Purdue Research Foundation signs letter of intent to explore college funding alternative

From:  Purdue University Newsroom

WEST LAFAYETTE, Ind., and RESTON, Va. – Purdue Research Foundation announced Monday (Nov. 23) that it has signed a letter of intent with Vemo Education, a Reston, Virginia-based financial services firm, to further study the potential benefits of income share agreement (ISA) funds.

With Purdue Research Foundation’s assistance, Purdue University becomes one of the first universities in the United States to explore an ISA as an option to help students pay for higher education.

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