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Education Fund Demand at 120 Million Euros
CareerConcept AG has seen a strong demand for its education funds program once again in the past financial year. The study financing pioneer revealed today in Munich that almost 120 million Euros have been sought by applicants for education fund financing in the past three financial years. This is significantly more than an average of three million Euros per month.
"Our education fund financing is among the most flexible on the market because we also finance foreign, doctoral and graduate programs," says Rolf C. Zipf, Executive of CareerConcept AG. "In addition to repayment geared to income, the flexibility has helped us in this very high demand."
The company also stressed at the same time that, ultimately, only part of the demand could be served by student finance contracts. On the one hand, the interested parties must undergo a demanding application process in which good marks, above all, personality-oriented aspects and a clear career objective are decisive. It is only in this way that the the education fund inventors can sufficiently predict the expected repayments.
On the other hand, the available funds which have been implemented into the education funds are still limited. "The convincing and stable returns to our existing student finance portfolio, however, emphasize the attractiveness of the asset class education in quite an impressive manner," said Zipf. "We are confident that several more top investors will see great reasons to invest with Career Concept in the asset class education in 2011."
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.
Press contact: CareerConcept AG, Lindwurmstr. 109, 80337 Munich, Tel.: 089 / 8099071-60, Fax: 089 / 8099071-55, 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
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