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Robert Whelan and the Student Loan Crisis (B)
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Reference: HBS-316049-E
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Number of pages: 12
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Geographic Setting: United States
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Publication Date: Nov 12, 2015
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Source: HBSP (USA)
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Type of Document: Case
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Industry Setting: Colleges & universities;Finance & insurance;Higher education
Description
Bob Whelan developed an idea with partners that was a seed before his fellowship year and addressed a significant national challenge - college financing - with a creative concept and experience from his years in investment banking. His nonprofit was called 13th Avenue Funding and it provided equity as an alternative to debt for students to finance college. Since he first set out on his journey, he faced a lot of resistance and difficulty in scaling his non-profit aimed at enabling one million low income students to obtain a postsecondary education debt free. Whelan continued to persist and adapt to the changing environment.