The future of education finance

SDG #4: Quality education. The pathway to economically sustainable jobs is lined with an inclusive and equitable quality education.

In this episode you’ll hear about:  

• Links between education attainment and keeping a job during Covid-19.  

• How 900,000 new jobs created in March included only 1% for workers with a high school education or less.

• Ways impact investments can support post-secondary education and helping nontraditional students succeed.

• How Edquity supports post-secondary education, which is seen as key to breaking the cycle of poverty and helping Americans attain livable wages.  

• What outcomes financing is and why it may change impact investing.  

Related story: Providing the building blocks of financial literacy training  

Guest bios: 

Christa Velasquez, strategy director of Lumina Impact Ventures, sources, structures, underwrites and negotiates social investments to support the strategic priorities at Lumina Foundation, an private foundation in Indianapolis committed to making opportunities for learning beyond high school available to all.

David Helene, founder and CEO of Edquity, which provides emergency aid platforms for high school and college students. Under his leadership, Edquity has worked with principal partners across K-12 and higher education. He has helped the organization attract significant investment funding from the Gates Foundation, Lumina Foundation, Strada Education Network and others. 

Andrea Phillips, managing partner of the Community Outcomes Fund  and co-founder of Maycomb Capital, has more than 25 years of experience leading, designing and implementing large scale, public-private partnerships that leverage private investment to address pressing social challenges. At Goldman Sachs, she launched and managed the Goldman Sachs Social Impact Fund and led signature social impact bond investments for the firm, including the investment in the Rikers Island Social Impact Bond, the first such transaction ever executed by a financial institution and in the U.S. market.