The Importance Of Crowdfunding in Bridging The Education Gap

From funding non-profit humanitarian efforts to tech start-ups, crowdfunding has already become a mainstream option. Now crowdfunding is largely helping individuals in realising their educational goals.

Along with raising funds to meet admission and tuition fees, the best crowdfunding sites for education enable students to raise money to manage their living expenses. A traditional education loan fails to cover such expenses.

This blog explains how crowdfunding is bridging the education gap in India and gives tips to create successful campaigns on the best crowdfunding sites for education.

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How Crowdfunding is Boosting India’s education sector

Funding Fees

One of the basic requirements for good education is the fee. With crowdfunding on digital platforms, raising fees for personal education or assisting others with fee funds is easy. Along with the fee, students can easily raise funds for books, food, lodging, and tuition via crowdfunding platforms.

Funding ideas or scientific research

Almost everyone possesses some best-selling ideas. However, the idea that gets a chance to be executed, shines among others, and wins the race! Researchers and scientists can acquire help by raising money for academic ventures or concepts they believe can be better for society and the world.

Moreover, with the accountability feature of crowdfunding campaigns, individuals are more focused and keep their pursuits on track.

Funding for customised educational endeavours

Individuals can enrol their customised crowdfunding campaigns to fulfil a particular educational need. Whether it is fundraising for sports, artistic aspirations, creative projects, or group travel, volunteer trips, and the best crowdfunding sites for education can make them possible.

Funding resources and infrastructure

Not just students, teachers also seek help from crowdfunding websites to fund certain needs of their schools and colleges. Crowdfunding is a good source of revenue that helps lessen the pressure on educational institutions.

For instance, Ketto has helped several schools from remote areas in India to provide quality education to underprivileged students.

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Tips for creating a successful crowdfunding educational campaign

Start a blog: Donors are interested in knowing the details of the individual’s background. Through blogs, one can share their story and tell the potential donor why they seek help. If the campaign is successful, the same blog can be updated with achievements related to studies and likewise.

Use contacts and connections: Seek help from your seniors or famous alumni of your school or college. Getting a favourable byte from any influential people can help in getting the word out there and aid in raising funds.

Get creative: Let the campaign stand out from the crowd. Make it more creative. For instance, art students can persuade potential donors by asking for funds in exchange for limited-edition paintings or drawing them an artwork of their choice.

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Summing up

Ketto is one of the best crowdfunding sites for education. It is a transparent, engaging, cost-effective platform encouraging school fundraising campaigns. With our Education SIP (Social Impact Plan), students and teachers can generate money for their needs.