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词条 EdAid
释义

  1. History

  2. Process

  3. Fees

  4. EdAid Foundation

  5. See also

  6. References

  7. External links

{{Infobox company
| name = EdAid
| logo =
| founder = Tom Woolf
| hq_location = London, {{postcode|EC|1}}
United Kingdom
| industry = Crowdfunding, peer-to-peer lending
| homepage = http://www.edaid.com/
}}EdAid is a peer-to-peer lending and crowdfunding platform for higher education[1][2] that allows students to crowdfund their student loans for university from the community at zero interest.[3]

History

EdAid was founded by Tom Woolf (CEO), the former Mission Chief of JustGiving Middle East and Africa[4] and Accenture Financial Services Strategy alumni. He is also a former professional athlete and remains involved in sports as the current Head Coach for Nike Middle East.[5] EdAid received regulatory approval from the Financial Conduct Authority (FCA; formerly the FSA) in February 2016[6][7][8] and was launched in March 2016.[3]

Process

EdAid lets students to borrow towards the cost of university tuition fees from the community, interest-free, via crowdfunding.[9][10] The student can use the funds raised from family, friends and the business community to fund other associated costs with university, such as cost of living, examination fees, and field trips.[11]

EdAid is regulated by the Financial Conduct Authority[6][7] and students are validated through a three-phase process that includes identity, fraud and AML checks[12] before starting an Appeal process to crowdfund their loan from the community.[10] Students must be on a UK accredited course with the permanent right to remain in the UK after graduation.[13][14]

EdAid aims to save students up to $50,000 in interest fees and on average nine years of indebtedness, as compared to traditional student loans.[9][15] Supporters of the students can view their loans as a form of inflation-protected impact investment.[3] EdAid is also different from other lenders in that it only charges a fixed percentage initial fee, and does not charge interest or additional fees.[16]

Fees

EdAid charges a one-off fee of 5.00%[17] from successfully funded appeals which cover legal, regulatory, banking and administrative costs from raising funds. Repayments are pegged to the rate of the Consumer Price Index without additional interest charges.[11] Students will start to repay 10% of their monthly salary after they graduate and are in full-time employment.[18]

EdAid Foundation

The EdAid Foundation is a UK-registered charity[19][20] that provides matched funding from corporations, trusts, high net-worth individuals and alumni.

See also

  • Peer-to-peer lending
  • Higher education
  • Crowdfunding
  • Student loans in the United Kingdom

References

1. ^{{Cite web|url=http://www.esquireme.com/brief/business/benefits-peer-to-peer-lending|title=The benefits of peer-to-peer lending|website=Esquire Middle East|access-date=2016-07-07}}
2. ^{{Cite web|url=http://www.computerweekly.com/news/4500248634/Innovate-Finance-dubs-UK-a-fintech-diversity-hub|title=Innovate Finance dubs UK a fintech diversity hub|language=en-GB|access-date=2016-07-08}}
3. ^1 2 {{Cite web|url=http://www.euromoney.com/GatewayAd.aspx?Redirect=http%3a%2f%2fwww.euromoney.com%2fArticle%2f3539950%2fFintech-2016-EdAid-brings-impact-investing-to-student-loans.html|title=Euromoney Magazine|website=Euromoney|access-date=2016-07-07}}
4. ^{{Cite web|url=http://www.crowdfundinsider.com/2015/08/72817-brief-former-mission-chief-for-justgiving-tom-woolf-set-to-launch-new-crowdfunding-platform-dedicated-to-students/|title=Brief: Former Mission Chief For JustGiving Tom Woolf Set to Launch New Crowdfunding Platform Dedicated to Students|date=2015-08-14|website=Crowdfund Insider|access-date=2016-07-07}}
5. ^{{Cite web|url=http://www.innerfight.com/innertalks4/|title=InnerTalks 4, 30th April 2015|website=InnerFight|language=en-US|access-date=2016-07-07}}
6. ^1 {{Cite web|url=https://next.ft.com/content/fa0148b4-f75f-11e5-803c-d27c7117d132|title=Big peer-to-peer lenders still awaiting Isa approval|last=Williams|first=Aimie|date=2016-04-01|website=|publisher=Financial Times|access-date=2016-07-07}}
7. ^1 {{Cite web|url=http://www.financialreporter.co.uk/specialist-lending/just-11-providers-fca-authorised-for-ifisa-launch.html|title=Just 11 providers FCA authorised for IFISA launch {{!}} Financial Reporter|website=www.financialreporter.co.uk|access-date=2016-07-07}}
8. ^{{Cite web|url=http://www.ftadviser.com/2016/03/31/investments/savings-and-isas/only-of-p-p-platforms-fully-regulated-0XXOm36Fl0WI4ywmZ5cyQK/article.html|title=Only 9% of P2P platforms fully regulated - FTAdviser.com|website=www.ftadviser.com|access-date=2016-07-08}}
9. ^1 {{Cite web|url=https://www.cnbc.com/2015/05/04/students-are-crowdfunding-college-degrees-amid-massive-debt.html|title=Want a college education for free? Try this|last=Kharpal|first=Arjun|date=2015-05-04|website=CNBC|access-date=2016-07-07}}
10. ^1 {{Cite web|url=http://www.cityam.com/226093/why-future-education-finance-changing|title=The future of education finance is here|last=Green|first=Harriet|date=2015-10-08|access-date=2016-07-07}}
11. ^1 {{Cite web|url=http://www.cityam.com/222320/crowdfunding-platform-set-help-students|title=Crowdfunding platform set up to help students|last=Payne|first=Aaron|date=2015-08-14|access-date=2016-07-07}}
12. ^{{Cite web|url=https://www.edaid.com/principles|title=EdAid Principles|website=www.edaid.com|access-date=2016-07-07}}
13. ^{{Cite web|url=http://www.theqh.co.uk/time-to-end-cloak-and-dagger-student-loans-says-entrepreneur/|title=Time to end "cloak and dagger" student loans says EdAid entrepreneur {{!}} Quintin Hogg|website=www.theqh.co.uk|access-date=2016-07-08}}
14. ^{{Cite web|url=https://edaid.com/faq-detail#students|title=EdAid FAQ|website=edaid.com|access-date=2016-07-07}}
15. ^{{Cite web|url=http://bankinnovation.net/2015/07/3-startups-to-watch-principly-edaid-wayerz/|title=3 Startups to Watch: Principly, EdAid, Wayerz {{!}} Bank Innovation|website=bankinnovation.net|access-date=2016-07-08}}
16. ^{{Cite web|url=http://www.thememo.com/2016/08/18/student-loans-suck-edaid-is-helping-students-crowdfund-their-education/|title=Student loans suck: EdAid is helping students crowdfund their education|date=2016-08-18|website=The Memo|access-date=2016-08-18}}
17. ^{{Cite web|url=http://www.altfi.com/article/1290_|title=New Platform Targets UK Students - AltFi News|access-date=2016-07-07}}
18. ^{{Cite web|url=http://www.verdictfinancial.com/interview-lawrence-wintermeyer-ceo-of-innovate-finance/|title=Industry Interview: Lawrence Wintermeyer, CEO of Innovate Finance {{!}} Verdict Financial|website=www.verdictfinancial.com|access-date=2016-07-07}}
19. ^{{Cite web|url=http://www.totalgiving.co.uk/charity/edaid-foundation|title=Edaid Foundation - Total Giving - Donate to Charity {{!}} Online Fundraising for Charity UK|website=www.totalgiving.co.uk|access-date=2016-07-07}}
20. ^{{Cite web|url=http://opencharities.org/charities/1163047|title=EDAID FOUNDATION :: OpenCharities|website=opencharities.org|access-date=2016-07-07}}

External links

  • EdAid official website
  • [https://edaid.com/foundation EdAid Foundation official website]
{{Peer-to-peer lending companies}}{{Crowdfunding platforms}}

4 : Companies based in the London Borough of Islington|Crowdfunding platforms|Peer-to-peer lending companies|Financial services companies based in London
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