Insights from a Former Brown College Athlete on Managing NCAA Expenses

Paul Raymond lettered four years varsity football at Brown University, and ran track for two years, before going to the NFL for several years. After leaving professional football Paul worked as a school counselor teaching Math to students in Miami, and today is an MBA student at Yale University. ClassWallet caught up with Paul to ask him about his experiences with the expense management side of college sports, specifically the process when he hosted recruits at Brown and was given NCAA funds to manage.

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ClassWallet Announces Minority Investment From Brentwood Associates

ClassWallet, a market-leading platform that streamlines the tracking of education funds, has closed a minority investment from Brentwood Associates (“Brentwood”).  Brentwood is a leading consumer-focused private equity investment firm that has made several investments in the education space.  ClassWallet represents the fifth education-related investment for Brentwood.  Several existing ClassWallet investors also participated in the funding round.

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Student-Based Budgeting: The Case for Transparency of District Funds Allocation

A shift is occurring in school districts across the United States, a shift from top down, centralized budgeting to student-based budgeting, also referred to as weighted student funding.  According to the American Legislative Exchange Council, weighted student funding is defined as “student funding from state sources. It includes additional funds, “weights,” based on percentages of foundation funding revenue to offset the higher education costs associated with certain student and school demographics.”

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