A Colorado college boosts income share agreements for DACA students


Colorado Mountain College has figured out a way to help its undocumented students, who are usually unable to qualify for scholarships, pursue an education by helping them pay through income sharing agreements. The agreements are a contract between the school and the student, but the students' loan incurs no interest, meaning they won't be overloaded with unpayable debt when they finish their degree. CMC has also capped its loan amounts at $3,000 per year, and when students graduate their repayment rate is "4% of the borrower's earned income once that income surpasses $30,000."

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