Is an income-sharing agreement right for me?

We all know that a college education can be a very expensive proposition. More than two-thirds of college students in the U.S. graduate with some type of debt, and the current average amount that is owed by graduates with debt is close to $40,000. Some people have suggested an alternative to student loans that has gained notice in recent months because Purdue University has become a supporter. That alternative is the use of income-sharing agreements, also known as human capital contracts. Under an incoming-sharing agreement, an organization will provide funds to a student for college expenses in return for an agreed-upon percentage of their eventual income for a set number of years. Although the formulas that create the arrangement can be complicated and will vary significantly, some students have found this to be a valuable resource. (Read more)