Business Grants Project Proposal for Deserving Students at ABFC

This business research proposal outlines the issues faced by the Australian Business Finance Centre when implementing business grants and educational loans for deserving students. It addresses challenges such as identifying eligible students, managing costs, and mitigating risks. The proposal incl...Read More

Running head: BUSINESS GRANTS TO DESERVING STUDENTS
Business grants to deserving students
Name of the Student
Student number:

2BUSINESS GRANTS TO DESERVING STUDENTS
Table of Contents
1. Overview of the project proposal................................................................................................4
2. Key analysis.................................................................................................................................5
2.1 State the value proposition.....................................................................................................5
2.1.1 Business objectives of the proposal................................................................................6
2.1.2 Problems which are needed to be solved........................................................................6
2.1.3 Current market trends.....................................................................................................7
2.1.4 Benefit for the community..............................................................................................7
2.1.5 Expected outputs.............................................................................................................8
3. Project requirements....................................................................................................................8
3.1 List and describe the requirements required for this project.................................................8
3.2 List and describe the assumptions of this project..................................................................9
3.3 List and describe the constraints for this project...................................................................9
4. Cost of the project......................................................................................................................10
4.1 Main and overall costs.........................................................................................................10
4.2 Cost Analysis.......................................................................................................................11
5. Major risks.................................................................................................................................11
5.1 Three major risk for the proposal............................................................................................12
5.2 Discussion of the risks.........................................................................................................12
5.3 Mitigation of the risks......................................................................................................12
Table 1: Mitigation of the risks.............................................................................................13
6. Time Scale...................................................................................................................................0
Figure 3: WBS of the project...................................................................................................0
Figure 4: Mitigation of the risks..............................................................................................1
6.1 Time required to complete the project...................................................................................0
6.2 List and describe the major milestones..................................................................................0
7. Conclusion...................................................................................................................................0
8. Reference.....................................................................................................................................2

3BUSINESS GRANTS TO DESERVING STUDENTS
Executive Summary
The research proposal will be discussing the issues which can be faced by Australian Business
Finance Centre when they try to implement the business grants and educational loans to the
deserving students of their organization. All the problems associated with this project will be
discussed in this proposal considering the current market trends in Australia. The application of
the concept and its usefulness will be also considered in the proposal. The project requirements,
assumptions, constraints will be also presented in the proposal. The different categories of costs
and cost analysis will be also discussed in the paper. The risks associated with this project along
with the contingency plan can will be presented in the paper in a tabular manner. The proposal
will be concluding with the time scale of the project and the major milestones will be also
presented in this paper.

4BUSINESS GRANTS TO DESERVING STUDENTS
1. Overview of the project proposal
The foremost determination of this business research proposal is to understand the issues
which might be faced by Australian Business Finance Centre as they are planning to offer loans
and business grants to their existing students. This program have considerable number of issues
such as unauthorized students may get the opportunity to get the loan instead of the existing
students of this organization and students who are more financially stable may get the
opportunity to get the loan instead of the deserving students. This business research proposal will
be very much useful for the management team of this organization in order to deal with the
above discussed issues.
The educational loans or the business grants which are provided to the deserving students
have numerous challenges such as the priority of the students which has to be classified in a
well-documented manner by the operational team of the organizationi. The loans which has been
already sanctioned to the deserving students must be indirectly contribute to the national
economy of Australia as wellii. Thus these important factors has to be significantly considered by
the administrative unit of the business organizations so that the desired results are obtained from
the deserving students who will be getting the loan.
This business research proposal will be having numerous unit and sub units such as the
key analysis which will be having the value proposition, problems associated with the project,
current market trends and requirements of the projects in terms of the constraints and
assumptions, costs required for the projectiii. The risks associated with this project will be also
presented in this proposal along with the mitigation steps for each of the risks.
The cost allocated for this project is $30000, and the project will be completed within 12
months. The main funding amount will be coming from the shareholders of Australian Business
Finance Centre. Apart from the main cost, this project will be having other overhead costs which
has to be given to the dedicated team, of this organization who will be monitoring the project
after the closure phase of this project. The time required for each of the phases of this of this
project will be presented in the time scale of this paperiv. This project will be conducted in 194
days starting from 1st April to 24th December 2019. The following unit of the paper will be
discussing all the key elements which are needed to be considered during this

