Your current web browser is outdated. For best viewing experience, please consider upgrading to the latest version.

Contact

Send a question or comment using the form below. This message may be routed through support staff.

Email Article

ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
search DONATE
Close Nav

Better Than a Loan

back to top
commentary

Better Than a Loan

Creators Syndicate October 23, 2019
EducationHigher Ed

Editor's note: The following is based on John Stossel’s latest video collaboration with City Journal, featuring Beth Akers and others on student loans and new approaches to the financing of higher education.

Student loan debt keeps growing.

There is a better solution than the ones politicians offer, which stick the taxpayer or the loan lenders with the whole bill.

It's called an "income share agreement."

Investors give money to a college, and the college then gives a free or partially free education to some students. When those students graduate, they pay the college a certain percentage of their future income.

It's a way "for the school to say to students, 'You're only going to pay us if we help you succeed'," explains Beth Akers, co-author of the book "Game of Loans."

Continue reading the entire piece here at Creators Syndicate

______________________

John Stossel is an award-winning television reporter known for his career on both ABC News and Fox Business Channel. He is the author most-recently of "No They Can't! Why Government Fails -- But Individuals Succeed."

Photo by calvste/iStock

Saved!
Close