American students pledge future salary to pay for education | The Malaysian Insight

📆 4/30/2019 7:15 AM
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American students pledge future salary to pay for education

The US student debt load which now tops US$1.5 trillion nationwide. – AFP pic, April 30, 2019.

AMERICAN college students are turning to a new strategy to avoid the debt trap that has captured millions, pledging a share of their future earnings to pay for their education rather than borrowing. And they are protected since they do not have to make payments if they cannot find a job after graduation, and for as long as their salary remains below a certain threshold.

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