Lumni

to help students pay for their education.

Education | Chile | Access to Education |

http://lumni.cl/

Overview

Lumni helps finance the costs of college for Latin American and US students in exchange for a fixed percentage of their future earnings over a set period of time not longer than 10 years. By adjusting payments with income level this structure reduces the risk of unaffordable payments for students relative to traditional student loans. Lumni creates funds by raising money from a wide variety of sources including multilateral development institutions foundations and high net worth individuals. These social investment funds invest in the education of diversified pools of students. Each student repays his or her obligation as a fixed percentage of income for a set period of time after graduation. Lumni specializes in the actuarial analysis and valuation of future salary curves needed to effectively create portfolios of students that earn investors a strong financial return while benefiting underserved students.