Backing the Future: Purdue Ponders Innovative Funding Initiative

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.

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