Balaji "Raj" Rajan, president and CEO of Ceannate Corp., a leading business process outsourcing firm focused entirely on the students and institutions in the post-secondary education sector, today applauded the White House for convening college presidents, nonprofit and business leaders at a summit to discuss strategies for improving college completion rates in America. Among issues discussed at the summit is the tie between education and income equality, the idea of raising students out of poverty by obtaining a college degree. In response to this approach, Rajan issued the following statement:
"As the founder of a company that has helped more than a two million current and former students to avoid delinquency and default on their loans, and as a parent who has put children through college, I understand the financial obstacles that face students and their parents. Lifting students out of poverty through higher education is only half the equation; keeping them financially afloat during their college and post-graduate years is perhaps an even greater challenge."