Lodges:
- Groups of 5-13 members
- Some members have student debt, some do not
- All are committed to reducing the members' student debt
- Members share information about student debt and pay-down progress
- Members with student debt must stay in good standing with their loan servicer
Extra payments:
- Boost payments happen every month
- Every lodge member with student debt gets a boost payment
- Boost payments go directly to loan servicers to ensure debt reduction
- Boost payment size: the lodge's monthly income, divided by the number of members with student debt
- Boost payments get bigger as a lodge retires student debt
Fund raising:
- Members pay monthly dues
- Members may donate
- Non-members may donate to lodges or the Grand Lodge
- Non-members may donate for debt reduction or operating expenses
Operating expenses:
- Paid by donors, not by lodges
Grand Lodge:
- Acts as a financial clearing house for lodges
- Transparently reports all monthly transactions to the lodges
- Provides organizational umbrella