Investors are launching new college student assistance programs.
Today, only a few schools and investors offer special programs to pay for college tuition in exchange for a portion of their future salary. However, these programs are gradually gaining popularity and deserve attention, writes Time.
One of the programs, the Two Income Share Agreement (ISA), is open only to high school students. Purdue's Back A Boiler Foundation will fund high school and 1 college year. So far, the list includes only 40 educational institutions in which students can enroll in a preferential program. Basically, they are located in Illinois.
Clarkson University offers its program. Financing implies full payment of 4-year tuition per student. In exchange, the applicant undertakes to transfer 10% of their future business to the fund. There is also no time limit for returns.
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