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Friday, February 20, 2009 By Thalia Armijo/Staff Reporter
Grade Fund offers cash incentives to students that receive good grades. - photo courtesy of Gradefund.com
Advertising
Imagine
a company that offers to pay
students for their good performance
in school. A company
that would give students rewards for every A in their chosen
subject area. Imagine no more,
reality is here.
The
reality is that a new reformed company has been born, Grade Fund. Creators and
brothers Michael and Mathew Kopko have developed a website
that will help students earn money
for every A they obtain.
The
purpose is to help college and graduate
students, even those as young students from middle school,
as an incentive to do well in school
and encourage them to pursue a
higher education.
This community
is based on corporate sponsors and
individuals who choose to collaborate
in different grade levels and sponsorship amounts. The student’s task is to create a profile and invite friends or family to collaborate with
anything they would like to offer
for each A, as low as from $1 or more.
They
can also choose
to donate to a specific subject
area such as film productions or veterinary medicine.
Eventually
students are able to upload their transcripts
every semester, after they reach the
amount of $100 in rewards they’ll receive their check by mail and can
retire the money in advance.
The
website also helps individuals in
the search of internships and jobs,
for a student’s life after school.
Hopefully this will be a future incentive to motivate learning, improve student’s
performance and also challenge them.
Kopko’s
principal mission is to help
students that find themselves under financial
stress, however according
to an article in Times magazine he
mentions that “Our service doesn't
solve the problem, but it's a step down
that path.”
There
is a high-accumulated
rate from it wilk give risestudents’
debt starting from $20,000 and up, the website
will minimize that effect. The number of members is higher every time, the website already has more than 5000 people who have sign up.
School
districts across
the country have also been
implementing other types of motivation programs, rewarding
pupils for obtaining high scores in cities such
as Texas and Georgia.
In
Texas, High schools students were
qualified to win as much as $500 for the pupils who
got top scores on Advanced Placement
exams of Math, Science and English. In Atlanta, Georgia
they implemented a new after school study program, “Learn and earn”. In which
students get paid $8 per hour for attending tutoring classes.
Although
in this case cash
does pay off for motivation, educators
and critics
are hoping that this will motivate
especially low
income and minority students.
This
will help as an effort to push
students who are not willing to challenge
themselves with college level courses.
Senior,
Elizabeth Grass mentioned “I believe that specially
cash rewards
will motivate many who have a low
performance in school and might even try harder courses to obtain the rewards”.
Websites such
as GradeFund use cash as a motivator;
and the programs in some schools are
growing nationwide.
Students will eventually return home
with more enthusiasm when bringing good grades, they will pursue higher expectations
in school and life.
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