menu

frog design: Access Granted

frog design: Access Granted
Advertising

A new challenge from frog, MTV, the College Board, and the Bill and Melinda Gates Foundation asks students to find the most innovative technology to help alleviate the financial burden of college.

frog
  • 21 september 2010

A new challenge from frog, MTV, the College Board, and the Bill and Melinda Gates Foundation asks students to find the most innovative technology to help alleviate the financial burden of college.

Most students realize that to find meaningful jobs or pursue their own entrepreneurial passions they’ll have to get a college degree. In a recent report from Georgetown University, economists project that over 60 percent of jobs in 2018 will require some education or training beyond high school. Yet, entering college today is more difficult than it’s ever been. The pressure of filling out applications, taking entry exams, and actually deciding which college is the best fit for you is enough to trigger an early life crisis. But for many that’s not the biggest concern; it’s money. Paying for college is perhaps the largest obstacle facing prospective freshmen.

Attending college costs far more than it did 30 years ago. The average university asks $60,000 in tuition, and that doesn’t include the price of textbooks or the steep cost of living. For students in low or middle income families, borrowing money is the only alternative, but more are asking if accruing hefty debts so early in life is the best way to get a start. For the first time in US history, college aid debt in the country has surpassed credit card debt — the total is $830 billion. Even if a student decides to invest in higher education, navigating the confusing maze of financial aid options can be a real deterrent.

Ideally, money shouldn’t be a barrier to higher education at all; college should be equally accessible to those seeking knowledge and experience. But until that happens, prospective students ought to at least have an easier time understanding the financial reality of completing college.

My own poor grasp of the subject when I was in college included imagining Sallie Mae as an old woman, hoarding money somewhere. I would huddle with the other students on financial aid at my school to exchange advice on finding hidden scholarships so we could ensure a place in class the following semester. Finding the funding was like another course load of work — and I didn’t get credit for it like the students at Wellesly.

For most young people, there isn’t the time or the guidance needed to dispel the mystifying process of applying for college funds. According to the American Council on Education, 2 million college students don’t even apply for any of the nearly $70 billion in financial aid the government distributes each year.

So frog, MTV, the College Board, and the Bill and Melinda Gates Foundation are teaming up to make sure students are empowered with the information they need to make sense of their financial future. We’ve launched the “Get Schooled College Affordability Challenge.” We’re asking current and aspiring college students to create digital tools that’ll connect students to funding throughout their college experience. The winning design will get a fat prize of $10,000. frog will work with three finalists to realize their ideas through a rapid collaborative design process over a 2-week period. The winner will get $100,000 to develop and bring their ideas to fruition. To submit ideas you can go here.

In the meantime, if you are looking to hear more solutions to the growing problem of college debt, this year’s Social Capital Conference (SOCAP) features a session, “Innovative Education Finance Platforms.” The panel brings together Kushal Chakrabarti of Vittana, Filipe Vergara of Lumni Finance, and Jordan Meranus of New Schools Venture Fund. I’m hoping they’ll offer alternative ideas on how inserting entrepreneurial thinking into the creation of new economic models can get students out of debt and into the classroom.

By Kristina Loring

Reprinted with kind permission from design mind, a publication of global innovation firm frog design.

Advertising
Trending

Editorial Roundtable: What A People-First Workplace Must Prioritize First

Work
Syndicated Yesterday

What Could The Highway Of The Future Look Like?

As technology for automated vehicles improves, there’s a sharper focus on building a ‘smarter’ infrastructure where they can thrive

Design Yesterday

Plastic Wind Trees Are Bringing Sustainable Power To Residential Homes

These French-made turbines are offering a small, aesthetically pleasing approach to affordable personal energy

Trending

Get PSFK's Latest Report: Future of Work

See All
Home Yesterday

Dyson’s Wi-Fi Connected Fan Purifies, Cools & Heats The Air

The new luxury home appliance aims to be an all-in-one device for the connected home

Education Yesterday

Bringing Virtual Reality And Telepresence Robotics To E-Learning

This Learning Management System is embracing new technologies to reallocate teaching resources to where they should be going

PURPLELIST EXPERTS

Ellie Kemery

Technology, Education, Spaces

Advertising Yesterday

Brewing Company Turns Car Emissions Into Ink

Tiger Beer has created a sustainable process to transform air pollution into supplies for street art

Design Yesterday

Space-Saving Sofa Has Extra Furniture Hidden Inside

Living in an apartment with limited space? This three-in-one bed transforms based on your needs

Culture Yesterday

Browser Extension Blocks Any Pages That Make You Unhappy

The software can detect your facial movements and prevent content that brings up negative emotions

PSFK LABS REPORT

Future Of Work
Cultivating The Next Generation Of Leaders
NEW

PSFK Op-Ed august 24, 2016

Why Building Better Offices Is The Key To Employee Engagement

Interaction Designer and Audio-visual Technologist at ESI Design illustrates the value in creating environments filled with surprise and delight

PSFK Labs august 25, 2016

PSFK’s Workplace Vision: How The Nurturing Of Seeds Will Come To Define The Onboarding Process

Our Future of Work vision is a service that allows companies to assemble and deliver welcome packets that are uniquely focused on the concept of growth

Automotive Yesterday

Reserve Your Parking Spot Before You Even Get Behind The Wheel

A new Ford app allows drivers to select and arrange for a space in a garage to be available at the end of their journey, so they can travel worry-free

Work Yesterday

PSFK’s Workplace Vision: The Desk Is Becoming An Ecosystem Of Satellite Workstations

Our Future of Work vision is an app that frees employees from the tyranny of a static desk

Food Yesterday

A Tiny Amount Of This Powder Could Block All The Bitterness In Food

A new substance made from mushrooms can bond with taste receptors on your tongue to overcome unpleasant flavors

Asia Yesterday

Whimsical Dental Clinic Design Aims To Calm Patient Fears

Cheerful colors and a nod to the comforts of home are design elements tactfully aimed to help people relax

Mobile Yesterday

Messenger Service Only Delivers You Updates Three Times A Day

Formal is a new app designed to help people ignore the constant stream of texts from their phone and focus on what's in front of them

INSIGHTS COVERAGE

Rio Olympics
Innovation Coverage From The Rio Games
READ NOW

Design Yesterday

Movable Vacation House Constructed Using Concrete Boxes

The 4,000 square foot building is made up of modular frames so it can be relocated if needed due to coastline erosion

Design Yesterday

Redesigned Electric Fan Collapses For Easy Storage

Conbox can be kept in pieces and packed away when not in use

Ai Yesterday

LawyerBot Is Now Helping Homeless People Qualify For Government Housing

This robot helps people get out of parking tickets and provides free legal advice to those in need

No search results found.