In the face of rising college costs comes a somewhat surprising funding trend: students are increasingly turning to GoFundMe, a social fundraising platform that allows anyone to contribute to funding campaigns on the site.
“In 2016-17, average published tuition and fee prices for in-state students at public four-year institutions range from $5,060 in Wyoming and $6,360 in Florida to $15,450 in Vermont and $15,650 in New Hampshire,” according to College Board data cited in a new college funding guidebook from GoFundMe. Those costs increase for out-of-state students.
Since 2014, more than 130,000 GoFundMes have raised $60 million from over 850,000 donations for college tuition and related campaigns.
Among the top states where students raise college funds on GoFundMe are California, with 15,338 campaigns raising $8.3 million; Texas, with 10,152 campaigns raising $4.6 million; and New York, with 6,844 campaigns raising $4.2 million.