Better Than a Loan


THAT'S WHAT I'M SCREAMING

By:                John Stossel

Better Than a Loan

Student loan debt keeps growing.

There is a better solution than the ones politicians offer, which stick the taxpayer or the loan lenders with the whole bill.

It’s called an “income share agreement.”

Investors give money to a college, and the college then gives a free or partially free education to some students. When those students graduate, they pay the college a certain percentage of their future income.

It’s a way “for the school to say to students, ‘You’re only going to pay us if we help you succeed’,” explains Beth Akers, co-author of the book “Game of Loans.”

Andrew Hoyler was thrilled when Purdue University got him an ISA loan. Now he’s a professional pilot, and he’ll pay Purdue 8% of his income for 104 months.

“After that 104-month term ends, if you still owe money, it’s forgiven, forgotten…

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One Response to Better Than a Loan

  1. trutherator says:

    Better still, get the government’s dirty filthy hands out of all education completely. Separation of school from government!

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