Mobilizing Undervalued Talent and Impact Investors for Upward Mobility…at Scale.
Sunwoo Hwang, Sixup
Sixup mobilizes low-income talent, undervalued as “sub-prime,” into Future-Prime™ - a new asset class for the capital markets and a new talent class for workforce and GDP. Leveraging a capital stack spanning for-profit and double-bottom-line investors, foundations and banks, Sixup is re-inventing transactional student lending in an outcomes-based system that funds and incubates high-achieving, low-income students. 7M Pell grantees annually face out-of-pocket gaps of $5-$15K: a billion dollar problem. Lacking credit or cosigners, they undermatch to schools with lower graduation rates, depressing lifetime earnings. Sixup provides funding then, like venture capital, adds value along the student journey to promote success. The resulting investment provides return for investors, advances mobility for individual students, improves outcomes across higher education, and promises not just to grow GDP but to tip the scales of wealth equity. Future-Prime™ is our next-generation of leaders, innovators, creators, and builders.
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Sunwoo Hwang, Founder/CEO