Thursday, November 24, 2016

Now You Can Sell Shares in Yourself to Pay for College - Kim Clark, Time

New experiments by Purdue and at least five other educational institutions represent a more radical idea. Instead of lending money to students, “investors” essentially buy a “share” in a student’s future for a limited period of time. If the student makes little or no money in that time, the investors lose out, and the student is free from obligation. If the student succeeds, the investors profit—and the student may pay more than he or she would have on a loan. In other words, students can now sell a kind of stock in themselves. Allowing students to collect money for college now in return for a share of their after-graduation income is an idea that has a long history and many names.

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