5BUSINESS GRANTS TO DESERVING STUDENTS
2. Key analysis
This is a very complicated project and it has to be evaluated in every phase. Each of the
phase of this projects has to be monitored effectively so that the desired results are obtained from
the project. This unit of the business research proposal will be evaluating and focusing on the
value proposition, the business objectives of the proposal will be also stated in this paperv. The
challenges associated with this project will be presented in this unit of the paper as well. The
current market trends which are followed by most of the educational organizations while
providing business grant will be also focused in the paper along with that impact of this
educations loans in our society will be also discussed in this unit of the paper.
2.1 State the value proposition
The value proposition of this project is one of the most important aspects as it can help
the organization to get the desired success they are achieving for. The value of services provided
by this organizations in terms of providing the educational loans and the business grants should
be of very high quality as it might have an impact on the market reputations of this organization
among all the other similar organizationsvi. The values associated with this projects in terms of
the identification of the deserving students from the undeserving students has to be identified in
the first place. This step can be followed by the application of the money which have been
released to the students, it must be directly or indirectly for the growth and development of our
society.
2.1.1 Business objectives of the proposal
This business research proposal have numerous objectives which are described as follows:
 To identify the deserving students with the non-deserving students.
 Authorization of the entire procedure before releasing the funds.
 To identify the utilization of the money by the students who have already got the
payment.
 To identify the impact of the business grants on the lives of the students.
 What are the unethical ways which can be used by the stakeholders of this project?

6BUSINESS GRANTS TO DESERVING STUDENTS
2.1.2 Problems which are needed to be solved.
There are different categories of issues associated with this projects which as described as
follows:
Selection of current stakeholders: Dedicated personalities must be selected for this task
as it have numerous sensitive steps and decision making procedure such as the identification of
the deserving students from the underserving if the financially stable studentsvii. The primary
stakeholders of this project is the shareholder of the Australian Business Finance Centre who will
be releasing the funds.
Cost Analysis: The cost analysis of this projects is also a significant issue for this project
as it involves all the different categories of cost associated with this project in the planning phase
and the implementation phaseviii. Financial Management is a very important aspect of this project
which has to be done very accurately as the business conditions of Australia is very dynamic in
nature. The rules and regulations of Australian laws has to be also considered in the cost
analysis.
Risk Management: All the different categories of risks associated with this project has
to be identified in the first before the project startsix. The team which will be working to mitigate
the risks has to be recruited in a professional manner.
Time Management: The project has to be done within the time allocated, it must start on
1st April and will be ending on 24th Decemberx. All the phases and sub phases of this project must
be done within the time, the details of the time management will be provided in the Time scale.
2.1.3 Current market trends
Considering the current market trends in Australia, it can be said both the performing
assets and the non-performing assets of the organization has to be considered while organizing
this event. The business grants are provided by most of the reputed similar business
organizations in Australia, the success and failure of these projects has to be considered in this
project also so that the difficulties face in those do not have any impact on this project.
2.1.4 Benefit for the community
Considering the social perspective it can be said that the business grants can be very
much useful for our society as it is providing the deserving students the medium to start their

