How frequently will I be charged?
Based on the “Backer Plan” that you sign up for above, you’ll be charged that amount monthly on the day of the month that you sign up. For example, if you sign up on the 8th of the current month, you’ll be charged every 8th of the month thereafter.
How are my funds used?
Each month, we take the pool of funds that you generously give and use 50% to pay off recipients’ entire student loan debt (plus taxes they must pay to receive this gift). The remaining 50% is then distributed into official Five92 Post-College Scholarships™ in the amount of $5,920 and given to additional recipients.