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What is cfedu.org?
Cfedu.org is a crowdfunding platform that your child can use to gather donations for his/her higher education from near and dear ones by providing goals and academic progress as leverage.
How do you sign up?
Parents can sign up for the cfedu account and then add their children and provide them with their own accounts and individual personalized pages.
What accounts are connected to cfedu.org?
Educational accounts are provided by NGD financial organizations neobank, Edubank, where parents can create educational accounts for their children.
What kind of educational accounts are provided by Edubank?
The UGMA, UTMA, and 529 educational accounts are the main accounts catered to by Edubank.
How can I set up a parental account on cfedu.org?
Log on to cfedu.org and then select sign up. This will take you through a sign-up process for the parental account on cfedu.org. After you’ve set up the educational account you can add your children as sub-accounts whenever you want.
What is Communities for Education?
Communities for Education is the 501(c)4 non-profit organization of the NGD Consortium that caters to helping children save for their higher education. CFE and its NGD Financials, Neobank, Edubank, helps create financial literacy among children while also allowing them to set up educational accounts that help them save for their future education.
How can near and dear ones donate to children's education?
The parents can set up their accounts and then add their children as sub-accounts that can be personalized for the child. After that, a crowdfunding link can be generated and shared among near and dear ones for them to use and donate to the child's education.
What happens when you go onto the cfedu child’s personalized crowdfunding page?
The link will pop up a paywall that will require you to verify your connection to the child. When approved by the parent you will be required to donate a minimal amount in order to access the child's page. After that, you can view the child's academic progress, goals, and other things mentioned on the site.
What kind of donations are accepted on the cfedu child’s page?
There are both single time and recurring donations accepted on the cfedu page for personalized children’s pages.
Can children start their own crowdfunding goals?
Yes, the children can start their own short-term or long-term goals, be it buying a bike or an electronic device or be it paying for their art classes. Any goal can be turned into a crowdfunding program under the approval of the parent.
Do the kids have to show their academic progress reports on their cfedu page?
Yes, adding their academic progress reports is an essential part of setting up their personalized pages and can act as leverage for the donations that will come in from the near and dear ones.
Are the donations refundable?
No, the donations made on the platform are absolutely non-refundable.