Is a School Good or Bad?

TuitionCoin only refinances people from “good” schools. If anyone assumes we mean “ivy league,” we absolutely do not. The VAST majority of schools are “good”. Some of the best schools are public schools.

This is what the data says. Most schools, regardless of degree, lead to jobs making significantly more than high school graduates. By significantly, I mean the cost (including opportunity cost) of college pays for itself multiple times during a person’s career. The tremendous value of higher education is one of the contributors to tuition growth.

TuitionCoin rated over 4,000 schools and assigned grades from A+ to F. Ratings are primarily based on default and graduation rates. We use default rates because they are the best indicator of a schools success.

2015 State of Education

The "2015 Condition Of Education" was released by the National Center for Education Statistics. Think of it as the state of the union for higher education in America.

The highlights: http://nces.ed.gov/pubs2015/2015144_highlights.pdf

At a glance stats: http://nces.ed.gov/pubs2015/2015144_ataglance.pdf

Full report: http://nces.ed.gov/pubs2015/2015144.pdf

Browse-able web page: http://nces.ed.gov/programs/coe/

TuitionCoin Student Loan Application Process

The TuitionCoin loan application process makes me very proud. We are flipping traditional loan applications completely upside down. Typically lenders start with the borrower without caring about the school attended or the degree that was earned. TuitionCoin is different. We start with the school, the degree and finally look at the person. How does our application process work?

What is lending? plus bonus link to a great article

For this week I'm going to be brief. Some philosophical thoughts on lending and a link to an article you should read (Or at least skim).

What is lending? 

Lending takes a frozen, unused pile of ones and zeroes and converts them into a flowing, utilized, stream of ones and zeroes. 

The only moment ones and zeroes actually matter; is when they get converted into something real. Lending is essentially moving ones and zeroes from those that don’t need them and aren't using them; to those that do. 

When done right the ones and zeroes get used by the people who need them; and returned to the original owners by the time they need them. 

What does TuitionCoin do? 

We track the flow of ones and zeroes. We split the flow of ones and zeroes into innovative streams.

The bonus article
Here is an awesome article on the cost and quality of higher education.

http://www.thirdway.org/report/a-new-college-compact-addressing-the-cost-and-quality-crisis-in-higher-ed

Student Loan Bankruptcy Law

This is my suggested change to bankruptcy laws for student loans. If someone declares bankruptcy, the student loans should be converted into an income based payment plan. The borrower would pay 10%-15% of their income until the loan is paid off OR 10-20 years has transpired.