7BUSINESS GRANTS TO DESERVING STUDENTS
business according to their necessities and requirements. The business grants and the educations
loans is also very much beneficial for the banks of Australiaxi. These events can be very much
useful for Australian Business Finance Centre as well as they can choose their banking partner
wisely. The literacy rates of the country can be also improved using this educational loans. The
students who are looking forward to their higher education can use the amount as well. The
employment rates of the Australia can be also improved due to the business grantsxii. Income tax
benefits can be also obtained from the educational loans which are given by the educational
organizations. Numerous categories of taxations protocols can be also avoided by the students if
the students gets the educational loan from the Australian Business Finance Centre.
2.1.5 Expected outputs
This project can be very much beneficial not only from the point of view of the
organization as well from the point of view of the students. The reputations of the organization
can be improved to a huge extent and the students can also manage their carriers using the
money they will be getting as the educational loanxiii. This project can have a huge impact on the
educational organization as it will help them in attracting most of the potential students of this
organization. The eligibility of the operational faculties of this organization can be also improved
after this project is successfully completed with the time which will discussed in the time scale.
The role of the shareholders of this organization and their performance can be also tested during
this project.
3. Project requirements
3.1 List and describe the requirements required for this project
The requirements for this project are as followings:
 IT experts are required to store all the information of the deserving students before after
completion of the projectxiv.
 HR department of the educational organization should be recruiting the human resources
required for this project in a professional manner.
 Statistical analysis tools such as Statistical Package for the Social Sciences (SPSS),
MATLAB, Microsoft Excel sheets, Graph pad prism and Minitab can be very much
useful for the analysis of the data which will be considered in this project.

8BUSINESS GRANTS TO DESERVING STUDENTS
 Quality Analysis tool is required for this project such as diagrams and maps.
 The role of the bankers are also very much important for this project as they can discuss
the banking issue with the management team of the educational organization as well.
3.2 List and describe the assumptions of this project
The assumptions of this project are as follows:
 The students must be aware of the facilities of the business grants.
 The business grants will be taken only by the Australian citizens.
3.3 List and describe the constraints for this project
There are different categories of constraints associated with these projects such as the
followings:
 Selection of the undeserving students.
 Categorization of the students who have already got the amount with the students who are
eligible to get this offer.
 The utilization of the money in illegal activities is also a huge source of concern in this
projectxv.
 There is a cyber-security risk involved in these projects also such as the use of the SQL
injection attacks during the transfer of the money from the banks to the bank accounts of
the students, any sorts of interceptions within the network can be disastrous as well.
4. Cost of the project
4.1 Main and overall costs
Cost/Benefit Analysis for Australian Business Finance Centre
Planning phase 5000
Implementation phase 25000
Total Cost for the project 30000
Total Cost for the project
Figure 1: Total Cost of the project for Australian Business Finance Centre
(Source: Created by the user)

9BUSINESS GRANTS TO DESERVING STUDENTS
The total cost of this project is $30000 AUD. The project will be funded by the main
shareholder of Australian Business Finance Centre. The funds can be released in a milestone
basis regarding each phase of the projectxvi. Initially $5000 will be required for planning the
project, the planning phase has to be done by strict professionals which have years of experience
working on similar projects as they will be very much useful while dealing with adverse
conditions during or after the project is completedxvii. Documentation is a very important aspect
of the planning phase and the rest of the projects depends entirely on the documented which are
prepared on the planning phasexviii. The following unit of the paper will be presenting the cost
analysis for this project.
4.2 Cost Analysis
Year of Project
year 0 year1 year 2 year 3 year 4 year 5 TOTALS
Net economic benefit $0.00 $14,000.00 $14,000.00 $14,000.00 $14,000.00 $14,000.00
Discount Rate 8% 1 0.9259 0.8573 0.7938 0.7350 0.6806
PV Of Benefits $0.00 $12,962.96 $12,002.74 $11,113.65 $10,290.42 $9,528.16
NPV of all BENEFITS $0.00 $12,962.96 $24,965.71 $36,079.36 $46,369.78 $55,897.94 $1,76,275.74
One Time Costs $30,000.00
Recurring Costs $0.00 $250.00 $250.00 $250.00 $250.00 $250.00
Discount Rate 8% 1.0000 0.9259 0.8573 0.7938 0.7350 0.6806
PV Of Recurring Costs $0.00 $231.48 $214.33 $198.46 $183.76 $170.15
NPV Of All Costs $30,000.00 $30,231.48 $30,445.82 $30,644.27 $30,828.03 $30,998.18 $1,83,147.78
Overall NPV ($6,872.04)
Overall ROI = (Overall NPV / NPV Of All Costs -0.04
Break-Even Analysis
Yearly NPV Cash Flow $0.00 $12,731.48 $11,788.41 $10,915.19 $10,106.66 $9,358.02
Overall NPV Cash Flow $30,000.00 ($17,268.52) ($5,480.11) $5,435.08 $15,541.74 $24,899.76
Project break-even occurs between years 2 and 3
Use 1st year of positive cash flow to calculate break-even fraction 2.5021 years
Figure 2: Cost/ Benefit analysis for Australian Business Finance Centre
(Source: Created by the user)
The net economic benefit each year is presented in the above figure which states that
$14000 per year. The NPV of all cost for the first year is $30231.48, second year is $30445.82,

