Patent ID: 7395234
Filing Date: 2008-07-01
Classification: G06Q

Abstract:
1. A computer implemented method for user to contract a future education fee amount now for an education course and optionally paying for said contracted education fee in future subject to gaining admission to said course, comprising steps: receiving education information including data representative of a single selected education course and a single selected institution from an user over a network connected to a computer having memory with a data structure stored in said memory, said data structure comprising first data representative of volatility of education course prices; said computer using said information with said first data, calculating an education option price in consideration to contract the future education fee amount as determined by the user for said single selected education course and said single selected institution; outputting the education option price for consideration by the user; the user paying for the education option; and updating said data structure with said education option having a right but not an obligation to pay said future education fee for said single selected course on condition of being offered admission to the single selected course by said single selected institution before commencement date of the single selected course for said user.