A new way emerges to cover college tuition. But is it a better way?


Several private colleges are considering an alternative to traditional student grants and loans - Income Share Agreements (ISAs) - in which colleges or outside capital sources provide loans to students with the promise that students will pay a percentage of their income with no interest for a set period of time after graduation. Critics argue that the arrangement will simply add to existing student debt and favor students in higher-paying math and science majors, programs in which minorities lack proportionate representation. Can colleges adjust the financing model to take into account these concerns?

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