California is the latest state to pilot income-share agreements.
Reported by EdSurge, California’s Assembly Committee on Higher Education has approved a bill to pilot income-share agreements through the University of California systems and at California State University.
These financial arrangements allow students to attend tuition-free, but require them to pay back a percentage of their income for no more than 10 years, and only after the student is making at least $20,000 annually.
The takeaway? Income-share agreements are yet another financial model designed to lower the risk of “some credit, no credential” for students, and make the financial ask of a college degree feel far less daunting. And if it makes financial sense for the institution, too? All the better.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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