Income Sharing and the Future of Financing Higher Education
Eric Glustrom, Watson Institute
With ballooning student debt and tuition costs and the ROI of higher education under more scrutiny, the pressure is on to develop and scale an alternative financing mechanism for higher education. Income sharing has come to the forefront as a solution. Rather than paying tuition upfront or going into debt, students can choose to share a percentage of future income (only once their income reaches a minimum level) for a set number of years. In doing so, institutions share in the risk of the students' educational investment, are accountable to the success of their alumni, and ensure their education is affordable and students graduate without debt. This panel will convene a diverse group of investors, students, institutions, and entrepreneurs who have driven income sharing forward.
Education financing, Higher Education, income sharing, social innovation education
Eric Glustrom: CEO and Founder, Watson Institute (new model of higher education financed by income sharing and focused on developing next generation social innovators)
Meredith Parfet: Co-founder Denali Venture Philanthropy, global impact investor with a focus on financing income sharing Kaya Cameron: Social entrepreneur from Grenada and Watson Institute alumni who graduated with income sharing, Ryan Singh: Indian-American social entrepreneur, and Watson Institute alumni who graduated with income sharing. Tonio DeSorrento: CEO Vemo Education - a company which designs and facilitates income sharing agreements in the US. Felipe Vargara: CEO Lumni - a company that designs and facilitates income sharing agreements across The America's (Peruvian).
Brookings article about income sharing: https://www.brookings.edu/research/how-income-share-agreements-could-play-a-role-in-higher-ed-financing/ Denali Venture Philanthropy website: https://www.denaliventurephilanthropy.com Vemo website: www.vemo.com Lumni website: https://www.lumni.net/homeen/