CollegeNET Receives Corporate Philanthropy Award from Portland Business Journal
Portland-Based Company is Recognized for Second Consecutive Year for Providing More Than $750,000 in Scholarships Nationwide
Portland, OR, December 6, 2010
CollegeNET, Inc., a provider of Web-based, on-demand technologies and the creator of CollegeNET.com, the social network through which students create topics, write about them and vote to determine who will win scholarships, today announced it is a recipient of Portland Business Journal's Corporate Philanthropy Award for the second consecutive year. The award celebrates regional organizations that are giving back to their community and congratulates them on their continued corporate citizenship.
Launched just 3 1/2 years ago, CollegeNET.com has already provided more than 250 students with higher education funds and has awarded more than $750,000 in scholarships to date. One of the Internet's most popular sites for researching and applying to college, CollegeNET.com provides students with an open forum to discuss current events, trends, college-related topics or other issues. Students are encouraged to initiate and respond to as many forums as they choose and vote for fellow participants they consider most qualified to win the weekly scholarship. Scholarships are awarded based on a student's level of participation on the site as well the number of peer votes they receive.
"CollegeNET is honored to be recognized for our support of higher education for the second year in a row," said Ed Trachtenbarg, vice president of finance, CollegeNET. "Most scholarships are awarded by committees who base decisions on standard criteria such as a student’s ethnic background, income, age and grades. At CollegeNET.com, we give students the primary role in choosing scholarship winners."
CollegeNET has provided colleges and universities with Web-based services for admissions, academic and event scheduling, alumni development and e-commerce since 1979. The company was the first to provide administrative Software as a Service (SaaS) in higher education, and holds several patents for it electronic forms technology. Recognizing a need for a scholarship system that encourages students to actively learn from each other as they seek scholarships, the company introduced CollegeNET.com, the first social network for scholarship awards, in 2007.
CollegeNET also offers opportunities to other scholarship providers wishing to leverage the popularity of this social networking site in promoting their respective scholarships. To sponsor a scholarship on CollegeNET.com, please contact Jill Thacker at email@example.com.
Please visit www.applyweb.com/elect/news/2010-09-AlumniNews.pdf for CollegeNET.com’s inaugural student newsletter, which provides tips for college and university students, profiles of past student winners, and more.
Schwartz Communications, Inc.
About CollegeNET, Inc.
CollegeNET, Inc. builds Web-based, on-demand technologies that help institutions improve operational efficiency, enhance communication with constituents and save money. The company's systems are used by more than 1,300 institutions worldwide for event and academic scheduling, prospect and admissions management, Web-based tuition processing, and alumni development. CollegeNET operates a fast-growing social network through which students create topics, write about them, and vote to determine who will win scholarships. Today, this site—www.Collegenet.com—is one of the Internet's most popular destinations for college-bound students. The company is headquartered in Portland, Oregon.