Studies from the Wharton:
Klein: The value proposition for alumni or individual investors is threefold. Firstly, it’s the financial return: it’s a competitive financial return relative to other investment products of similar risk. Secondly, we have the social return, since investors are given the opportunity to help lower the cost of education for students at their alma mater. And for every new alumni investor that comes to the table and for every new student borrower that comes to the table, there will be another child that will get the chance to study for a year at the African School for Excellence, or there will be more funding put towards the financial literacy programs in local communities. Participation drives our social mission and that’s very powerful. The third thing I’d say is that the alumni and other individual investors who participate are able to plug into a community of top tier talent.
Klein: Good question. A lot of people pay lip service to community. There are many online communities that are ubiquitous but not very valuable. It’s important that CommonBond continues building a meaningful community that people want to belong to. We look to help our community build real connections in the real world, person-to-person. We’ve spent a lot of time creating environments for students, investors and forward-thinking professionals to come together under one roof, meet and connect.
I have an abundance of types of children inside our CommonBond household members which began reaching people in the city while having managed to move the elite group jobs give. Like, you to definitely scholar found the head regarding business acquisitions in the Western Display at the a occurrences. Western Show try the girl fantasy company. After this fulfilling, the latest administrator was able to set-right up a great amount of interviews on her behalf therefore works out she will be taking a complete-go out business in the Western Display whenever she students. Other MBA pupil having a-start-right up company came to a incidents and you will found a great journalist at Businessweek. Businessweek secured the girl business more or less 2 weeks adopting the appointment. She composed excitingly to help you united states when you look at the a message, ‘Thanks, this is all due to CommonBond.’
We think regarding ourselves as more than just a student financing company. I consider our selves are a pals one to shows tomorrow away from money. We must become more than a commoditized financing device so we have to do more than simply decrease the costs of being students. Our community support pupils maximize its better line.
I thought alumni points organizations during the additional associations tends to be concerned regarding your giving
Klein: We think it’s best to talk with everybody. So while we’re talking directly to students, we don’t want to lose sight of the fact that there are a number of different stakeholders out there, including admissions offices, financial aid offices and alumni affairs offices. We are not officially affiliated in any way, but we think it’s important to build positive relationships with them.
With regards to alumni workplaces, actually the newest reaction to so it model is a little combined. There are two camps that one can end up in. You’re a good territorial camp where alumni workplaces believe there is a limited size on the pie. You will find other camp that takes the scene that there’s a growing cake. We belong to the second go camping therefore believe that the design normally engage an entire swath payday loans online Cardwell from alumni who aren’t already involved with university affairs. All of our model can bring men and women group to your fold since the there is a monetary get back element of they.
