Blair

Financing students through Income Share Agreements.

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#2 Product of the DayMarch 17, 2019
Blair finances students through Income Share Agreements which will adapt to individual income circumstances, protecting them from a life controlled by student debt.
Students will be funded by investors who strive for economic value and social impact.
Reviews
  • Emrah Saglik
    Emrah SaglikPassion in digital!
    Pros: 

    Logical business model.
    Design and concept.

    Cons: 

    Not seems any.

    I liked the lean approach and concept of the idea. It is a real problem which affects millions of people. If the background of the idea is structured well it will have a large market to go. Congratulations.

    Emrah Saglik has never used this product.
  • José Luis Fausto
    José Luis FaustoPromoting business awareness 👨🏽‍💻
    Pros: 

    Disrupts the current finance opportunities for a higher education.
    Don't need credit score or cosigner.

    Cons: 

    Questions for getting a quote are not complete.

    When enrolling, the 2nd option if you click on "Soon", you still get asked "Where do you study?".
    Willamette University isn't an option. Additionally I don't see a "other" option.
    Not sure if this is an option for DACA students, who are not U.S. citizens, but are authorized to work. Would be awesome, if it allowed anyone not depending on your legal status, but also give you the opportunity to pay back if you moved to a different country.

    José Luis Fausto has used this product for one day.
    Comments (0)
Discussion
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Constantin
ConstantinMaker@icostaa · Co-Founder of Blair
Hi everyone! ✌🏻 Today, we are very excited to introduce you to Blair. 🕊 Blair offers a better way of college financing, where students pay back a certain percentage of their future income for a fixed period of time. Traditional loans leave students with an irresponsible amount of debt & do not protect them from income volatility. Our Income Share Agreements (ISAs) will protect students, by adapting to individual income circumstances, allowing them to live without fear of student debt and to pursue careers which are not controlled by loan repayments. We value the potential of a student and not their history. Therefore, we do not require a credit score or a co-signer. We are available for every major and provide a seamless experience, from getting the funding to paying it back. 🎓 Why is Blair interesting for investors? We allow investors to combine financial returns with social impact by investing in students. Investors will in turn receive a share of the graduates' income for a fixed period of time. ISAs create a new asset class ideally suited to diversify investment portfolios and offer built-in protection against inflation. 🎯 Why are we working on this? Education lays the foundation for fostering individual and social development opportunities and must be accessible to everyone. We believe that the financing of education in the US is fundamentally flawed, as no current financing model seems to be sustainable. The aggregated student debt reached $1.5 trillion and 40% of all borrowers are expected to default their payments by 2023. Many of our friends are suffering because of the status quo. We offer a better solution for a subset of students in the US and want to make it available to them. 👩🏼‍💻👨🏽‍💻To all students: Discover your individual ISA rate within one minute and compare it to traditional loans. 👩🏾‍💼👨🏼‍💼 To all investors: Get in touch with us if you are interested in investing. We are very much looking forward to hearing your feedback and wish you a lovely day! ☀️
Matthew Vethecan
Matthew Vethecan@matthew_vethecan · Founder
Awesome idea - looks like a fantastic way to bridge the gap between students and investors in a more equitable, transparent and efficient way. Access to education is a huge problem, so innovative models like this will hopefully prove to be a catalyst for good. Looking forward to seeing you all kick more goals!
Matthew
Matthew@matthew_robert_kochakian · Cofounder + CEO @ Maisie
I truly wish this was as easy to do as you guys have made it when I was heading into college. Raising the bar for college financing and helping students get the education they deserve 🚀
Daniel Pesch
Daniel Pesch@peschonaut
Great idea - proof of concept already exists on a small scale, excited to see how this plays out on a larger playing field!
Omar Shammas
Omar Shammas@omarshammas · Entrepreneur
Hey guys, interesting approach for financing post secondary education. I'm curious do investors choose which students to invest in or how do you approve / reject students?
Mike Mahlkow
Mike MahlkowMaker@mikemahlkow · Co-Founder @ Blair
@omarshammas Hi Omar. Investors do not choose individual students to invest in but put their money into funds in which we pool multiple students. We approve students based on their current situation and future potential. We have a very holistic definition of this and take the major, the university, grades, extracurricular activities, and work experience into account. Since we want to offer financing to everyone we rather accept than reject and set up special funds for students with less earning potential. For these funds, we work with impact-based investors who focus on social good over returns.