Originally Posted by NotherBen
one of the schools DS applied to actually mentions it in a communication
Indeed! This link describes that "Raise.me charges participating institutions annual fees of $4,000 to $20,000."

Some may wonder whether that fee may depend, in part, on how many students may be referred to Raise.me... I believe the student data is regarded as an "asset" to be inventoried and sold... and I further believe that the data collection is the REAL business of this organization.