WE ARE RESEARCHING HOW TO MAKE EDUCATION MORE ACCESSIBILE FOR YOUNG ADULTS IN ONE OF THE WORLD’S POOREST COUNTRIES
In India, many young adults (aged 18-25 yrs) are unnecessarily trapped in poverty: they want to learn skills that will enable them to earn a higher salary, but do not have access to the education they need. One of the key barriers is financing: low income young adults simply do not have the funds to pay for their education upfront.
UpSkill Capital was formed by six recent graduate students with a single purpose: find a way to sustainably make Vocational (skills-based) education more accessible to low income young adults in India. To this end, we have developed a new way to fund vocational training: we pay for students’ tuition upfront and upon completion of their training, students enter paid internships, where a portion of their wage is taken to repay tuition costs. The repaid money is used to help finance another student, creating a sustainable cycle of education funding.