Building A Better College Loan:  Purdue Program Wins $10,000 Prize in Boston Think Tank’s Annual Competition

An innovative financial aid program at Purdue University has been awarded a $10,000 prize in the 27th annual Better Government Competition held by the Pioneer Institute, a public research organization located in Boston. Purdue's Back A Boiler program, chosen out of more than 80 contest submissions from around the United States, is a supplemental financial aid option for "rising sophomores, juniors, and seniors" using income share agreements, which tap into the future income of those graduates w

An innovative financial aid program at Purdue University has been awarded a $10,000 prize in the 27th annual Better Government Competition held by the Pioneer Institute, a public research organization located in Boston. Purdue's Back A Boiler program, chosen out of more than 80 contest submissions from around the United States, is a supplemental financial aid option for "rising sophomores, juniors, and seniors" using income share agreements, which tap into the future income of those graduates w…