An innovative scheme allows investors to back bright students who are an excellent credit risk and have an exceptionally low default rate.
Every year some of the world's brightest young adults start MBAs at top institutions. Many go on to run multinational corporations, earning huge salaries. But just as many struggle to find loans to cover the cost of a one-year programme, which can be around £60,000. Into the gap has stepped an innovative scheme, Prodigy Finance, which links tomorrow's business leaders with today's savers desperate to earn better interest, the Guardian reports. MBA students at the top schools typically earn more than £70,000 a year after graduating, yet face unique problems finding the money to stud...
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