A case for income-share agreements at colleges
We see it in the headlines on a regular basis: The salary premium of a college degree remains significant, but the costs and associated risk have never been higher. Data from the Federal Reserve Bank of New York shows the average college graduate earns around $30,000 a year more than someone with only a high school degree, but that average hides a lot of variance. And the COVID-19 crisis has magnified this difference. In times of economic downturn, college degrees are an even more important proxy for job readiness — at the exact moment they become more difficult to afford.
Originally published: February 25, 2021
Author: Tony Collins
Institution: Clarkson University
Published by: Education Dive