News

College grads sell stakes in themselves to Wall Street

Claire Boston  |  April 15, 2019

Americans owe $1.5 trillion in higher education debt, a burden that weighs down their dreams and the U.S. economy. … 'I envision a whole new equity market for higher education in the next five years where today there’s only debt,' says Chuck Trafton, who runs hedge fund FlowPoint Capital Partners LP, which has invested in ISAs, including Purdue’s. … The last big ISA experiment—at Yale University in the 1970s—ended up as a cautionary tale.

Read the full article on: Bloomberg

 
comments powered by Disqus