What if you could volunteer for a nonprofit organization and earn money to pay off your student loans at the same time?
Wouldn’t that be cool?
It’s now possible.
Sponsor Change, a nonprofit organization, began with two simple questions: “What can we do to increase volunteerism?” and “Why do many people choose not to volunteer?” The creators of Sponsor Change conducted extensive research and concluded that volunteering is a privilege that many millennials cannot afford.
Because of massive student loan debt in the U.S. (which has hit 1.2 trillion dollars – more than the entire GDP of Australia), many recent college grads work multiple jobs, run their own businesses on the side, or find other ways to earn a little extra income – just to make ends meet.
The founders of Sponsor Change realized that they could increase volunteerism among millennials by rewarding volunteers with direct student loan payments.
Here’s how it works: nonprofits list open volunteer positions on the Sponsor Change website, volunteers land positions, and citizen philanthropists provide funding (student loan payments) to volunteers.
It’s a win-win-win:
- Nonprofits land skilled volunteers to provide much-needed assistance with projects.
- Philanthropist sponsors help to increase volunteerism and reduce student loan debt – two worthwhile causes.
- Volunteers, aka “Change Agents”, receive direct student loan payments and have the opportunity to give back to their communities.
Would you be interested in registering with Sponsor Change as a volunteer, nonprofit employer, or philanthropist? Why or why not?
Congrats on your loans being paid off! I’m sure it’s a wonderful feeling to not have to deal with those anymore. I hope this gains traction too. It’s an awesome idea and would benefit so many borrowers and nonprofit organizations.
This is so awesome to see! I’ve paid off my student loans, but there’s nothing I enjoy more than volunteering for a good cause. I hope this gains traction with other borrowers.