10BUSINESS GRANTS TO DESERVING STUDENTS
third year is $30644.27 and for the firth year is $30828.03xix. The positive cash flow for the 1st
year in this project is around 2.5021 years.
5. Major risks
There are different categories of risk associated with this project which will be discussed
in this unit of the paper.

11BUSINESS GRANTS TO DESERVING STUDENTS
5.1 Three major risk for the proposal
The three major risks for this proposal are as followings:
o Financial management of each of the phasesxx.
o Identification of the deserving and non-deserving students.
o Monitoring the usage of the money which are already sanctioned is also an important risk
associated with this project.
5.2 Discussion of the risks
5.2.1 Financial management: The total budget has to be used both the phases of this project.
The financial management is one of the most important considerations for this project.
5.2.2 Classification: The identification of the deserving students depends upon the success and
the failure of the projectxxi.
5.2.3 Monitoring the usage of the money: The facility obtained by the students should be used
for their personal activity and it can have an impact on the final output of this project.
5.3 Mitigation of the risks
Risks Mitigation Plan
Financial management Remove the unnecessary expenses of the
projectxxii.
Classification The categorization of the students can be done
by a dedicated team who will be reviewing
the documents submitted by the students who
will be applying for the business grants and
educational loans
Monitoring the usage of the money The social media activities of the students
needs to be tracked in order to minimize this
issue
Table 1: Mitigation of the risks
(Source: Created by the author)

12BUSINESS GRANTS TO DESERVING STUDENTS

13BUSINESS GRANTS TO DESERVING STUDENTS
6. Time Scale
Issues faced by Australian
Business Finance Centre to
grant business grants and
educational loans
Phase 1
Information gathering Evaluation of data Documentation Evaluation of
documentation
Phase 2
Identification of the risks of
the project
Detailed analysis of the
impact of the risks
Formation of mitigation
strategy for each of the
identified risks
Phase 3
Evaluation of the cost
required in each phase of
the project
Phase 4
The Event Project closure Project Evaluation phase
Figure 3: WBS of the project
(Source: Created by the author)

14BUSINESS GRANTS TO DESERVING STUDENTS
ID Outline
Number
Task
Mode
Task Name Duration Start Finish Predecessors Resource Names
0 0 Business grants
to deserving
students
174 days Tue
19-03-19
Fri
15-11-19
1 1 Start Project 1 day Tue 19-03-19Tue 19-03-19
2 2 Phase 1 25 days Wed 20-03-19Tue 23-04-19
3 2.1 Information
gathering
10 days Wed
20-03-19
Tue
02-04-19
1
4 2.2 Evaluation of data10 days Wed 03-04-19Tue 16-04-193
5 2.3 Documentation3 days Wed 17-04-19Fri 19-04-19 4
6 2.4 Evaluation of
documentation
2 days Mon
22-04-19
Tue
23-04-19
5
7 3 Phase 2 75 days Wed 24-04-19Tue 06-08-19
8 3.1 Identification
of the risks of
the project
15 days Wed
24-04-19
Tue
14-05-19
6
9 3.2 Detailed
analysis of the
impact
15 days Wed
15-05-19
Tue
04-06-19
8
10 3.3 Formation of
mitigation
strategy for
each of the
identified
risks
45 days Wed
05-06-19
Tue
06-08-19
9
11 4 Phase 3 30 days Wed 07-08-19Tue 17-09-19
12 4.1 Evaluation
cost of the
project
30 days Wed
07-08-19
Tue
17-09-19
10
13 5 Phase 4 43 days Wed 18-09-19Fri 15-11-19
14 5.1 Event 30 days Wed 18-09-19Tue 29-10-1912
15 5.2 Project
evaluation
3 days Wed
30-10-19
Fri 01-11-19 14
16 5.3 Project
closure
10 days Mon
04-11-19
Fri 15-11-19 15
17 6 End Project 0 days Tue
19-03-19
Tue
19-03-19
19-03
11-03 22-04 03-06 15-07 26-08 07-10 18-11
01 January 01 April 01 July 01 October
Figure 4: Mitigation of the risks
(Source: Created by the author)

