Need money for a college education? Try crowdfunding

The cost of a college education just keeps going up. In its most recent report, the College Board found that the estimated annual budget (which includes all fees associated with attending college) ranged from $17,000 for a two-year commuter school to $49,320 for a private non-profit, four-year on campus education.

It's no surprise then, that college students and the people who love them, have found more innovative ways to raise money for college. Yes, there are traditional 529 plans and Roth IRAs to help parents stash away college money from the day a child is born, but for the many students who don't have those resources, crowdfunding has increasingly become a way to fill in the gaps.

Students have been using GoFundMe to help raise money for their educations since the company was founded in 2010, but in the last few years, there has been a significant increase in these campaigns. More than $100 million has been raised for education related expenses by users and education related campaigns are one of the fastest growing categories on the site.