Getting a Student Loan With Collateral From a Future Job
- April 8, 2016
- Posted by: Kerry Schneider
- Category: Back a Boiler, Income Share Agreements (ISAs)
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.