Organization: Educa Swiss
Project Name: Coaching for the realization of education with professional goal
Private Sector Solutions ✓
System Change ✓
Empowerment of Individuals ✓
Teaching Freedom ✓
There are a growing number of individuals who are highly motivated to take another step in their education but lack the financial means and do not qualify for any of the public or private scholarships. Statistics show that every year approximately 10,000 young people in Switzerland cannot follow through their educational plans due to financial shortcomings.
EDUCA SWISS offers a private sector solution where lenders offer loans to students at socially acceptable interest rates, combined with a philanthropically-funded coaching program, enhancing equal opportunity in Switzerland through access to finance without restrictions regarding financial background, social class, field of study or age. EDUCA SWISS provides loans to individuals in Switzerland who do not qualify for financial support from the government or other private scholarships for their education projects.
The approach of EDUCA SWISS is giving individuals who lack resources themselves, and do not qualify for any government support in Switzerland, the freedom to follow their educational dreams and allow them to invest in a more prosperous future. It offers an efficient and superior solution to loans or scholarships provided by the Swiss government. The combination of loans and coaching, capital and philanthropic money, allows students to access capital from individuals and institutions at reasonable interest rates and offers an attractive “impact investment” opportunity at relatively low risk.
EDUCA SWISS is setting an important example in the Swiss education system that market-based approaches work and often create better solutions than government. It further promotes the principles of self-determination and self-sufficiency not only to the students but its broader stakeholder base.