Student Loans Can Be Perilous. Here’s a Better Way to Pay for College.

Parents, consider rethinking college debt.

Instead of a mountain of college debt, Andrew Hoyler got a income share agreement from Purdue University.

Under the plan, he’ll pay 8% of his income for 104 months — but nothing after that. Hoyler said he likes this agreement because he has “the security of knowing that I’ll never [have to] pay back more than I can afford.”

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