Thanks for the contribution. I totally understand what you're saying and I'd like to avoid any negative side effects on the students' motivations and goals at all costs.
I know for some businesses they implement a sort of balanced scorecard to evaluate bonuses and raises. This scorecard takes into account all sorts of aspects, such as performance, getting along with coworkers, helpfulness, etc. Maybe we could implement this idea to what I'm doing here. The aspects part might take some time to develop representative and useful criteria however.
In turn, the sponsors would be sponsoring not only based on grades, but depending if they fit the criteria that we decide on. Will definitely take some more thought though. What do you think?
Yeah It seems so far that most of the feedback I've been getting is about how the external incentive of getting rewarded for good grades may affect the way students' view their education and even the classes they choose to take. I understand the points given and would like to somehow modify it so that we can reduce any room for these types of motivation changes. I also want to avoid adding another pressure on top of the student, such as them having to worry about how they are funding their college education. I want this to be somewhat of a rewarding process, not stressful.
Maybe we could make this a private process where students aren't exactly sure what contributes to their funding but still have to report their grades each semester? And then they get compensated appropriately? Not too sure honestly. Thanks!
When students are trying to get their courses sponsored, I believe it could beneficial to also have a profile for the student. This would be a page where the student could share their story, where they come from, and what their ambitions are with their college degree. I think this would allow for donors to feel more invested in the students and even donate more to students they enjoy.