What is the social/environmental problem/issue that this project will address?
It furthers access to education and promotes social mobility, education, employment, diversity and entrepreneurship.
Can you give us some statistics on this problem?
Every year, an estimated 500,000 students are admitted into postgraduate programmes in the UK but about 10% of them do not enrol because they lack the necessary funds. With the cost of undergraduate education rising from £3k to £9k, many students are thinking twice about postgraduate education, some are dropping out of their undergraduate programmes, especially those from poorer backgrounds.
What is your solution?
Creating an online marketplace that allows individuals and institutions to fund students who deserve their support and will generate social, environmental and/or economic returns on those investments.
How will you deliver this?
Buzzbnk will power StudentFunder’s platform, on which funders can find students they would like to invest in through donations and loans. Funders include the students’ own friends and family, university alumni, universities themselves, corporates…
StudentFunder will partner with universities to bring the platform to more and more students. Our BETA will run in October, November and December 2012.