COLLECTED works by paying universities for their recyclable eWaste, which can include computers, tablets, GPS devices, MP3 players, cell phones, and inker cartridges. The money can then be used for scholarships and charitable donations.
The cash can really add up. Over the last decade, the University of Northern Illinois recycled 32,000 cartridges, MacDowell said. That’s 75,000 pounds of recycled eWaste which would be worth $25,600 even at FundingFactory’s mid-level prices.
Empty ink jet cartridges can fetch a school anywhere between 20 cents and $2.60. Larger items, like a couple-generations-old iPad, could be worth more than $200.
With online accounts through FundingFactory’s website, participants can stay on top of their recycle rates and earnings.
MacDowell said that convincing colleges to start recycling their eWaste is not difficult, and that programs like COLLECTED just provide an extra push. Many universities have been attempting to become more sustainable in recent years and recycling has become increasingly popular with students.
“It’s important to have that sustainable culture,” MacDowell said. “They see what’s being thrown out and a lot of it is a large amount of waste. Recycling is important to many students, as well as becoming a more sustainable campus in general and maintaining that for generations to come.