What are some innovative funding models for education?

What are some innovative funding models for education?

There are several innovative funding models for education, such as crowdfunding, income share agreements, and public-private partnerships. Would you like to explore any of these in detail?

Yes, tell me more about income share agreements.

Income share agreements (ISAs) allow students to pay for their education by agreeing to share a percentage of their future income for a set period. This model aligns the interests of students and educational institutions.

What are the pros and cons of ISAs?

Pros include reduced upfront costs for students and alignment of incentives. Cons can be potential high repayment amounts and complexity in terms.

Are there any successful examples of ISAs in practice?

Yes, several universities and bootcamps have successfully implemented ISAs, such as Purdue University and Lambda School. They have seen positive outcomes in student enrollment and success.