Sick of Student Loans? Some Schools Offer to Take Part of Future Earnings Instead

Norwich University will offer its students an income share agreement as an alternative to traditional repayment of education-related debt. The agreements will allow students to forgo loans and instead pay a portion of their future earnings over a set period.

The military university hails the program, which it announced earlier this week, as an “initiative aimed at improving affordability, student retention, and degree completion.” Lauren Wobby, the school’s chief financial officer and...

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