>>> ADAM IS A DAD ON A MISSION.
>> MAYBE LATER WE'LL READ A
BOOK.
>> WE HAVE A VERY BROKEN HIGHER
EDUCATION SYSTEM.
>> THE FATHER OF TWINS WANTS
KIDS AND PARENTS TO HAVE BETTER
OPTIONS WHEN IT COMES TO PAYING
FOR COLLEGE.
>> MY WIFE WENT TO COLLEGE FOR,
YOU KNOW, ABOUT THREE YEARS, HAD
TO LEAVE EARLY DUE TO FINANCIAL
HARDSHIP.
BY THE TIME WE MET SHE HAD OVER
$100,000 OF STUDENT DEBT.
>> $100,000?
>> OVER $100,000 WITHOUT A
BACHELOR'S DEGREE.
EVERY SINGLE ONE OF YOU HAS A
UNIQUE SUPER POWER.
>> THAT STRUGGLE GOT THE
33-YEAR-OLD ENTREPRENEUR
THINKING WHAT IF THE SCHOOL'S
ENTIRE BUSINESS MODEL WAS BASED
ON THE SUCCESS OF ITS STUDENTS?
THAT LED HIM TO FOUND MISSION U,
A BRAND NEW 12-MONTH SAN
FRANCISCO BASED TRAINING PROGRAM
THAT REQUIRES NO TUITION UP
FRONT.
NOT ONE STUDENT HERE IS PAYING A
DIME IN TUITION YET?
>> RIGHT.
>> THAT'S KIND OF MIND BLOWING.
>> IT IS.
INSTITUTIONS SHOULD BE
ACCOUNTABLE TO THE OUTCOMES OF
THEIR STUDENTS.
>> THERE'S NO CAMPUS AND ONLY
ONE MAJOR, DATA ANALYTICS AND
BUSINESS INTELLIGENCE.
COURSES ARE A MIX OF IN PERSON
SEMINARS AND LIVE ONLINE
CLASSES.
>> TAKING TWO VARIABLES WITH
INPUT.
>> TAUGHT BY SOME OF THE TOP
PROFESSORS IN THE COUNTRY.
STUDENTS AGREE TO PAY MISSION U
15% OF THEIR EVENTUAL INCOME FOR
THREE YEARS AFTER THEY LAND A
SALARY OF $50,000 OR MORE A
YEAR.
MAXIMUM PAY BACK, 45 GRAND
TOTAL.
JOHN HERSY IS IN THE INAUGURAL
CLASS RANGING FROM 18 TO 39
YEARS OLD.
>> IS THAT S?
>> HE RAKD UP $40,000 IN LOANS
AT GEORGE WASHINGTON UNIVERSITY
AND THEN DROPPED OUT.
>> WHAT DID YOUR PARENTS SAY TO
YOU WHEN YOU SAID, I'M DONE WITH
GW, I'M GOING TO MISSION U.
>> THEY SAID, DON'T DO IT.
>> BUT AVOIDING DEBT IS VERY
APPEALING.
AMERICANS OVER $1.3 TRILLION IN
STUDENT LOANS.
THE AVERAGE COLLEGE GRADUATE HAS
$25,000 OF OUTSTANDING LOAN
DEBT.
KAREN MORROW LEFT PEPPERDINE
UNIVERSITY BECAUSE OF THE COST
OF TUITION.
>> WHEN YOU APPLY FOR JOBS
YOU'RE GOING TO HAVE TO EXPLAIN
WHERE YOU WENT TO SCHOOL.
DO YOU HAVE ANY TREPIDATION
TOWARDS THAT?
>> THAT WAS MY FIRST QUESTION.
EVEN IF THEY'VE NEVER HEARD
ABOUT MISSION U, THEY'LL SEE ALL
THE WORK I'VE DONE.
>> THAT'S BECAUSE MISSION U
MATCHES STUDENTS WITH
INTERNSHIPS.
SOME OF THE WORLD'S MOST POPULAR
STARTUPS, SPOTIFY, LYFT, UBER
AND WILL HAVE THE FIRST
OPPORTUNITY TO HIRE ITS
GRADUATION.
THE CO-CEO NEIL BLOOMENTHAL
PLANS TO HIRE A GRAD.
>> IT'S ALTRUISTIC IN THAT WE
WANT TO CHANGE AND CATALYZE
EDUCATION IN THE U.S. AND IT'S
ALSO SELFISH.
WE WANT TO ADD PEOPLE ADDING VAD
U DAY ONE.
>> THE PROGRAM ISN'T FOR
EVERYONE AND SOME EDUCATION
EXPERTS AGREE.
>> THEY MAY BE TRAINING FOR A
VERY SPECIFIC JOB THAT MIGHT NOT
EXIST IN FIVE YEARS.
WHEN WE GO THROUGH A LIBERAL
ARTS OR JUST A BROADER
BACHELOR'S DEGREE PROGRAM, THE
IDEA IS THAT THE STUDENT IS
GAINING A SKILL SET THAT THEY
CAN CARRY WITH THEM THROUGHOUT
THEIR ENTIRE YEAR.
>> BROWN AND HIS STUDENTS ARE
FULLY INVESTED.
>> MISSION U IS THE OPPORTUNITY
I'VE BEEN WAITING FOR WITHOUT
REALLY KNOWING IT.
>> Reporter: THESE STUDENTS
BETTING THAT IT'S A RISK WORTH