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BUCKS; College Loans From Alumni

A start-up that had a test-run at Stanford University's business school aims to tap alumni as a source of funding for student loans. SoFi - short for Social Finance Inc. - is branching out and expects to begin taking applications for consolidation loans in April from recent graduates of five business schools, using funds raised from alumni of those schools (Harvard, M.I.T., Northwestern and the University of Pennsylvania, in addition to Stanford). Ann Carrns. "BUCKS; College Loans From Alumni" New York Times online, April 7 2012. Read article »

Invest in what you know

Social Financial, or SoFi is a company that pools capital from alumni to provide inexpensive loans to business school students, in return for a five percent return. "The company is announcing today that for next year it is expanding the program to 35 other universities – mostly top-ranked research universities – to lend a total of $50 million to undergraduate and graduate students." Kevin Kiley. "Invest in What you know" Inside Higher Ed online, April 2 2012. Read article »

Paying to Pay it Forward

Reed Switchboard is an online service set up to help students at the Portland OR. Liberal arts college connect with alums who can give them internship and employment opportunities. The website, not officially affiliated with Reed, gives 40 dollars to the institution every time a student uses its service. Mitch Smith. "Paying to Pay it Forward" Inside Higher Ed online, March 14 2012. Read article »

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We want to scour the world to try to find those things that strike us as truly forward-looking. President Jim Yong Kim

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