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Andrew Hancock/Andrew Hancock/Purdue University
Andrew Hancock/Andrew Hancock/Purdue University
Many young people face a double bind. Graduating from college—especially earning a four-year degree—is an important factor in upward mobility. But college has become incredible Expensive.
When we spoke to Lauren Neuwirth three years ago, she was facing financial stress. While attending Purdue University, she had run out of money. Traditional financial aid simply wasn’t enough. She was considering joining the military to pay for tuition.
Then she discovered an unusual payment option: an income-share agreement. If she agreed to give Purdue a percentage of her future earnings for a certain period of time, she would get the money she needed to complete her studies. The more she earned after graduation, the more money Purdue would give her.
Today’s show will discuss how income share agreements work – and Lauren, who graduated in 2020, will give us the latest news.
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