15BUSINESS GRANTS TO DESERVING STUDENTS
6.1 Time required to complete the project
There are different phases of this projects, each phases have numerous sub phases. Phase
1 of the project will require around 25 days’ time, phase 2 of the project required around 75 days,
the phase 3 of this project will be done in 30days time and the phase 4 of the project needs
around 43 days to be completed.
6.2 List and describe the major milestones
The phase 1 of this project will be having numerous sub phases such as gathering of the
information which requires 10 days to be completed, evaluation of the data which are gathered
can be done in 10 days followed by the documentation which can take a maximum of 3 daysxxiii.
The documentation can be reviewed within 2 days. The phase 2 of this project can be completed
in 75 days. The identification if the risk can be done in 15days, the impact of the risks can be
also identified in 15 days, mitigation strategy for each of the identified risks can be done in 45
considering the present Australian conditionsxxiv. The cost required in the project has to be
calculated in an efficient manner and it can be done in 30 days’ time. The main event can be a 30
day affairs as the student need a lot of verification proves from both the administrative unit of the
organization as well as from the academic block.
7. Conclusion
The paper concludes the value proposition of this projects in in terms of the identification
of the deserving and the underserving people. The business objectives of the project such as the
authorization procedure before releasing the funds and identification of the deserving and
undeserving students can be also determined from the paper. The problems which are needed to
be solved such as the selection of the current stakeholders and cost analysis can be also
concluded from the paper. The paper helps in understanding the current market trends and the
benefits for the community regarding the business grants and educational loans which can be
provided to the deserving students. The project requirements can be also stated understood from
this project such as the use of the quality analytical tools and statistical analysis tools such as
MATLAB and SPSS can be also identified from this paper. The assumptions of this project can
be also concluded from this paper are students must be aware of the facilities of the educational
loans. The constraint of the project such as the categorization of the students can be also
understood from this paper. The cost associated with this project in different phases helps in

16BUSINESS GRANTS TO DESERVING STUDENTS
concluding how the total amount is spent in different phases in the project. Planning phase
requires $5000 AUD and the implementation or the main phase of the project requires around
$25000 AUD to be completed. The different types of risk associated with this project can be also
understood from this business research proposal such as the financial management and
identification of the deserving students from the rest of the students.The time required for each of
the phases can be also settled using the figure three which states about the milestone and time
required for each of the phases to be completed. Thus, this business research proposal can be
very much useful to understand the issues which might be faced by Australian Business Finance
Centre as they are planning to provide business grant and educational loan to the deserving
students.

