Since 2014, about 130,000 fund-raising campaigns have been launched on online crowd-funding website GoFundMe, raising over $60 million for college expenses, according to data released by the company Wednesday.
In South Carolina, where average tuition and fees for in-state students is $12,190 according to the nonprofit organization College Board, GoFundMe users have raised $767,000 from 1,831 campaigns.
Users in North Carolina have raised $1.93 million for college.
The website makes money when people create fund-raising campaigns which can be shared through social media. Donors can give money via credit or debit cards and GoFundMe keeps a portion of the money with the rest going to the user who set up the campaign.
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The site has released an online guidebook to help students set up GoFundMe accounts to pay for college.
Recommendations for items to include in student’s fund-raising campaigns include:
- Awards, honors and extracurricular activities
- The school you want to attend
- The subject you plan to major in
- A wish list of things you might need in the future
Christian Boschult 843-626-0218, @TSN_Christian