If income-share agreements run into regulatory trouble, will income-based tuition plans replace them?
Reported by Inside Higher Ed, with more and more institutions exploring income share agreements to provide students with an alternative financing option, Simmons University is launching an income-based tuition alternative, allowing a nursing student to defer their tuition until after graduation, and then pay off their tuition interest-free. The difference being that the repayment amount is only ever equal to the deferred tuition, not potentially more based on the post-degree salary attained.
The takeaway? These financing plans and alternatives are all trying to address the same problem – that front-end sticker prices feel too “risky” for many students without understanding exactly what financial outcome their education will provide. Plans like these seek to eliminate that risk.
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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