College Students Pay Dividends To "Shareholders" Backing Their Education

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College Students Pay Dividends To "Shareholders" Backing Their Education

Mar, 17th 2017

It soon may get easier for students to finance college by selling a share in their future selves.

Purdue University is partnering with Vemo Education, a technology firm, in hopes of spreading an alternative form of college financing pioneered at Purdue last year. The product, known as an income-share agreement or ISA, allows students to pay for college by selling a percentage of their future income to a backer, instead of paying out right or taking on debt. Typically, students who go into more lucrative fields pay a smaller percentage of their income during repayment, while students who go into less lucrative fields pay a larger share.

The West Lafayette, Ind.-based public college launched...

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