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，以便能够大规模提供第一个受监管的、基于结果的消费者融资，并在此过程中扩大英国专业资格的参与。FCA授予StepEx独特的授权，允许发行和管理未来收益协议-“FEAs”。该项目将资助必要的基础设施，以成功地将该产品合规地交付市场。这一提议的好处是，它将为目前被排除在外的最有能力的学生提供资助--这些学生不是“父母银行”的受益人。目前政府提供的10,906英镑学生贷款不足以支付顶级研究生学位的费用（例如伦敦商学院MBA 87,600英镑），并且没有资格获得技术资格（例如创客编码训练营9,600英镑）。在英国，75%可以从这些资格中受益的人（30岁以下的人）被排除在外，因为他们无法获得超过6,000英镑的资助。提供这些资格的机构传统上依赖于国际学生来满足需求，但COVID 19已经阻止了很大一部分潜在的外国学生。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，而不考虑他们毕业后大幅提高的工资前景。这样做的后果是许多申请人被排除在外，以及无法负担的还款，导致那些接受贷款的少数人的违约率很高。StepEx将使大学和技术提供商能够为学生提供支付课程费用的能力，而不仅仅是预付费用，例如工程硕士的预付费为30英镑，000英镑或未来5年收入的7%，当收入超过25，000英镑时。类似于学生在未来的收入中给予大学“汗水公平”，为期一定的年限。这将使多达1000万失业或主要因COVID 19而面临工作风险的英国居民获得租用COVID 19后发生巨大变化的劳动力所需的技能。该项目将提供启动所需的基础设施，包括办公设施，关键运营人员，技术re GDPR/收集，营销和税务/法律的建议。StepEx将创建所有必要的技术基础设施，为教育机构提供融资解决方案，以扩大英国每年60亿英镑的顶级研究生和技术课程的参与。这将有助于英国经济反弹到新冠肺炎疫情前的水平，帮助1000万失业或面临失业风险的英国居民获得英国企业所需的技能。那些拥有最合格、最灵活和最具创新精神的劳动力的国家将最快地恢复充分就业和国际竞争力。