An Alternative to Student Loans: Pay for Your Education With Future Income

Income-share agreements swap debt for a portion of future salary.

(Image credit: Melpomenem)

As the cost of college climbs along with the average student debt burden, students and their families can be left in the lurch. Many take out private loans, often at high interest rates, to cover college costs. Now, a small but growing group of students are paying for part of their college education with a portion of their future earnings, using income-share agreements.

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Kaitlin Pitsker
Associate Editor, Kiplinger's Personal Finance
Pitsker joined Kiplinger in the summer of 2012. Previously, she interned at the Post-Standard newspaper in Syracuse, N.Y., and with Chronogram magazine in Kingston, N.Y. She holds a BS in magazine journalism from Syracuse University's S.I. Newhouse School of Public Communications.