17BUSINESS GRANTS TO DESERVING STUDENTS
8. Reference
Ambrose, B.W., Cordell, L. and Ma, S., 2015. The impact of student loan debt on small business
formation. Available at SSRN 2417676.
Bøyum, I. and Aabø, S., 2015. The information practices of Business PhD students. New Library
World, 116(3/4), pp.187-200.
Britt, S.L., Ammerman, D.A., Barrett, S.F. and Jones, S., 2017. Student loans, financial stress,
and college student retention. Journal of Student Financial Aid, 47(1), p.3.
Chapman, S., 2015. Student loans and the labor market: Evidence from merit aid programs.
Northwestern University Department of Economics, Chicago, IL.
Godwyn, M. and Stoddard, D., 2017. Minority women entrepreneurs: How outsider status can
lead to better business practices. Routledge.
Goodell, J.W., 2016. Do for-profit universities induce bad student loans?. The Quarterly Review
of Economics and Finance, 61, pp.173-184.
Harder, J.T., Czyzewski, A. and Sherwood, A.L., 2015. Student self-efficacy in a chosen
business career path: The influence of cognitive style. College Student Journal, 49(3), pp.341-
354.
Jette, D.U., 2016. Physical therapist student loan debt. Physical therapy, 96(11), pp.1685-1688.
Lee, W., 2016. Social work–business sector collaboration in pursuit of economic justice. Social
work, 61(3), pp.209-216.
Levy, C.D., 2017. 3 African American Student Loan Debt. The Neoliberal Agenda and the
Student Debt Crisis in US Higher Education: Indebted Collegians of the Neoliberal American
University, p.36.
Lochner, L. and Monge-Naranjo, A., 2016. Student loans and repayment: Theory, evidence, and
policy. In Handbook of the Economics of Education (Vol. 5, pp. 397-478). Elsevier.

18BUSINESS GRANTS TO DESERVING STUDENTS
Looney, A. and Yannelis, C., 2015. A crisis in student loans?: How changes in the characteristics
of borrowers and in the institutions they attended contributed to rising loan defaults. Brookings
Papers on Economic Activity, 2015(2), pp.1-89.
Matukane, M.M. and Bronkhorst, S., 2017. Student Funding Model Used By the National
Student Financial Aid Scheme (Nsfas) at Universities in South Africa. The Journal of Internet
Banking and Commerce, 22(2), pp.1-20.
Miller, S. and Hilliard, K., 2017. Applied Learning Through Student-Led Microfinance
Programs. Business Education Innovation Journal Volume 9 Number 2 December 2017, p.39.
Romano, R.M. and Palmer, J.C., 2016. The community college and the business cycle. Change:
The Magazine of Higher Learning, 48(5), pp.52-57.
Steiner-Khamsi, G., 2016. Standards are good (for) business: Standardised comparison and the
private sector in education. Globalisation, Societies and Education, 14(2), pp.161-182.
Sullivan, J. and Towell, M., 2017. Student Loans: What You Need to Know before Signing;
When Borrowing to Pay for College, It Takes Great Care to Minimize the Impact on Personal
Finances. Journal of Accountancy, 223(1), p.40.
Uhlig, R.P., Mehta, K., Silverstone, S. and Mossavar-Rahmani, F., 2015. The value of business
education: A case study of business administration graduates of a large university. Journal of
Business and Behavioral Sciences, 27(1), p.95.
Weidner, J., 2016. Does Student Debt Reduce Earnings?. Princeton University.
Whitaker, J., New, J.R. and Ireland, R.D., 2016. MOOCs and the Online Delivery of Business
Education What's new? What's not? What now?. Academy of Management Learning &
Education, 15(2), pp.345-365.
Wilson, J.H. and Joye, S.W., 2018. Student Resources. Journal of Mixed Methods Research,
5(1), pp.7-24.
Yannelis, C., 2017. Strategic default on student loans. Unpublished Mimeo.
Yunus, M., 2017. Social business entrepreneurs are the solution. In The Future Makers (pp. 219-
225). Routledge.

