My school, Purdue, offers a program (Income share agreement - ISA) where a borrower pledges a percentage of their future income for 10 years in exchange for tui

My school, Purdue, offers a program (Income share agreement - ISA) where a borrower pledges a percentage of their future income for 10 years in exchange for tuition money. To me, the most "innovative" part of the program is that the percentage charged varies by major. The main conclusion from this program is that if you're income is going to be high (basically >=$70k/year starting salary), you're better off with a traditional loan. Main site: https://www.purdue.edu/backaboiler/ https://www.purdue.edu/backaboiler/ Tool for comparing ISA to traditional loans: https://www.purdue.edu/backaboiler/comparison/index.html https://www.purdue.edu/backaboiler/comparison/index.html