As we all grapple with the economic and social consequences of the past year, many asset owners are seeking to activate their investment portfolios to advance racial and social equity more broadly. Investment in higher education and workforce development remains a proven pathway for achieving these goals.
The US is experiencing a crisis in education finance which is impacting educational access, completion, and the upward social mobility that higher education is meant to facilitate. Job insecurity and a rapidly evolving skills economy during the COVID-19 pandemic have laid bare the risks of traditional student financing. Moreover, these risks are amplified for low-income and minority students, raising a critical need for a flexible student financing tool that breaks down barriers to higher education enrollment without placing undue risks on student borrowers.
Income Share Agreements (ISAs) are a nascent but promising education financing structure that allow students to fund their education through a controlled share of their future income, aligning repayment with positive post-graduate outcomes. When strategically applied, ISAs can be used to support and scale higher education models that are delivering positive results for underserved student demographics.
Impact Capital Forum is excited to partner with Outcome on this event. The goals are to provide a fundamental overview of ISAs, discuss the present and future trajectory of the sector, and highlight the role that impact capital can play. Join us for a forward-thinking conversation on the potential of ISAs to deliver both financial return and large scale social impact that addresses educational access, racial equity and income mobility.
We are fortunate to have Senator Todd Young joining us for a special keynote. Senator Young was one of the bi-partisan Senators to introduce the 2019 ISA Student Protection Act to improve an innovative financing tool for students pursuing postsecondary education.
Our distinguished panel also includes:
Ethan Pollack is a Director at Jobs for the Future, where he leads Financing the Future, an initiative that seeks to reimagine the way education and skills development investments are financed. He explores innovative approaches to education financing, including income share agreements, aims to track the evolution and performance of these new approaches, establish best practices and policy guardrails to ensure that they are learner-centered, and cultivate an ecosystem that fosters experimentation and emphasizes consumer protection.
Nora Delaney is Quantitative Social Scientist at the Outcome Group. Nora completed an M.A. in Quantitative Methods in the Social Sciences and a Masters of Public Administration at Columbia University. She has held roles at the U.S. Department of Treasury and Harvard Kennedy School of Government. Her research covers higher education access and labor market outcomes, as well as topics in international economic development.
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Impact Capital Forum is a 501(c)(3) nonprofit organization. New York, N.Y.