Munich, 16 March 2010 – Asset class education develops valuable opportunities for the future for young people and provides investors with attractive returns. Many school graduates are able to study in institutions of higher education only once private capital is mobilised for education. “In Germany, less than 2% of students receive a stipend and only 25% receive student loans,“ says Rolf C. Zipf, executive, CareerConcept AG. “Therefore, three-quarters of the students are left on their own in terms of financing their education; the planned national stipend system is also not going to make any fundamental changes to this, assuming it even gets implemented.“ Thanks to education funding, some of the students who would normally be scared off by the debt burden of student loans could study.
Investors in asset class education profit from double social sustainability. On the one hand, the resources invested open up opportunities for education. On the other hand, the returns can be reinvested. This creates a type of "generational contract for education".
As all investors profit so do some foundations which would like to prescribe education financing as they also profit from the financial returns: “So far, we have achieved an annual gross return of nearly 10% on invested capital with well over one hundred completely finished contracts,’’ stresses Zipf. “Hundreds of other contracts are in the redemption stage and we expect similar success: In 2009, approximately 160,000 Euros were paid back by students - and every month.’’ At the same time, the funding recipients had the assurance that they would not be overwhelmed when they repaid according to their income as arranged in their contracts. According to the student funding experts, asset class education enables a classic win-win scenario for investors and students alike.
CareerConcept (www.career-concept.de) is the "inventor" of privately financed education funds (www.bildungsfonds.de) - also known as study funds - in Germany. Companies, foundations and individual investors provide capital to fund their studies of the selected students. After the completion of studies and entering the work force, the funding recipients repay a portion of their income back into the education fund for the studies of the subsequent generation. Unlike a student loan, there is no repayment obligation in cases of unemployment. CareerConcept works with several universities and colleges, supports thousands of students and is backed by premier investors who are committed to financial and economic return as well as academic education in Germany.
Information: CareerConcept AG, Lindwurmstr. 109, 80337 Munich, Tel.: 089 / 122800-80, Fax: 089 / 122800-87, E-Mail: info [AT] career - concept [dot] de, Web: www.career-concept.de, www.bildungsfonds.de, www.studienkredit.de, www.studienfinanzierung.de and www.bachelor-studium.org
