In the latest BizVoice, we covered Purdue University’s recent exploration into the world of Income Share Agreements (ISAs). The funding strategy allows students to pay back loans based on their future earnings. It’s a way to mitigate the mountains of debt today’s college students often find themselves in after graduation.
Since the article’s release, Purdue has moved forward to the next phase of the process. Purdue Research Foundation (PRF) is managing and making the funding available for the program. This web site provides more information.
PRF is now focused on providing educational and informational sessions to students and parents. The application process for the Back a Boiler – ISA Fund will begin in May. PRF anticipates this will give students time to review all of their options and determine which best serves their educational funding needs.