Next steps for Educational Providers wishing to participate
Below are the three steps on how Grant-Ed and Educational Providers collaborate
Grant-Ed prides itself by being 100% transparent and to ensure that the process is simple. Once the Educational Provider’s yearbook is published on the Grant-Ed platform, students will be able to select the courses to start their funding campaign. Grant-Ed will deposit the course fees as soon as the campaigns are fully funded in return for an early payment funding fee.
Grant-Ed publishes the educational provider’s yearbook on the platform
Educational Providers submit their yearbook (catalogue of available courses) to be listed on the Grant-Ed platform. A click through to the Educational Provider’s website is provided for students that need more information or need to apply. Students are only able to select a valid course from the published yearbook, for which they would like to start a funding campaign.
Grant-Ed pays course fees directly to the Educational Provider
Once a student’s funding campaign is fully funded, 100% of the contributions raised will be paid directly to the Educational Provider.
Grant-Ed receives an Early Payment funding fee (3% for Universities)
In order to maintain and improve the Grant-Ed platform and to run the operations Grant-Ed is paid a “early payment funding fee”, calculated as a predefined percentage of the course fees. The fee is in lieu of Grant-Ed securing and settling 100% student course fees upfront. Invoicing only occurs after course fees have been settled.