Purdue Research Foundation and Vemo Education announced, today (March 9), a joint initiative to help colleges and universities design and implement income share agreements (ISAs) that provide students with an alternative to traditional private and Parent Plus loans.

Purdue has received national recognition for its Back a Boiler – ISA Fund. Designed to reduce the financial burden for students, the program allows Purdue University juniors and seniors to pay a percentage of their post-graduation income over a set number of years.

The Back a Boiler – ISA Fund is the first large-scale ISA to be offered...

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