OUR SOLUTION
The Go Fund eliminates 100% of the student debt of our partners. We have carefully crafted a three-phase, 70-step process, to identify those who are most qualified for the program.
Amelia
“If it hadn’t been for what The Go Fund does, I wouldn’t have made the choice to go to the field. I knew I wanted to obey and go to the unreached but I knew I couldn’t go in good conscience with the debt I owed. I thought I’d be in the states at a minimum five or six years working one and-a-half jobs and living in my parent’s basement. Praise God for good ideas and His people following through on them.”
qualification
Candidate begins by applying online. We review credit reports, personal references, and facilitate phone interviews.
Selection
Candidate submits video presentation for review. Selection committee of six rotating volunteers virtually interviews candidate. Top candidates are selected.
Mobilization
Conditionally approved candidates must pay monthly toward their student debt, sign general agreement, and prepare power of attorney paperwork.
After ten years of faithful missionary service, the student debt will be paid in full.
Learn More
Our complete process includes 70 steps to help our team partner with the most qualified candidates.
Minimum Application Requirements
To ensure that our candidates are a good fit for the program, our first filtering method is our seven minimum requirements. Each of our candidates must meet these requirements to be eligible to fill out an application for our program.
The Great Commission is too great to send those who are under-qualified.
Growing in love for and obedience to Jesus Christ
Obediently making disciples of Jesus Christ
Active in service and commitment to a local church body
Track record of growth in wisdom-filled financial stewardship
Place of service will be among the unreached
Length of service will be long-term, or until the specific task is finished
Supported and sent by a qualified sending agency
HOW PAYMENTS WORK
Power of Attorney
Before our missionary partners leave for the field, The Go Fund secures notarized power of attorney documentation. This gives us the legal right to make payments toward the student debt of our partners. This way, our partners do not have to worry about The Go Fund calling them while on the field with questions about their loan information.
Strategic Loan Restructuring
Student loans can have interest rates ranging from approximately 3-10%. Because of the large rate variance, we use tools to ensure that we pay the least amount of interest to the loan companies, to make your dollar go further. For instance, we will often extend the terms on each individual student loan, which thereby lowers the monthly payments. We then take the money we would have used on the lowest rate loans, and apply all of it to the highest rate loan. With this method, we can pay off the highest interest rate loans in the first 1-3 years of the partnership.
Loan Servicing
Our team manages the monthly repayment of student loans for each of our partners, including making payments, tracking changes in interest rates, and corresponding with loan providers. At the end of each calendar year, we prepare a 1099 form to report to the IRS and share with each missionary partner regarding the dollars allocated toward their student loans throughout the year. Though the IRS still considers our service income for the missionary, our partners may be able to offset this slight tax burden by annually deducting a portion of the student loan interest paid using IRS form 1098-E.
The 100% Model
100% of every public donation to The Go Fund goes directly toward student debt repayment.
Our Progress
Debt Paid Off
Missionary Partners
