Income sharing agreements could mean interest rates for students above 18%

Income sharing agreements could mean interest rates for students above 18%

Purdue University
Michael Hickey/Getty Images

Venture capitalists, colleges and politicians are working to make income sharing agreements the norm on campuses.
Consumer advocates are sounding the alarm.
Under these types of agreements, students forfeit a slice of their future income in exchange for money to pay for college. The contracts are often framed as a potential solution to the student debt…

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