Two Pa. colleges offer new way to pay for school; graduates pay from future earnings - Annabelle Williams, Philadelphia Inquirer

The average student debt for a college graduate in 2017 is $37,172, according to Debt.org, a national debt relief group. Student loan debt in America has doubled since just 2009, and surpassed $1.5 trillion earlier this year, according to the Federal Reserve. The situation cries out for better solutions. And some colleges, such as Purdue University in Indiana, and Lackawanna College and Messiah College in Pennsylvania, are exploring new options, including income share agreements (ISAs). Instead of paying tuition upfront, students hand over a percentage of their future income. This puts pressure on colleges to develop students for the job market, and it has the potential to ease the credit crunch bearing down on students today. http://www.philly.com/philly/business/two-pa-colleges-offer-new-way-to-pay-for-school-graduates-pay-from-future-earnings-20180731.html