Friday, October 9, 2015

Purdue President Mitch Daniels explains new student loan program to members of Congress - Maureen Groppe, Indianapolis Star

Members of Congress had multiple questions Wednesday about the income share agreements Purdue University President Mitch Daniels hopes to offer as an alternative to traditional student loans. Would students from disadvantaged backgrounds be able to attract the investors who will pay for their degree in exchange for a share of future income? Why should students with income share agreements be able to discharge them by filing for bankruptcy when they can't do that with traditional student loans? Could the program serve as a guide to students about what degrees are most in demand in the marketplace?

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