39 - Income Insurance for College Graduates (Wade Eyerly and Dennis Murashko, Co-Founders of Degree Insurance)

Jan 23, 2021
1h 8m

Episode Description

30-40% of freshmen who start college don't return for their second year.  And in the process, many accrue debt without the degree to bolster future earnings.  Even those who do get a degree end up with tens of thousands in debt that takes an average of 21 years to pay off.  Colleges don't guarantee salaries, occasionally exacerbating financial burdens rather than relieving them. 

Wade Eyerly and Dennis Murashko have a plan to level the playing field.  Through Degree Insurance, Wade and Dennis have created a model that pays out to college graduates who don't make a certain income threshold by their 5th working year.  These insurance policies are paid for by the colleges themselves. 

In this episode we discuss:

+How Wade's background in the highly regulated airline industry prepared him to tackle the insurance market

+How Dennis' legal and actuarial background made him the perfect fit to co-found Degree Insurance

+How insurance for college graduates works

+How the higher ed landscape is evolving

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