19BUSINESS GRANTS TO DESERVING STUDENTS
Zhang, X.Q., 2019. Research on the Problems and Strategies of College Students' Venture
Financing. DEStech Transactions on Social Science, Education and Human Science, (icesd).

i Ambrose, B.W., Cordell, L. and Ma, S., 2015. The impact of student loan debt on small business formation. Available at
SSRN 2417676.
ii Britt, S.L., Ammerman, D.A., Barrett, S.F. and Jones, S., 2017. Student loans, financial stress, and college student
retention. Journal of Student Financial Aid, 47(1), p.3.
iii Yannelis, C., 2017. Strategic default on student loans. Unpublished Mimeo.
iv Bøyum, I. and Aabø, S., 2015. The information practices of Business PhD students. New Library World, 116(3/4),
pp.187-200.
v Jette, D.U., 2016. Physical therapist student loan debt. Physical therapy, 96(11), pp.1685-1688.
vi Romano, R.M. and Palmer, J.C., 2016. The community college and the business cycle. Change: The Magazine of Higher
Learning, 48(5), pp.52-57.
vii Weidner, J., 2016. Does Student Debt Reduce Earnings?. Princeton University.
viii Uhlig, R.P., Mehta, K., Silverstone, S. and Mossavar-Rahmani, F., 2015. The value of business education: A case study
of business administration graduates of a large university. Journal of Business and Behavioral Sciences, 27(1), p.95.
ix Lee, W., 2016. Social work–business sector collaboration in pursuit of economic justice. Social work,
61(3), pp.209-216.
x Looney, A. and Yannelis, C., 2015. A crisis in student loans?: How changes in the characteristics of borrowers and in the
institutions they attended contributed to rising loan defaults. Brookings Papers on Economic Activity, 2015(2), pp.1-89.
xi Steiner-Khamsi, G., 2016. Standards are good (for) business: Standardised comparison and the private sector in education.
Globalisation, Societies and Education, 14(2), pp.161-182.
xii Wilson, J.H. and Joye, S.W., 2018. Student Resources. Journal of Mixed Methods Research, 5(1), pp.7-24.
xiii Levy, C.D., 2017. 3 African American Student Loan Debt. The Neoliberal Agenda and the Student Debt Crisis in US
Higher Education: Indebted Collegians of the Neoliberal American University, p.36.
xiv Goodell, J.W., 2016. Do for-profit universities induce bad student loans?. The Quarterly Review of Economics and
Finance, 61, pp.173-184.

xv Sullivan, J. and Towell, M., 2017. Student Loans: What You Need to Know before Signing; When Borrowing to Pay for
College, It Takes Great Care to Minimize the Impact on Personal Finances. Journal of Accountancy, 223(1), p.40.
xvi Harder, J.T., Czyzewski, A. and Sherwood, A.L., 2015. Student self-efficacy in a chosen business career path: The
influence of cognitive style. College Student Journal, 49(3), pp.341-354.
xvii Zhang, X.Q., 2019. Research on the Problems and Strategies of College Students' Venture Financing. DEStech
Transactions on Social Science, Education and Human Science, (icesd).
xviii Chapman, S., 2015. Student loans and the labor market: Evidence from merit aid programs. Northwestern University
Department of Economics, Chicago, IL.
xix Yunus, M., 2017. Social business entrepreneurs are the solution. In The Future Makers (pp. 219-225). Routledge.
xx Whitaker, J., New, J.R. and Ireland, R.D., 2016. MOOCs and the Online Delivery of Business Education What's new?
What's not? What now?. Academy of Management Learning & Education, 15(2), pp.345-365
xxi Lochner, L. and Monge-Naranjo, A., 2016. Student loans and repayment: Theory, evidence, and policy. In Handbook of
the Economics of Education (Vol. 5, pp. 397-478). Elsevier.
xxii Godwyn, M. and Stoddard, D., 2017. Minority women entrepreneurs: How outsider status can lead to better business
practices. Routledge.
xxiii Matukane, M.M. and Bronkhorst, S., 2017. Student Funding Model Used By the National Student Financial Aid
Scheme (Nsfas) at Universities in South Africa. The Journal of Internet Banking and Commerce, 22(2), pp.1-20.
xxiv Miller, S. and Hilliard, K., 2017. Applied Learning Through Student-Led Microfinance Programs. Business Education
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