Sunday, April 14, 2013

Pay It Forward Scholarship

Pay It Forward Scholarship PIFS

The high cost of tertiary education has made it unaffordable to most people without a student loan or scholarship. Many fresh graduates are burdened with high students loan debt and have to pay a big portion of their income to settle it.

The receivers of PIFS will pledge to pay back 10% of their future earning for 20 years. Which then can fund more PIFS. It will be a gift that keep on giving.

People with a bachelor’s degree make 84% more over a lifetime than high school graduates.

If the average income of a PIF Scholar is $100,000, 10% over 20 years will be $200,000. The amount can be substantially more if just a few become CEOs of big corporation or found a successful company.

  • All applications will be made online.
  • All funds will be paid directly to University.
  • PIF Scholars will post their progress online periodically
  • All transactions to be posted online.

The PIFS will need a large initial fund to start of and will be self funded thereafter.

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