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Universities experiment with a no tuition, pay later model

Purdue
< 1 minute to read

Income Sharing Agreements are gaining the attention of higher education and Wall Street. One early success story is getting a boost from venture capital, Purdue University has begun experimenting with a program that charges no upfront tuition, but requires graduates to pay back a percentage of their income once they’re employed.

The concept is deceptively simple: Instead of charging students tuition — which often requires them to take out thousands of dollars in loans — students go to school for free and are required to pay back a percentage of their income after graduation, but only if they get a job with a good salary.

Full Article Link: https://www.nytimes.com/2019/01/08/business/dealbook/education-student-loans-lambda-schools.html

Photo Credit Michael Hickey/Getty Images

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