Purdue University's Income Share Agreement Program

Purdue University's Income Share Agreement (ISA) program is a financial arrangement where students receive funding for education in exchange for agreeing to pay a fixed percentage of their future income for a set period after graduation. Payments are contingent on earning above a certain income threshold, aligning repayment with earning capacity. This model helps reduce upfront costs and debt burdens, offering a potentially more flexible repayment structure tied directly to career success. It aims to make education more accessible while sharing the financial risk between students and the institution.