CampusBuddy, an online service where college students can access official grade records and reviews about colleges, is launching a new service called CollegeBudget, which aims to bring daily deals and group buying, including food, clothing, textbooks and student loans – and one day in the future, potentially tuition, to campuses across the country. At the public launch over 100 merchants are expected to participate and deals will be in the 50% off range.
CollegeBudget, which is only for college students and requires a “.edu” email address to sign up, has already 600,000 college student members since it launched its private beta in March of this year, claims to have saved college students over $1 million collectively.
CollegeBudget will, on average, be taking a 40% cut from deals it sells but will assist merchants in promoting their deals on the platform through social media marketing campaigns at no cost. Merchants signing up to offer student deals receive a YouTube testimonial video made by a college student, as well as social media blasts to CollegeBudget’s 130,000 plus Facebook fans and 3,000 Twitter followers. Source
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