To create student tuition bonds of investment grade higher education student debt to investors and building a client base of low risk default borrowers.
Medical student loans default rates are 50 basis points compared to 15% for all other types of student loans with more than $2 billion to market per year.
Customers:
1. Borrowers
2. Investors
Product:
Student tuition bonds (patent pending) for monthly coupon less than government student loan interest rate of 5.5 to 6.8% and we receive 2% from monthly payments.