Cash-poor students who are fearful about leaving University saddled with crippling debts will now be able to find financial relief with an app that allows them to locate grants and scholarships to ease their funding woes.
GrantFairy is a new mobile app that gives high-school and university students access to over 4,000 bursaries, grants and scholarships. The app is designed to help reduce the burden of study-related debt, which continues to rise year-on-year – a situation which many consider to be unsustainable.
Stressed students don’t need to worry about adding to their already heavy workload as the clever app does all the work for them, allowing them to create a personal profile and then instantly matching them with thousands of pounds-worth of educational grants and scholarships, each of which are tailored to their individual needs.
Myles Jardine, the 21-year-old founder of GrantFairy said: “While university is often hailed as the best time of our lives, what people often fail to address and discuss is the amount of debt that students leave with. There’s also the concern of how this could affect them later on in life with things like mortgages and credit ratings.
“We believe that students really need to consider all their options when it comes to applying for a student loan and the ideal time to be thinking about those things is when completing their UCAS application form. Our search tool is highly-targeted and will allow students to gain access to grants and scholarships that they may not have known existed otherwise.”
In recent years the cost of tuition fees has reached eye-watering highs, tripling in 2012 alone and meaning that the average UK university student will now graduate with debts exceeding £50,000.
“As someone who was personally put off the idea of university because of the huge debt that I would have incurred, I worry how that debt will affect my generation. It could mean many young people are forced to postpone major life decisions like starting a family or buying their first home, and I don’t think that problem is being addressed adequately.
“My hope is that GrantFairy will help to alleviate these concerns by giving students the opportunity to apply for funding so they can enjoy their university experience without the prospect of crippling debt weighing heavily on their minds.”
While there are a number of ways that students can receive grants and scholarships to support them whilst they study, including from companies, charities and from the universities themselves, these are usually not widely known or discussed.
For more information about GrantFairy and to download the app, visit the GrantFairy website: www.GrantFairy.com