Innovative education finance enabler predictive algorithm and automation

创新的教育金融推动预测算法和自动化

• 批准号: 85551
• 金额: $ 12.71万
• 依托单位: STEP EXCHANGE LIMITED
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2020
• 资助国家: 英国
• 起止时间: 2020 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=85551
• 关键词: Innovative; education; finance; enabler; predictive

This project will create the technology infrastructure to enable provision at scale of the first regulated, outcome-based consumer finance, and in doing so widen participation for the UK's professional qualifications. The FCA have granted StepEx unique authorisations that permits the issuance and management of Future Earnings Agreements- "FEAs". This project will fund the necessary infrastructure for the successful and compliant delivery of this product into the market. The benefit of this proposition is it will provide financing for the most able students who are currently excluded -those who are not beneficiaries of "the-Bank-of-Mum-and-Dad".The Government student loans of £10,906 available today do not cover the cost of top post-graduate degrees (e.g. London Business School MBA at £87,600) and are ineligible for technical qualifications (e.g. Makers Coding Bootcamp £9,600). 75% of people in the UK who could benefit from these qualifications (those under 30-years-old) are excluded as they are unable to obtain more than £6,000 of funding. The institutions that provide these qualifications have traditionally relied on international students to fill demand however COVID19 has deterred a significant portion of prospective foreign students.Debt providers are unable to provide an effective solution for this market because they are legally and commercially obliged to assess applicants based on their past income and expenses, which does not consider their greatly improved salary prospects upon graduation. The consequence of this is the exclusion of many applicants, and unaffordable repayments that lead to high default rates for those few that do take loans.StepEx will enable universities and technical providers with to offer students the ability to pay for a course with a share of their future graduate income rather than just an upfront fee for example a Master of Engineering for an upfront fee of £30,000 or 7% of future earnings for 5 years when earnings exceed £25,000\. Akin to students giving the university "sweat equity" in their future income for a defined number of years. This will allow the up to 10m UK residents who are unemployed or whose jobs are at risk largely due to COVID19 to attain the skills required to renter the much changed post-COVID19 workforce.This project will provide the necessary infrastructure for launch, including an office facility, key operations staff, technology re GDPR/collections, marketing and tax/legal advice.Upon successful completion of this project, StepEx will have created all of the necessary technology infrastructure to provide the financing solution being sought by education institutions to widen participation in the £6bn worth of top post-graduate and technical courses in the UK each year. This will assist the UK economy rebound to preCOVID19 levels by helping the 10m UK residents who are unemployed or at risk of unemployment, obtain the skillsets required by UK businesses. Those countries with the most qualified, flexible and innovative workforces will return most quickly to full employment and international competitiveness.

该项目将创建技术基础设施，以实现首个受监管、基于结果的消费金融的规模提供，并以此扩大英国专业资格的参与范围。FCA 已授予 StepEx 独特的授权，允许发行和管理 Future。收入协议-“FEA”。该项目将为该产品成功且合规地投放市场提供必要的基础设施资金。该提案的好处是，它将为目前被排除在外的最有能力的学生提供融资。不是“爸爸妈妈银行”的受益人。目前提供的 10,906 英镑的政府学生贷款不包括顶级研究生学位的费用（例如伦敦商学院 MBA 的费用为 87,600 英镑），并且不符合资格技术资格（例如，Makers Coding Bootcamp 9,600 英镑），75% 的英国人可以从这些资格中受益（那些低于这些资格的人）。 30 岁）被排除在外，因为他们无法获得超过 6,000 英镑的资金。提供这些资格的机构传统上依赖国际学生来满足需求，但新冠肺炎疫情却让很大一部分潜在的外国学生望而却步。债务提供者无法为这个市场提供有效的解决方案，因为他们在法律和商业上有义务根据申请人过去的收入和支出来评估申请人，而没有考虑到他们毕业后薪资前景的大幅改善，这样做的后果是许多申请人被排除在外。 ， 和难以负担的还款额，导致少数贷款者的高违约率。StepEx 将使大学和技术提供商能够为学生提供用未来毕业生收入的一部分来支付课程费用的能力，而不仅仅是预付费用工程硕士，预付费用为 30,000 英镑，或者当收入超过 25,000 英镑时，为期 5 年的未来收入的 7%\ 类似于学生向大学提供其未来收入中的“汗水股权”。这将使多达 1000 万失业或工作面临风险的英国居民获得雇用新冠疫情后发生巨大变化的劳动力所需的技能。该项目将为启动提供必要的基础设施，包括办公设施、关键运营人员、GDPR/收款技术、营销和税务/法律建议。该项目成功完成后，StepEx 将创建所有必要的技术基础设施，以提供教育机构寻求的融资解决方案广泛参与英国每年价值 60 亿英镑的顶尖研究生和技术课程将通过帮助 1000 万失业或面临失业风险的英国居民获得英国所需的技能来帮助英国经济反弹至新冠疫情之前的水平。那些拥有最合格、最灵活和最创新劳动力的国家将最快恢复充分就业和国际竞争力。