As of September 30, 2019
To date we have invested $1,600,000 in 100 students. Our targeted return on each pool of ISA investments is 8.5%.
Graduation, career track employment and payment are all running over 95%.
| Cohort | Undergrad Students | Grad Students | Total Students | Graduates | Still In School | Drop-Outs | Employed in Repayment | Total Dollars Invested in Cohort | Dollars Per Student in Cohort | Investment Returns to Date | % of Capital Returned to Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Totals | 4 | 96 | 100 | 65 | 29 | 6 | 42 | 1,600,000 | 16,000 | 317,000 | 20 |
| Class of 2014-15 Cohort I | 0 | 10 | 10 | 10 | 0 | 0 | 10 | 333,000 | 33,300 | 158,000 | 47 |
| Class of 2015-16 Cohort II | 1 | 16 | 17 | 15 | 2 | 0 | 17 | 384,000 | 22,600 | 97,000 | 25 |
| Class of 2016-17 Cohort III | 3 | 7 | 10 | 9 | 1 | 0 | 7 | 238,000 | 23,800 | 43,000 | 18 |
| Class of 2017-18 Cohort IV | 0 | 8 | 8 | 5 | 3 | 0 | 8 | 214,000 | 26,700 | 16,000 | 7 |
| Class of 2018-19 Cohort V | 0 | 34 | 34 | 26 | 2 | 6 | 0 | 347,000 | 10,200 | 3,000 | 1 |
| Class of 2019-20 Cohort VI | 0 | 21 | 21 | 0 | 21 | 0 | 0 | 84,000 | 4,000 | 0 | 0 |
Testimonials
Education Equity, Inc. (EEI) was established to help students pay for post-secondary education. We co-invest with students to support their pursuit of cost-effective education and rewarding careers. Our business model provides students with a unique funding opportunity, and our investors with a return that is fair, and satisfying.
EEI brings both capital and well researched knowledge to the partnership it forms with the students it funds. We specialize in synthesizing research and data from higher education and the labor market. In researching the intersection of these two traditionally separate worlds we seek to identify the most cost-effective educational programs.
Andrew A. Davis
formed Education Equity, Inc. (EEI) in 2012. His objective was to use market economics to bring investor capital to serve capable but underfunded students. EEI provides funds for students to attend selected post-secondary programs in return for a small and fixed percentage of the student’s future earnings. These contracts, now called Income Sharing Agreements, were conceptualized first by Milton Friedman nearly sixty years ago.
Previously Davis was the Executive Director of the Illinois Student Assistance Commission (ISAC). He took over the leadership of ISAC on the eve of the Global Financial Crisis in 2007 and led the agency in a strategic refocusing on Illinois students. The restructuring earned the taxpayers over $500 million while reducing agency head-count by 45%. The re-focused agency strengthened its goals of meeting the needs of low-income and first generation Illinois college students.
Prior to ISAC, Andrew had a 25-year career in the financial trading business. In the US Stock Market his firm was an early adaptor of algorithmic trading. Davis was actively involved in the initial creation of trading markets for foreign exchange and petroleum options.
Davis is a 1979 graduate of Beloit College with a BA in Economics. He served on the Beloit College Board of Trustees for seventeen years, the last five years as Board Chair. Married with four children, he lives in Chicago where his two younger children attend Chicago Public Schools.
Counsel
(alphabetical by firm)
Corporate Counsel
Luc Attlan-Partner
Strategic Counsel
Charlie Rose-Partner
Regulatory Counsel
Brad Rustin- Partner
Neal Grayson- Partner
CPA Firm