Educational tuition securities system
OwnerDiane Velonainventor
Life of this patent
Estimating the term…
Abstract
An educational tuition securities system is provided. An educational institution can securitize tuition or course credits into tuition shares. Tuition shares in an educational institution can be purchased for a student and redeemed for payment of tuition credits or education costs at the educational institution. Tuition shares for an educational institution can be traded for tuition shares of another institution. Redeemed tuition shares can be used to pay for undergraduate and graduate education costs, or could be redeemed for cash. The invention provides a mechanism for paying future education costs, as well as for investing in educational institutions.
Claims23
A method for providing educational tuition securities comprising:
- selling tuition shares in an educational institution to an investor to obtain advance payment for tuition credit or education costs for an educational institution, the tuition shares being redeemable at the educational institution to pay for tuition credit or education costs at the institution;
- and paying a dividend on the tuition shares to the investor.
A method by which an educational institution obtains advance payment for tuition credit or education costs, comprising:
- selling securities to an investor using a computerized network and in the form of tuition shares associated with a conversion rate for tuition credit or education costs for an educational institution;
- allowing the tuition shares to be traded on a computerized exchange to another investor;
- and paying a dividend on the tuition shares to at least one of the investor and the another investor.
A method of enabling advance payment to educational institutions and providing tuition credit and/or educational costs for employees, comprising:
- buying tuition shares associated with a price and further associated with a conversion rate for tuition credit or educational costs for an educational institution;
- associating the tuition shares with an account for an employee of an employer;
- and, in accordance with the conversion rate, redeeming the tuition shares for tuition credit or education costs for the educational institution for at least one of the employee and a dependent thereof.
A method of enabling advance payment to educational institutions and providing tuition credit and/or educational costs for award recipients of educational award, comprising:
- buying tuition shares associated with a price and further associated with a conversion rate for tuition credit or educational costs for an educational institution;
- associating the tuition shares with an account for an award recipient of an educational award from an awarding entity;
- and, in accordance with the conversion rate, redeeming the tuition shares for tuition credit or education costs for the educational institution for the award recipient.
A method of allowing an entity to provide a gift or award to an awardee in the form of educational tuition shares, comprising:
- purchasing, by the entity, tuition shares issued by an educational institution;
- gifting the tuition shares to an awardee;
- and allowing the awardee to use the tuition shares.
Dependencies are inferred from the claim text.