Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1995-05-24
1998-04-28
Weinhardt, Robert A.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 36, G06F 1760
Patent
active
057458855
ABSTRACT:
A data processing system and method for administering a plan for funding investments in education is provided. The education investment plan includes a unit investment trust for financing the educations of a predetermined number of students pursuing careers in preselected fields of study. The data processing system selects students for participation in the plan by comparing their application responses in various categories, weighted according to a predetermined weighting scheme, to stored weighted criteria for the same categories. The education of accepted students is paid for by funds invested in the plan by investors. The students agree to assign a percentage of their future income for a limited time period to the plan, generating a return for the investors. Students are monitored throughout their education and employment until their obligations are discharged, with the results of the monitoring used to adjust, as necessary, the acceptance criteria. In order to offer the plan, plan earnings are projected based on multiple variables, and the projection may be performed according to statistical equations, or may be performed iteratively with a different variable varied during each iteration. A data storage medium encoded with a set of instructions for performing the method is also provided.
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Chapman Roy C.
Cherny Julius
Mottola Anthony J.
Human Capital Resources, Inc.
Ingerman Jeffrey H.
Weinhardt Robert A.
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