Recently I just heard about this incredible way to make college affordable without a loan. It’s called income share agreement (ISA) and basically, you don’t pay tuition until you graduate and get hired.
This company called Vemo Education partners with universities, colleges, and other education providers to create programs with ISAs.
The way it works is the student agrees to pay a certain percentage of their income, and once they complete a specialized program, students pay a certain percentage based on their post-graduation income.
On Vemo’s end of the agreement, they work with the school to create a program that will incentivize student retention and create classes that actually teach skills.
Vemo has a great mission and it resonates with me on a personal level because I was a college student who couldn’t afford tuition. So this week I’ll be targeting them for my value proposition and hopefully they contact me back.