Student loan debt has surpassed $1 trillion and yet the cost of college tuition continues to rise.
Instagrad launched its attempt to solve this problem today. The startup has built a crowdfunding platform to help parents pay for their kids’ college education. Parents create campaigns on Instagrad where friends and family can invest in a child’s established 529 savings plan.
They can include photos, messages, and fun facts and share the campaign on social media to attract support. Instagrad has also built a template for holidays and birthdays so parents can turn these events into fundraising opportunities.