US universities join with micro-scholarship app Raise.me
College scholarship app Raise.me has partnered with US institutions including the University of Chicago and the University of Pennsylvania to increase the number of micro-scholarships it offers students. Using the platform, high school students can earn from $100 to $3,000 to be redeemed when they are accepted by a partnering institution. Some 700,000 US students have used the app to help fund their tuition so far, according to the San Francisco-based company.

SCHOLARSHIP MARKET: College scholarship app Raise.me, which offers micro-scholarships to high school students through a free online platform, is growing its list of college partners. The new partner institutions are University of Chicago, University of Pennsylvania, Washington University in St. Louis, Harvey Mudd College and Grinnell College.

Students can earn Raise.me awards, which range from about $100 to $3,000, starting in ninth grade. The scholarships are redeemed when a student is accepted by a partnering institution, like the ones who recently got on board.

Based in San Francisco, Calif., the company claims some 700,000 students (or one of every two high schools across the country) have used the app to help fund their tuition so far.