25 year-old Denis wants to attend the MFA program at Hollins in the fall, but can’t afford to go. Sound familiar? Denis’s solution, though, is new. He decided to do some internet fundraising. He writes on his blog:

Instead of asking people to loan me money for school, I’m now asking them to simply give me money. To that extent, I’ve created a fundraising page on fundable, and if you can spare $10, please pledge towards my goal. Since I can’t get a loan and there is no way my parents can pay my tuition, I’ll have to rely on the kindness of strangers.

You can check out his fundraising site directly here. At time of writing, Denis only had $10 in contributions. Is this because his campaign is brand new (launched 7/13/09) or because there’s a recession on, or because this idea simply isn’t going to work?

There’s also this article, over at Publisher’s Weekly, about writer and blogger Dianna Zandt, who, after signing a deal for her first book that provided no advance, decided to “crowdfund” the money she needed to write over the summer. It helps that her topic is “…writing about the power of social media to shift perceptions and cultural values.” She’s been pretty successful so far, it seems – you can read her thoughts and feedback on the process (plus tips for others who are considering going the the same route) here.

What do you think? Are Denis and Deanna smart to try this approach? Is their initiative laudable? Do their requests for funds seem justified to you? And is this a sign of things to come?