As the global economy has become more knowledge-based, the importance of a university education has risen dramatically. However, only 7 percent of the world’s population currently has a college degree, reports the New York Times. There are many reasons why people fail to reach college, including, of course, lack of access to quality primary and secondary schooling. But for millions of students who could succeed in college, the limiting factor is money. At Fixes, we like to explore ideas that re-imagine how systems can work. Today, I’d like to look at the question of whether there may be a better way to pay for college than with scholarships, grants and loans. Is it possible to finance higher education the way we finance start-up companies?
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