Blue Meridian, Schmidt Futures back Career Impact Bonds via Social Finance’s UP Fund

September 28, 2020

Career impact bonds finance vocational training with the kind of income-share agreements offered by an increasing number of universities as an alternative to crushing student debt (see, “income-share funds expand college finance options for low-income students”). Boston-based Social Finance has invested in two training programs: General Assembly’s accelerated tech education program and Acuitus’ IT education program, which targets veterans. Next up: diesel mechanics.