ReadWriteWeb

Online study group community Cramster announced today that the company has raised a $3 million investment and after checking out the site, we can see why. This active, full featured and well design service looks really compelling for students and has a solid business model.

Members can participate in forums about homework, get quick answers to questions 24 hours a day and access explanations of problems from more than 200 of the most popular text books in 7 subject areas. There are free and paid membership levels at $10 per month and users deemed helpful by others can receive financial rewards like gift certificates.