 Online Learning Update Ray Schroeder, editor, COLRS - Online@Illinois SpringfieldOnline Learning Update - a blog published daily since 2001 by Ray Schroeder, Professor Emeritus, University of Illinois at Springfield |
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Sunday, January 06, 2002
http://www.nytimes.com/2002/01/06/technology/06RICH.html Education as an Investment. Really! By AARON DONOVAN With tuition rising faster than inflation, and returns on many investments still in reverse, parents of prospective college students are facing some serious choices. Should they cash in their mutual funds now? Seek loans or grants? Ask a wealthy relative for help in paying? Now a Manhattan company, Iempower, which started two years ago, has developed an alternative method of paying for college. Through its Web site, www.MyRichUncle.com, Iempower is working to match students with a network of well-heeled investors — sort of like wealthy relatives. The investors provide money to pay for undergraduate or graduate degrees; the students agree to pay a fixed percentage of income for a set period after graduation....
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