Bold.org

Malcom Tatum, Staff Editor
Personal Finance and Student Loan Expert

Want the TLDR? I scoured the internet to find resources for nurses that are no longer in school to repay & forgive their student loans and found the best one.

Bold Is The Best Way For Nurses To Accelerate Repayment & Forgiveness of Student Loans

Want an extra $10,000 to pay off your student loans?

Then Bold.org might be for you. Don’t wait around for loan forgiveness. Bold’s new platform has been exploding in popularity as it helps hundreds of thousands of students pay for college.

This week, the company announced that it is now offering $10,000 grants to help nurses struggling with student loans. Nurses do not need to be enrolled in school.

Bold offers an alternative to loan forgiveness and can accelerate repayment. While loan forgiveness is a fantastic option it is often uncertain, has overly restrictive criteria, and can take years to make happen. Bold wants to help students get out from under debt now.

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I sat down with Bold.org’s CEO, Dror Liebenthal, who shared the following:

Student debt is in a state of crisis. Bold.org is proud to be helping anyone with student loans during this time of great need, and we are encouraging everyone to apply.
Dror Liebenthal, Bold.org CEO

Why Bold Is Tackling Student Debt?

As Dror explained, the statistics around student loans are staggering and the price of a US education continues to surge.

Today, the average college graduate has over $30,000 in loans, and the average US college tuition is now more than $41,000 per year.

In total, the US population has more than $1.6 trillion dollars in student debt, and many people don’t pay off their loans until their fifties.

Loan forgiveness is also incredibly challenging and not guaranteed, meaning loan repayment can often take decades.

How Does Bold Work?

Bold connects philanthropic donors with people that have student loans they need to repay, get forgiven, or are trying to avoid getting into debt altogether. This includes people that have graduated from school, students with loans, and prospective students seeking to avoid debt. Bold’s innovative platform makes this happen by doing the following:

Bold Makes Philanthropy Easy & Highly Personalized – It takes minutes to become a philanthropist on Bold’s platform. Additionally, Bold empowers anyone wanting to give back by lowering the amount of money needed to fund a grant as well as empowering donors to create highly customized grants.
Bold Makes Accessing Repaying Student Loans Accessible To All & Highly Personalized – For people with student debt getting a grant is as simple as creating a profile and applying. Additionally, Bold offers a ton of navigation tools so you can find the grants you’re most likely to win.

How Many Grants Are Available To Nurses and What Kind of Grants Are They?

Bold has hundreds of thousands available in funding on its platform for both students and has recently begun focusing on people with student debt that have graduated from school. Specifically, they are focused on helping nurses.

The grants span a huge range of topics including careers, academic pursuits, achievements, demographics, hobbies and so much more, which makes it possible for pretty much anyone to pay down their loans and not have to depend on loan forgiveness.

Additionally, they are making a wide variety of grants available to nurses – based on career accomplishments, specific interests within medicine, their demographic, and so much more. So even just within the field of nursing, the opportunities are huge as Bold is aiming to have a huge impact and help nurses repay their student loans.

Why Is Bold Specifically Helping Nurses Pay Down Their Student Loans?

Bold plans to help people in tons of other professions long term, but has focused on nurses for its launch because a large amount of their donor base has a deep interest in supporting our healthcare workers and improving the healthcare system.

Additionally, after doing extensive research, the team at Bold has realized that nurses have one of the highest income to student ratios in the country and they make a huge segment of the population.

As a result, given all the interest from their donors, and the opportunity to significantly impact the reduction of student debt, Bold has focused on helping nurses pay their debts down first.

DELETE YOUR STUDENT DEBT

check if you pre-qualify

Pros:

The only platform connecting philanthropic donors to people with student debt that are no longer in school.
Grants are exclusive to the platform, so your chances of winning are higher.
Protects your data. No ads or unrelated offers.
Streamlined applications on the platform.

Cons:

It takes ~15 minutes to sign up.
You need to submit new applications for each grant.

Bold.org is one of the only companies that will literally pay off your student debt. It’s a no-brainer to apply.

Why Is Bold A Better Option Than Waiting for Loan Forgiveness?

What I love about Bold’s platform is they’re giving power back to those with student debt. Instead of depending on meeting a ton of different criteria and working within very tight constraints to get their loans forgiven, motivated nurses can now accelerate their debt repayment by applying to a variety of healthcare related grants on the Bold platform.

