Universities with Income Share Agreements

In recent years, the cost of higher education has skyrocketed, leaving many students with mountains of debt upon graduation. In response to this issue, a new trend has emerged in the world of higher education: income share agreements (ISAs).

An ISA is a type of financing where a student agrees to pay a percentage of their income over a set number of years in exchange for funding their education. Instead of incurring debt, students pay a percentage of their future income, usually between 2-10%, until they’ve paid back their initial investment. If a student’s income falls below a certain threshold, payments are paused until they’re back on their feet.

This innovative financing solution is gaining popularity with universities across the country. Here are a few universities with income share agreements to consider:

1. Purdue University: Purdue was one of the first universities to offer ISAs and has continued to be a leader in this space. Their ISA program is called the “Back a Boiler” program, which allows students to finance their education without taking on significant debt.

2. Lackawanna College: Lackawanna College in Pennsylvania offers students the opportunity to finance their education without taking on debt through their Payback Promise program. The program is structured to ensure that students are not burdened with excessive payments.

3. Norwich University: Norwich University has partnered with Vemo Education to offer an ISA program that is available to all undergraduate students. The program is designed to ensure that students have access to financing that works for them, regardless of their financial background.

4. Colorado Mountain College: Colorado Mountain College has partnered with Stride Funding to offer ISA financing to students. The program is designed to help students pay for their education while ensuring that they are not burdened with excessive debt.

5. Clarkson University: Clarkson University in New York offers an income share agreement program to undergraduate and graduate students. The program is designed to help students pay for their education and ensure that they are not burdened with excessive debt.

In conclusion, income share agreements are a promising solution to the problem of student debt. As the cost of higher education continues to rise, more and more universities are offering ISA programs to help students finance their education. These programs are designed to ensure that students are not burdened with excessive debt, and instead, can focus on building their careers and pursuing their passions.

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