Frequently Asked Questions
-
MY RICH AUNT complements but does not replace college emergency funds.
While emergency grants cover urgent needs, MY RICH AUNT supports non-emergency expenses, such as:
Study abroad programs
Fees and equipment for extracurriculars
Travel for family to attend on-campus events.
·Emergency funds can be underused due to lack of awareness and stigma. MY RICH AUNT offers a quick, easy, and shame-free process.
-
MY RICH AUNT complements non-profit-operated micro-grant programs (like HELPS, Achieva Atlanta, and FAST), which focus on emergencies.
-
MY RICH AUNT offers a user-friendly experience like GoFundMe, with the added benefit of allowing donors to make tax deductible peer-to-peer online donations via MY RICH AUNT with the funds designated for and sent to verified students at accredited schools.
-
Following our pilot launch, may expand to include:
Retailer partnerships (e.g., Costco or Amazon) for student/dorm apartment wish lists funded by donors.
peer-to-peer loan service (such as Solo Funds)
Opportunities for grant recipients to “pay-it-forward” through community service or post-graduation donations.