Blackrock's Schwarzman: US Education Cannot Keep Up With Govt. Funds Only
Steve Schwarzman
The changing U.S. economic and education structure has created a need for private funding for public schools  according to  Wall Street billionaire Steve Schwarzman .
 Schwarzman   founder of private-equity firm Blackstone Group and worth $13 billion  according to Forbes  advised 3 000 superintendents that public schools need to start working to raise private funding in order to compete  according to the report.
"Part of it is  if you've never done this type of work in terms of raising money  it's preparing people psychologically for the difficulty of asking "  Schwarzman  told B.I. "You have to be psychologically prepared to just keep asking."
And things will only get worse  according to  Schwarzman .
"I think the roadblocks are basically just tradition  " Schwarzman  told B.I. "What I'm talking about is just typically not done.
The changing U.S. economic and education structure has created a need for private funding for public schools  according to  [TGT]  .
  [TGT] founder of private-equity firm Blackstone Group and worth $13 billion  according to Forbes  advised 3 000 superintendents that public schools need to start working to raise private funding in order to compete  according to the report.
"Part of it is  if you've never done this type of work in terms of raising money  it's preparing people psychologically for the difficulty of asking "  Schwarzman  told B.I. "You have to be psychologically prepared to just keep asking."
And things will only get worse  according to  Schwarzman .
"I think the roadblocks are basically just tradition  " Schwarzman  told B.I. "What I'm talking about is just typically not done.