In most cases, underprivileged students do not have sufficient capital or collateral to pay for their tertiary education, which perpetuates the cycle of poverty.
In Mexico, Colombia, Peru and Chile, up to 75% of young adults aged 20-24 do not have access to higher education due to a lack of financing. The result: the gross tertiary enrolment of the lowest income quintile in these four countries is only 8.5-20%, compared with 50-93% of the top quintile. Lumni finances tertiary education for low-income students in Mexico, Colombia, Peru and Chile, as well as in Argentina and the US, by directing and managing investor funding. In exchange for financial and academic support at school, students agree to pay 10-14% of their earnings in the five to six years following graduation.
Lumni is a legacy engagement and no longer part of the LGT VP core portfolio. We began working with Lumni in 2013, providing comprehensive support in three areas:
Learn more about Lumni: