Historically, most American institutions of higher education struggled to fund themselves. Non-profit institutions did not generally have mechanisms for generating revenue. Thus they relied on tuition, donations, and an endowment.
Harvard, America’s first school, suffered this same fate. In 1636, without any endowment (the gift from John Harvard, the school’s name sake was quickly squandered) the college opened it doors but due to lack of finances, it wasn’t long before they closed those doors, reopening later and repeating the process several times in its early history.
In 1642 Harvard’s president, thirty year-old Henry Dunster, went on a fund raising tour and secured enough “in-kind” subscriptions called “colledge corne,” from local county residents to stabilize the finances.
But those subscriptions petered out in less than a decade.
Citizen subscriptions, sparce local taxes, donations, tuition, and endowments are how higher education was funded from 1636 until the early 1900’s.
By the end of WWII, the G.I. Bill became the popular means of funding higher education.
In 1965, the Johnson administration implemented the HEA (Higher Education Act), which served to help the poor and significantly increased the college population, but it also started the trend that we all now face– sky-rocketing tuition rates. By 1972 Pell Grants and ever popular student loans were added to the funding options provided to low and middle income students.
Since federal funded tuition was swelling the ranks of higher education, the government determined that it now had to regulate that which it was funding.
Accreditation morphed from a system of academic equivalence to the gate keeper of all higher academia, whether your students were receiving federal funds or not. (See the Monticello College white paper to determine if all of this money has improved the quality of higher education today.)
At Monticello College, we take a firm stand in not accepting a single dollar of federal money. We neither desire federal assistance nor do we ask for its oversight. But after 5 decades of Americans on the educational dole, the average family does not have the funds to pay for tuition out of pocket. We have lost the concept of pay-our-own-way.
As a result, Monticello College must find creative ways to fund our operations and build our endowment.
Enter Strongbrook.
Strongbrook is a real estate investment company with a unique 21st century approach to building client investment portfolio’s.
Probably the best explanation I have every heard comes from a 22-year-old college student video.
In an effort to funding the school, Monticello College has entered into a loose association with Strongbrook introducing the benefits offered by this exceptional company to our friends and supporters.
Not only can Strongbrook assist families in securing a strong and vibrant economic future, it helps to create the means to provide funds for student tuition. Monticello College is also investing into a Strongbrook financial Game Plan with the intention of securing enough investment property to fully fund our endowment.
Click Here to watch a short video to learn more.
Click Here for a Free PDF book or audio book. (Passcode is….FREE)
Since launching in 2007, Strongbrook has helped more than 2,500 investors across 47 states invest profitably in real estate — during the worst recession we’ll see in our lifetimes.
In fact, their investors averaged a 19.8 percent return last year, despite the continued recession.
Meet real Strongbrook investors and hear their stories by watching this video:
P.S. I appreciate that this funding approach may seem unusual or even uncomfortable to some of you. All change is uncomfortable. And higher education is changing before our very eyes. Technology is having as much impact on higher education as it has had on everything else.
In a Fourth Turning world nothing remains the same.
Give us a fair chance to show you some things you may not know. Take the time to watch the videos or read the MC white paper or free books offered or click here to get an awesome education in financial freedom called Financial Freedom 2.0. At the very least, you will learn some things you didn’t know. In the best case scenario, this could change your entire financial future.