The University of Utah believes income-share agreements may expedite time to graduation.
Reported by Education Dive, university officials found that many of their students were taking longer to graduate out of reluctance to take out large loans.
But slowing down or pausing your degree program can significantly increase your risk of non-completion.
So, the University of Utah launched income-share agreements, which allow a student to pay off a portion of their tuition with their post-graduation job income, to not only reduce a student’s personal financial burden, but to keep students moving to graduation on time.
The takeaway? More and more institutions are experimenting with income-share agreements to provide students with lower-risk debt alternatives. Are they right for your institution?
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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