TCU students are among the fastest growing population of users of the new money pooling app called Tilt.
Usage for the app ranges from tailgates and spring break trips to shared costs between roommates and raising money for philanthropy events.
There are four TCU student ambassadors working for Tilt on campus, according to a Tilt spokesperson, who requested to be anonymous.
Since the app’s launch in 2012, Tilt has shifted from raising money for fundraising events to a low-risk tool for college students who need to raise money.
The spokesperson said that TCU students have used Tilt to hire a professional face painter for a Crew event, to buy a new phone for a friend and to collect $2,000 for a Whataburger employee who was having financial trouble.
Users set a monetary goal known as the “Tilt Amount,” the spokesperson said.
“No one is charged unless the minimum goal is met, so really the entire campaign is a completely risk-free, win-win opportunity and one well worth participating in,” the spokesperson said. “This means if you have to cancel for whatever reason, no one has to worry about getting their money back.”
Kathleen Krippel, a junior marketing major, started using the app a year ago. Krippel said she heard about the app from friends at the University of Texas at Austin. She used the app to pay for a Rangers game with friends and her 21st birthday party.
Krippel said she tried to use the app to plan a cycle party in Fort Worth with friends this summer, but they didn’t reach their goal amount so no one was charged.
If the fundraising goal isn’t met, the money is returned to all the Tilt participants that donated.
While Tilt provides the ability to provide funding for event planning, there are some issues with the app.
“The only problems I have with Tilt are the annoying emails I receive every day,” Krippel said. “Also, it takes about two to three business days to transfer the money from your account so it’s not instant.”
Tilt is popular on large college campuses such as the University of Texas and the University of Mississippi.
Tilt was made free to everyone on the web last August, the spokesperson said.
The app has more than 200 college ambassadors and is on 120 college campuses.
The primary responsibility of a Tilt college ambassador is to get their friends familiar with using Tilt, the spokesperson said.
“The Tilt app will change all money collecting as we know it. Tilt is social, mobile and free,” the spokesperson said.
There is a $10 promo code for TCU students’ first Tilt: TCUFIRST10.