The Altrubanc com Fund

The Altrubanc com Fund

What is it?
The Altrubanc com Fund is the not for profit entity of Altrubanc.com. Altrubanc.com will be an online network where students who are in college utilizing student loans can receive donations to reduce their student loan position.
How does it work?
Students can receive donations towards their student loans in the form of direct donations (where donors choose students) or donors can donate to the Altrubanc com Fund and receive a charitable tax deduction. Students who achieve graduation will receive student loan debt reduction in the form of a direct payment to their loan holders after verified graduation. However if any participating students do not achieve graduation on time all donations held on behalf of those students by Altrubanc.com and the Altrubanc com fund will be redistributed to new students registered with Altrubanc.com through the Altrubanc com fund. This ensures that no donations are squandered or used for any other purpose than rewarding graduation success. We at Altrubanc believe if one student fails in not attaining graduation they should not be rewarded and more importantly their failure should not deny another student the opportunity for financial assistance.
What does it do?
The Altrubanc model will motivate students to achieve graduation thus setting them up for a better chance at economic success. It will also send graduates out into an economy with more economic power to contribute to our economy. It will grow our economy by freeing graduates from the economic burden of student loan debt to create new opportunities that will benefit us all.
Why is it important?
Well the truth is if you think student loan debt doesn’t affect you, you would be wrong. It effects everything from our productivity, our creativity and mostly our future as a nation. If students are burdened by student loan debt they are restricted in contribution to our economy in respects of consumption, contribution, and creativity and future contributions to programs such as Medicare. Graduates are putting off purchasing homes thus negatively effecting home values and reducing the property tax base many school systems depend on. In short if you are a gen X err like myself you need those behind you to be economically viable to contribute to your property values and future healthcare. 
Why do I care?
Well that depends who you are. If you value higher education, you should care. If you know the negative economic effects student loan debt has on our economy, you should care. If you believe it is unfair to reward graduation success with crippling debt, you should care. If you have children you wish to have access to higher education, you should care. If you know the American dream is dead and it needs educated intelligent people to rebuild it, you should care. 
Who does Altrubanc benefit? 
Well, obviously students who wish to reduce their student loan debt. Universities can utilize Altrubanc to help their students raise funds for student loan debt reduction and further motivate their students to graduate. Parents who wish their kids in college reduce their student loan debt. Same for family members. Business interest could utilize Altrubanc to recruit future employees in exchange for donations to pay off their student loan debt.
Will the Government save Higher Education?
In short, no. Even if our government could agree to a policy to address student loan debt current events have shown that those policies can be taken away by future administrations. The best way for the Federal government to address student loan debt would be to use tax dollars in the form of donations to students registered on Altrubanc.com and benefit from the financial efficiency it provides. You’re welcome. 
What we are doing right now?
Begin fundraising to build the network and infrastructure for operation of the Altrubanc.com network and required staff to begin accepting students.

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