millio n for innovative finance products, such as income share agreements. As a model, the
investment account aims to reach the segment of the student market left behind by traditional products.
The report also details other innovative solutions that assist currently underserved student markets, especially low-and middle-income families, and undocumented students.
To download a full copy of the report, please visit https://milkeninstitute.org/reports/new- models-funding-post-secondary-education-illinois.
About the Milken Institute The Milken Institute is a nonprofit, nonpartisan think tank that helps people build meaningful lives in which they can experience health and well-being, pursue effective education and gainful employment, and access the resources required to create ever-expanding opportunities for themselves and their broader communities. For more information, visit About Financial Innovations Lab ® Financial Innovations Labs® bring together researchers, policymakers, and business, financial, and professional practitioners to create market-based solutions to business and public policy challenges. Using real and simulated case studies, participants consider and design alternative capital structures and then apply appropriate financial technologies to them.
About the Illinois Treasurer As Illino is State Treasurer, Frerichs is the state’s Chief Investment and Banking Officer and actively manages approximately $35 billio n. The portfolio includes $16 billio n in state funds, $13 billio n in retirement and college savings plans and $6 billio n on behalf of local and state governments. The investment approach is cautious to ensure the preservation of capital and returns $42 to the state for every $1 spent in operations. Frerichs’ office protects consumers by safeguarding more than $3 billio n in unclaimed property, encouraging savings plans for college or trade school, increasing financial education among all ages, assisting people with disabilities save without losing government benefits, and removing barriers to a secure retirement. The Treasurer’s Office predates Illino is incorporation in 1818. Voters in 1848 chose to make it an elected office.