Helping to bridge the education equity gap by turning student engagement in health and sustainability behaviors into funds for school
As little as $1000 in debt can force a student to drop out of school. This impacts not just the student (a cohort of entering students who drop out can lose $3.8 Billion in lifetime income) but their college or university which stand to lose an average of $13 Million annually due to attrition.
Imagine you are a college student like Kylie from Thornton, Colorado, a psychology major who loves to help others, but is struggling to keep up with the cost of her education. One day, you learn of a program that awards a “currency of good” every time you ride the bus, bike, volunteer, take a fitness class, recycle, and more.
Now, imagine there is a public charity that promises to turn every $1 of what you earn into $3 in scholarships. Earn up to $500 of the currency, and you’ll receive $1,500 toward school.
That charity exists; it is PIPs Education Fund (PEF). The program it powers is called PIPs for School (P4S), which runs on the PIPs Rewards App. PIPs, which stands for “Positive Impact Points,” is the currency of good earned by users of the PIPs App for engaging in verifiable everyday actions that deliver personal, community and planetary benefit.
“I love that PIPs is helping students with financial need like me!” Kylie told us upon learning that she she was to be a P4S Scholar and would be receiving a grant for Fall Term 2020.
To learn more about P4S, click here.
The PIPs Education Fund (PEF) is a New York State 501(c)(3) whose charitable purpose is to help bridge the education equity gap by turning student engagement in health, sustainability, and community service into financial support for school.
PEF owns PIPs Rewards LLC which operates the PIPs mobile engagement platform. The PIPs platform combines behavioral strategies, action verification and data analytics to deliver on key outcomes (shifts in behavioral norms, improved education equity and access, progress toward UN Sustainable Development Goals).
As funds allow, PEF makes matching grants to P4S Scholars – student-users of the PIPs Rewards App who have saved up and successfully met the threshold to convert their PIPs into a P4S scholarship grant awarded by the PIPs LLC.
PEF matching grants are awarded along side the P4S grants in January for the Spring Semester and June for the Summer or Fall Semester. PEF determines the size of the match annually before the start of the Fall Semester and bases the match size on funds raised through donations. The match can be zero if funding is not available and can be up to two times the size of the P4S grant.
At the present time, the P4S Scholars program and any PEF matching grants associated with it are available exclusively to institutions of higher education that are subscribers to the PIPs App. For more detail, see Eligibility for PEF grants below.
Eligibility for PEF Grants
At the present time, to be eligible to receive matching funds from the PEF, a student must:
- 1Be enrolled at a higher education institution that is a subscriber to the PIPs App,
- 2Be a user of the PIPs App, and
- 3 Have saved up and successfully converted between 10,000 and 50,000 PIPs into a P4S grant.
PEF hopes to expand the P4S Scholars program to students anywhere, whether or not they are at a PIPs-subscribed institution. If your foundation or corporate foundation is interested in exploring ways to provide the P4S Scholars opportunity to any high school or college student, please let us know.
Multiply the Impact
Thanks to gifts from donors like you, students participating in the PIPs for School program can turn $1 in PIPs earned for engaging in beneficial actions into $3 in scholarships.
Using the secure payment tool below, you may make monthly donations of as little as $5 or a one-time donation of an amount of your choice. You may also designate the school where you would like the funds to go. Note that 100% of your gift goes to scholarship.
I learned to bike so I could earn more PIPs for PIPs for School.
We are very concerned with keeping college affordable. We are also concerned with the financial wellness of students. When PIPs was presented to us, it aligned with our goals on many fronts.
Adding the scholarship component knits together the whole endeavor of points-for-good in the higher education sector. The agency it gives students is appealing, and it should be attractive to individual donors and foundations who want to support scholarships and the kinds of “goods” that PIPs rewards.