Why It’s A No Brainer For Nurses With Student Debt To Apply

While there are many scholarship platforms for students, there are extremely few places to turn to for people who already have student debt. Not only is student debt truly is in a state of crisis, Bold has an actual track record of helping people pay their debt down and unlocking huge amounts of money from private donors. It is my hope that companies like Bold can continue to make a real difference!

BEST CHANCES OF WINNING

Ranks #1

Score: 93/100

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Pros:

Scholarships are exclusive to the platform, so your chances of winning are higher.
Protects your data. No ads or unrelated offers.
Student profile to showcase to scholarship panels.
Streamlined applications on the platform.

Cons:

Smaller than large scholarship databases.
Creating a great profile takes ~15 minutes.

Although Bold.org is smaller than other platforms here, it provides you the best chance of winning. It offers a robust student profile to ensure you look great for scholarship panels, and it provides funding exclusive to the platform, which means lower competition.

Bold.org ranked first on our list of the best scholarship platforms, with a total score of 93 out of 100. Bold is a brand-new platform that takes a radically different approach to the scholarship search and application process.

Rather than just providing a list of the various scholarship opportunities that are available on other websites, Bold differentiates itself in 3 ways:

Bringing exclusive scholarship opportunities that can’t be found anywhere else to students.
Allowing students to apply directly on the platform.
Helping students to create profiles to showcase their experience to scholarship panels.

Combining these factors, while Bold is not among the larger sites, by managing everything in-house, Bold.org provides students the highest likelihood of winning scholarships.

Bold also simplifies and streamlines the application process. Similar to other platforms, including Sallie Mae’s Scholarship Search, students create a profile on Bold, but then can also actually apply to opportunities directly through the Bold website, rather than having to create an entirely new application to fulfill the unique requirements of each awarding organization.

This common-sense approach can save students a significant amount of time and energy. Although most of the opportunities on Bold.org require a scholarship-specific essay of 500-1000 words, that is the only additional portion of the application; the rest of the applicant’s Bold profile is already saved and ready to be shared with the scholarship panel.

Creating a profile on Bold.org is a fairly lengthy process, at least compared to some of the other platforms we analyzed. Students need to answer a series of questions about their academic interests, career aspirations, employment experience, hobbies, sports, financial resources, and more.

However, while the initial onboarding takes time, students are rewarded with an impressive profile that showcases their full achievements well for scholarship panels.

Thus, it’s important for students to craft an excellent profile that expresses who they are and encapsulates their interests and aspirations. Rather than having to repeat any information, students benefit from having a single, comprehensively-detailed Bold profile that they can continually edit and improve and which will be shared across all of their applications. Additionally, students can earn “Bold Points” for completing all of the sections of their Bold profile, which gives them access to further scholarship opportunities.

Having been launched as recently as 2019, the Bold brand feels entirely modern and relevant, with an understanding of the challenges faced by today’s college applicants. Bold’s user interface works seamlessly and the platform earned high ratings for clarity, ease of navigation, and user-friendly design.

There are many very specific scholarships on Bold that are aimed at individuals of diverse backgrounds, educational experience, and interests. This nearly always increases a student’s chances of submitting a successful application, as there will be fewer overall applicants who meet the criteria for that scholarship. High school students, current undergraduates and graduate students, and prospective medical students will all be able to find opportunities on Bold.

Furthermore, all of these scholarship opportunities are unique to Bold, so students won’t find them on other platforms, which increases their likelihood of winning. Students who have created a Bold profile will be automatically notified whenever there is a new scholarship match — and this happens regularly, as the list of scholarships is constantly being updated.

Another factor that sets Bold.org apart from many other platforms is its commitment to protecting users’ privacy and personal data.

Student data on Bold is never shared with other users, affiliates, or third parties. There are no fees at all on Bold, nor will users ever receive any marketing communications. The only emails that Bold sends to its users are updates about new scholarship matches with approaching deadlines.

And because the sole focus of Bold is to provide access to scholarship opportunities, users never see advertisements or offers for any other products or services. For example, unlike Sallie Mae, which provides a detailed list of scholarships but is also in the business of arranging private student loans, Bold was established specifically to make it easier for students to find unique scholarship opportunities and for individuals and organizations to create those opportunities.

This Company Gives Nurses $10K To Repay & Their Student Loans