Getting a Student Loan With Collateral From a Future Job

From:  The New York Times
By:  Stacy Cowley

At Purdue University, some undergraduates will have a new option to help finance their degrees: pledging to pay a percentage of their future incomes in return for funds today.

Starting this fall, juniors and seniors will have access to the school’s Back a Boiler program, an alternative financing arrangement known as an income-share agreement.

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