched its beta program on June 14, lets individuals create or contribute to scholarships and helps students find existing scholarships or create crowdfunding campaigns to fund their education.

"For as little as $50 dollars AngelScholars makes it possible for people to get involved, have a personalized impact and have control over their donations...," said Peter Hazlehurst, founder and CEO of AngelScholars, director of product management for Google Wallet and COO of Postmates.

Individuals who want to set up a scholarship can make the qualifications as general or specific as they want. "Scholarships can be as specific as a coding camp for African-American high school students based in Oakland with a 3.0 GPA who are studying STEM, or as general as school uniforms for kids whose parents make less than $25,000 and live in Atlanta," stated a news release from the company. The minimum contribution to create a scholarship is $50.

Students who want to fund their education can find and apply for scholarships through the site, or they can create their own crowdfunding campaigns and share them on social media to enlist the help of friends and family. Students must be aged 13-25 to use AngelScholars to fund their education.

Further information about the crowdfunding scholarship platform can be found on the AngelScholars site.