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Getting a Student Loan With Collateral From a Future Job

April 9, 2016/

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 http://www.purdue.edu/backaboiler/index.php , an alternative financing arrangement known as an income-share agreement.

By STACY COWLEY

Full Story: http://www.nytimes.com/2016/04/09/business/dealbook/getting-a-student-loan-with-collateral-from-a-future-job.html?hpw&rref=business&action=click&pgtype=Homepage&module=well-region&region=bottom-well&WT.nav=bottom-well&_r=0

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