No Tuition, but You Pay a Percentage of Your Income (if You Find a Job)

Income Sharing Agreements are gaining the attention of higher education and Wall Street. One early success story is getting a boost from venture capital.

Purdue University has begun experimenting with a program that charges no upfront tuition, but requires graduates to pay back a percentage of their income once they’re employed. Photo: Michael Hickey/Getty Images

By Andrew Ross Sorkin

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