The cost of postsecondary education can put career opportunities that require certain skills or credentials out of reach for some. Vemo Education is working with these schools to help create new income-based financing programs—such as income share agreements—”that empower more students to succeed.”
Vemo says it aligns itself with partners that want to make “education more expansive: broader in its reach, more generous in scope, and more inclusive of students who need improved education access.”
Kate Cody, COO of Vemo Education, says income share agreements help students achieve their educational goals. “Vemo Education believes that learners, institutions, employers all benefit when we can align incentives around great outcomes for those we’re serving. We work with education providers and employers to serve learners by addressing the upfront risk that sometimes prevents people from under-investing in their education. We do this by helping employers and educators share that risk with students by taking away some of that upfront burden from them by pricing for the value the learner gets on the backend.”
Click here to learn more about Vemo Education.
WorkingNation—a collaborating partner of the ASU+GSV Summit—talked with DeSorrento in San Diego as part of our #WorkingNationOverheard social media series.
Hear from more innovators in education and tech in the public, private, and nonprofit spheres attending the ASU+GSV Summit 2021 here.