Sponsored Volunteer Work Provides An Alternate Way To Pay Off Student Loans [Video]

Sponsored Volunteer Work Provides An Alternate Way To Pay Off Student Loans [Video]

New site offers a refreshing way to take the heavy weight of debt off young people's shoulders.

Lara Piras
  • 27 november 2013

In this day and age when leaving university, students are on average, in over $40k in debt and have to dish out around $500 a month as soon as they enter employment. As a whole the country is in an astonishing $1 trillion in debt due to the increase in interest and the amount of loans themselves.

Enter Zero Bound, a service that helps students and alums pay off their college loans in a completely beneficial way by volunteering. The project is a unique combination of volunteering and crowdfunding and works by getting companies that would benefit from volunteers on board and donating a small amount for each project. Students set a 30-day crowdfunding and volunteer goal (i.e. I want to raise $500 and volunteer 30 hours next month) and raise funds for 30 days from personal contacts, while Zero Bound also help bring in additional sponsors. Users can sign up for community service tasks of their choice on the Kickstarter-like site such as Habitat for Humanity.

Zero Bound has already had much success, and with the tag line ‘ You are not a Loan’ we’re sure this project is going to be somewhat of a breath of fresh air for former students today.

Watch the video below:

Sources: Zero BoundThe




Dubai And The Future Of Humanitarian Design

Design & Architecture
Technology october 21, 2016

Concept Camera Designed To Only Take Unique Photos

Camera Restricta is tool that prompts photographers to only capture one-of-a-kind images

Design & Architecture october 21, 2016

Fragrance Will Release The Smell Of Data If Your Private Information Is Being Leaked

The device is designed to create a physical cue for the potential dangers lurking online


Get PSFK's Related Report: Sports Debrief

See All
Retail october 21, 2016

LYNK & CO Is A New Auto Brand That Promises Mobile Connectivity On Wheels

Online access and mobility sharing are driving the company to disrupt the auto industry

Related Expert

Johanna Bjork

Sponsored, Work & Business, Design

Travel october 21, 2016

Become A Citizen Of The First Nation In Space

Asgardia is a new concept for a floating society above Earth

Entertainment october 21, 2016

Speaker Displays Song Lyrics As Music Is Played

The device is able to generate the graphics on a translucent screen and retrieve the words from a connected database

AI october 21, 2016

Travel Assistant Scans Your Emails To Make Planning Easier

This AI add-on will sync with your inbox and sends reminders to make sure you don't miss anything important


Future Of Automotive
Scenarios Driving The Digital Transformation Of An Industry

PSFK Op-Ed october 21, 2016

Health Expert: Nutritional Meal Replacements Are A Solution To Corporate Wellness

Ample Foods Founder Connor Young explains why supplements are the next food trend coming to the workplace

PSFK Labs october 21, 2016

PSFK Picks: Top 5 Performance-Enhancing Wearables

Our new report looks at innovations pioneering the future of performance through intelligent activewear and predictive analytics

Millennials october 21, 2016

FOMO Survival Kit Helps Millennials Cope With Social Anxieties

The satirical product is meant to be a playful diversion for people who feel like they are missing out

Food october 21, 2016

New York Restaurant Uses Tomato Sushi As Its Newest Meat Alternative

fresh&co is using sous vide Roma tomatoes to create a vegan option that has the texture and taste of tuna

Advertising october 21, 2016

Red Bull Converts Sao Paulo Payphones Into Data-Driven Bus Schedules

The booths allow city residents to check local transit times through a simple toll-free phone call

Retail october 21, 2016

Why Experiential Events Could Replace Trade Shows

Marketers are seeking creative and impactful new ways to connect with influencers

Children october 21, 2016

Modular Kit Teaches Kids How To Make Their Own Robots

MODI features magnetic modules and a platform for programming to encourage experimentation

Infants october 21, 2016

Work Table Doubles As A Baby Seat

Designer Kunsik Choi created the furniture to facilitate emotional communication between between parents and their children

Technology october 21, 2016

Album Turns Into Something New Each Time It’s Streamed

Bill Baird's new album explores the relationship between time and music through a website crafted by design team, One Pixel Wide

Technology october 21, 2016

Wearable Device And Lamp Recreate Beautiful Sunsets In Your Home

Sun Memories can record up to six hours of natural light and reproduce it via a connected light at a later date

No search results found.