Standard Bank and Feenix start crowdfunding for students
Anyone can donate, with a minimum donation being R100; donations help cover accommodation, tuition and textbooks
In an effort to create a platform for donors to sponsor student fees‚ Standard Bank and Feenix Trust launched a crowdfunding initiative in Johannesburg on Tuesday. The trust has been established to retain and manage funds from donors.Jayshree Naidoo‚ interim CEO of Feenix‚ said only 17% of students in SA who qualify for education funding will actually get it. The trust is intended to address this."The fees will be paid directly to the university through the trust. Students won’t be required to pay back the money," she said. "All degree types for accredited courses at any of the 26 public universities across SA will be accepted. "The donations will cover accommodation‚ tuition and textbooks."Johan De Ru‚ manager for business development, education at Standard Bank, said: "Students can create profiles on the Feenix website and upload their fees statement and bio. The trust will then verify them and, once they are live on the site‚ donors can choose to donate to them."Anyone can donate...
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