Student debt is currently at an all-time high of $1.2 Trillion. Studies suggest that many college graduates who would like to attend graduate school defer due to the prospect of accumulating more debt.
This reality has negative social and economic ramifications for both students and society, since graduate degrees are proven to increase income; and decrease an individual’s likelihood of unemployment. The ripple effect of student debt includes decreased tax revenue, reduced personal income, and missed opportunities for professional advancement.
So, what can a small college in Central Florida do? Well, we cannot solve the student debt crisis for society. But we can solve the problem for our students. Here’s how: Kenney College has launched a social entrepreneurship initiative, Alumni Advantage™, which will grant stock in Kenney College to our MBA graduates. The value of that common stock will be equal to the tuition paid.
Let’s look at the MBA journey from the average student’s perspective. While equipped with new knowledge and increased earning ability, her short-term net-worth has decreased by the price of her tuition payments (or student debt). That’s how Higher Education works.
We believe there is a better model for our MBA students.
Upon conferment of a Kenney MBA, we will grant her the right to participate in our Stock Appreciation Rights (SAR) Plan. She will receive stock at our Initial Public Offering valued at an amount equal to her paid tuition. If she borrowed to pay tuition, her personal balance sheet would reflect that debt — like any other student who borrows for education. However, her net-worth has not decreased sizably because she holds an equity interest in her alma mater. Again, the value of that equity interest is equal to her tuition payments.
By participating in Alumni Advantage™, our student has graduated with a right to receive shares granted at our Initial Public Offering. At that time, she could sell her shares and satisfy her loan principal; or the post-IPO value of her common stock might exceed the price of her MBA tuition…leading her to hold the shares. It’s her stock, she can do what she pleases. What’s important to us is that we’ve helped reduce her student-debt burden.
That’s social entrepreneurship in action, and that’s the purpose of Alumni Advantage™.
Participation in Alumni Advantage™ is currently — for regulatory compliance reasons — only available to MBA students who are Florida residents.
- Reside in Florida.
- Would like to earn your MBA.
- Want to grow and learn with other talented people.
- Like the idea of owning equity in your school.
- Want to be part of building something special.
- Believe student debt is a crisis in need of entrepreneurial solutions.
- Take the first step today.
- Visit the Alumni Advantage™ page on this web-site.
- Connect with us using the form on your screen.
- Review our course catalog (download from the MBA page).
- Chat with us about your personal and professional goals.
- Determine if an MBA is the right decision for you.
- Apply to participate in Alumni Advantage™.