Why One University Is Sharing the Risk on Student Debt
- March 15, 2017
- Posted by: Kerry Schneider
- Category: Back a Boiler, Income Share Agreements (ISAs), Vemo
From: The Atlantic
By: Amelia Friedman
Leaders at Purdue University believe their students don’t need to take on private loans to graduate.
Most student financial aid for higher education comes in two forms: loans and grants. As tuition costs have grown, however, both options have had a hard time keeping up—grants are oversubscribed and loans have left college dropouts struggling to pay off debts without any of the financial benefits of holding a degree.
Mitch Daniels, the president of Purdue University and the former governor of Indiana, has been watching this storm brew for years. Since taking over Purdue in 2013…Click here to read more…