Backing the Future: Purdue Ponders Innovative Funding Initiative
- March 1, 2016
- Posted by: Kerry Schneider
- Category: Back a Boiler, Income Share Agreements (ISAs)
From: BizVoice Magazine – Indiana Chamber of Commerce
By: Matt Ottinger
The problem – soaring college debt to the tune of $1.2 trillion nationally – is clearly identified. The solutions, however, are far more elusive with one presidential candidate even pushing free public college for all.
While that may never be possible – or even practical – mitigating the debt tsunami has become a focus at Purdue University. The school’s president, former Gov. Mitch Daniels, and the Purdue Research Foundation believe income share agreements (ISAs) could play a role in remedying the situation.