The document outlines a proposed program called HighScholar that aims to better align university education with industry needs by having companies recruit and partially fund students' education in exchange for commitments around course of study, internships, and post-graduation employment. It describes how students and companies would participate through application and selection processes, and what funding and commitment terms might look like to address issues around rising education costs, uncertain career prospects, and skills gaps. The goal is to give students clearer career paths while helping industries access a more tailored workforce.

1. HighScholar
Making education funding work

2. Problem
Education funding is broken
HighScholar

3. Problem
Universities’ interest are not aligned with
students’ interest
HighScholar

4. Problem
• Easily accessible (inexpensive)
money results in significant
debt financing, leaving
graduates with massive debt
obligations after graduation
• Students education and career
decisions are abstracted from
any measurable demand from
industry
HighScholar

5. Problem
Students Industry
• Education cost • Best and brightest may
increasing struggle to afford school
• Choice of major • Schools not always
decoupled form turning out needed
industry needs skills in the right
• Job uncertainty numbers
throughout college • Hiring new grads can
have tricky timing
HighScholar

6. Universities
• Driven primarily by tuition and enrollment
• Don’t necessarily focus on industry needs
– May not know what Industry needs
– Often subject to faculty research interests
HighScholar

7. Companies have the most to gain by ensuring that
students are educated for their future needs
HighScholar

8. Students
Speculate on job market 4-years out with
no objective basis
HighScholar

9. Students
Encouraged by
inexpensive money
to take on massive
amounts of debt

10. All under a cloud of uncertain job prospects
HighScholar

11. HighScholar

12. HighScholar
Provides industry with a predictable workforce
tailored to their needs

13. HighScholar
Provides a means for
industry to identify the
best and brightest high
school students

14. HighScholar
Allows industry to “recruit” them and influence their
education to best meet future needs

15. HighScholar
Provides students with
education funding and
clarity as to their
immediate work after
college

16. How it works
Students put together applications, just like
college applications, which may include:
– Resume’s, written statements, GPA, test scores,
intended area of study, video interviews
HighScholar

17. How it works
Companies select candidates to interview and to
make offers.
– this process would emulate such things as
NCAA recruitment, professional sport draft and
ROTC
HighScholar

18. What might offers look like?
Offers should be somewhat standardized, for
simplicity, but would include such things as:
– Stipend to offset education costs
– Corporate benefits, such as health insurance,
401K, other?
– Summer internships
– A job offer upon graduation
HighScholar

19. What is the student
committing to?
Commitments should be somewhat
standardized for simplicity, but would include
such things as:
– A certain course of study, influenced by Company
– A minimum GPA
– Internships
– A work commitment upon graduation at an
agreed upon compensation package
HighScholar

20. Contingencies/Non Performance
There would be contingencies on both sides of
the contract, including:
– Student enrolls in an acceptable
school/program
– Student maintains a certain GPA
– Coursework is subject to approval by Company
HighScholar

21. Contingencies/Non Performance
In the case that the Student or Company doesn’t
perform under the agreement, remedies must
be put in place:
– Conversion to a loan
– Penalties?
HighScholar

22. Target Industries
Software
HighScholar

23. Target Industries
Financial
HighScholar

24. Target Industries
Energy
HighScholar

25. Target Industries
Accounting
HighScholar

26. Target Industries
Conglomerates
HighScholar

27. Target Industries
Consulting/Business
HighScholar

28. Target Industries
Government
HighScholar

29. HighScholar

30. Razib.M
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