Experiments With a New Way of Paying for College

From:  Inside Higher Ed
By:  Doug Lederman

Colleges (and nontraditional providers) experiment with income-share agreements as innovation that could help some people afford education and training.

It’s a symptom of the current moment that ideas that might have some merit, or could help solve a problem, are prematurely described by advocates or policy makers (or, yes, journalists) as the “next big thing” before they have proven themselves effective. This is particularly true in the ed-tech space, but other sorts of purported innovations are susceptible to the same trend.

Consider the case of income-share agreements, which are having a moment and leading to articles like this recent one in The Atlantic, whose tagline says they “could solve [the] debt crisis.”

Income-share agreements are, described simply, a replacement for borrowing in which a student agrees to repay a portion of postgraduation income for a set number of years in exchange for an institution waiving all or part of their tuition…Click here to read more.

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