Purdue Signs Firm to Examine Student Income-Share Deals

From:  Indianapolis Business Journal
By:  Hayleigh Colombo

Purdue University is taking the next step toward a program in which students could get financial help for school from so-called investors in exchange for some of their future earnings.

Purdue Research Foundation, a private, not-for-profit foundation that supports Purdue, announced Monday that it has signed a letter of intent with a financial services firm to study the prospect of implementing an income-share agreement program.

The partnership is with Vemo Education, a Reston, Virginia-based firm, which will explore with Purdue how to structure and develop such agreements, and develop policies around such a program. Vemo will do the work for free, according to a company spokeswoman.

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