Last night I watched a tv show that was reviewing a website set up to collect donations for individuals so that they could fund inventions, musical recordings, books and other products that require start up capital. Over the past 2 1/2 years the website has recieved over 100 million dollars in donations. Now, what is interesting is that these donors sent the money to the individuals with no guarantee that the money would be spent as intended. The money went right into the individuals bank accounts to spend as they determine is appropriate. The donors sent money based on good faith.  Personally, I dont think I would send money to some unknown person for something that they “might” do.

Accountability is one of the things that makes the StudentLoanList so great. Students pay a very small fee to be on the list, and because of the way we process donations, our donors will know that their donations are being used 100% toward the student loan debt of the anonymous individual that they select to assist.