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Crowdfunding for college

How students are letting their community close the gap.

College crowdfunding has grown from a niche idea to a mainstream funding strategy. Thousands of students each year use platforms to raise money for tuition, housing, books, and other education expenses from their personal networks and beyond.

How it works: A student creates a page that tells their story โ€” why this school matters, what they plan to study, what challenges they've faced, and what the funding gap looks like. They share the page with family, friends, classmates, teachers, and social media. People contribute any amount โ€” $25, $100, $500 โ€” and the money goes directly to the student.

Why it works: College crowdfunding succeeds because it's personal. Unlike a generic scholarship application, a crowdfunding page has a face, a name, and a story. People give because they know the student, or because the story resonates. The average successful education crowdfunding campaign raises between $2,000 and $10,000, with most contributions coming from the student's extended network.

The numbers: According to GoFundMe, education is one of the top five fundraising categories on their platform. But general-purpose platforms aren't designed for students โ€” they lack features like term-based funding, guided story prompts, and education-specific trust signals. That's why platforms like BackThis exist โ€” built specifically for college students, with features that help students tell a compelling story and build trust with backers.

Tips for a successful campaign: Start by sharing with your 10 closest contacts โ€” parents, siblings, close friends. Ask them to share it with their networks. Post on social media with a personal message, not just a link. Update your page as backing comes in โ€” momentum attracts more backers. Be specific about what the money covers (tuition: $8,000, housing: $3,000) rather than just a total number.

What makes BackThis different: Unlike GoFundMe, BackThis is built specifically for education. Students answer guided story prompts that help them tell a compelling story. Funding is organized by academic term (Fall 2026, Spring 2027) with specific line items. There's a 5% platform fee with no hidden costs, and funds go directly to the student via Stripe Connect.

Is it legitimate? Yes. Community-based funding for education is legal and increasingly common. Contributions are personal gifts โ€” they don't affect your financial aid eligibility in most cases (though you should check with your school's financial aid office to be sure). The money doesn't need to be repaid.

Getting started takes about 5 minutes. Create your page, answer the story prompts, set up your funding breakdown, and share your link. The students who raise the most are the ones who share the most โ€” not the ones with the saddest stories.

Ready to close the gap?

Create your BackThis page in 5 minutes and let your community help.

Frequently asked questions

How much can you raise crowdfunding for college?

The average successful education crowdfunding campaign raises between $2,000 and $10,000. Some students raise significantly more. The key factors are the size of your network, how compelling your story is, and how actively you share your page.

Does crowdfunding affect financial aid?

In most cases, small to moderate crowdfunding amounts don't affect financial aid. However, large amounts may be considered as outside resources by some schools. Check with your school's financial aid office for their specific policy.

Is college crowdfunding tax-deductible?

No. Contributions to individual students through platforms like BackThis are personal gifts and are generally not tax-deductible. BackThis is not a registered charity or 501(c)(3) organization.

What's the best platform for college crowdfunding?

BackThis is built specifically for college students, with guided story prompts, term-based funding, and education-specific features. General platforms like GoFundMe also work but lack education-specific features.

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