Press Release: Capital Announces Partnership with SponsorChange to Pay Down Student Loan Debt
“Capital Cause Announces “Give Back/Pay Back” Partnership with SponsorChange”
by Mamei Willie-Bongolo
Picture this: being rewarded for doing good. A not so novel concept, right? Furthermore, imagine having this reward come in the form of monies to help pay down your outstanding student loans. Excited yet? Well, you SHOULD be! Statistics today show the following:
- The cost of college has increased by 1,120% since 1978.
- Across our nation, 71 percent of graduates who rely on student loan assistance borrowed an average of $30,000.
- The amount of student loan debt in the country is over $1 trillion, grossing more than credit card debt.
- During the first quarter of this year alone, student debt increased by $31 billion, and that’s 12 percent higher than a year ago.
What’s additionally difficult to digest is the fact that a college education became unaffordable at the worst possible time, and that college graduates are struggling to repay the monies used to finance their education. Private loans, heavily subsidized by the federal government, have gradually replaced federal grants as the main source of money for both poor and middle-class college students. Unemployment and underemployment are additionally compounding the debt dilemma facing millennials. Given these realities, Capital Cause is thrilled to announce a new partnership with SponsorChange! SponsorChange empowers young professionals to complete service projects, while earning student loan payments. This opportunity is exclusively available to members of Capital Cause, and the deadline for applying is August 1, 2014. We hope you take advantage of this wonderful incentive towards encouraging active philanthropy!
You: GIVE BACK | We: PAY BACK
Please find a direct link to our Become A Member page here: http://capitalcause.org/join-a-team/become-a-member/