Paul Laurora: Training Centers and Home Ownership

paul laurora: But as the student debt crisis worsens they are drawing more attention, according to The Japan Times. That debt load, which now tops 1.5 trillion nationwide, means many Americans must delay or give up on dreams of home ownership and other large purchases, and that in turn puts a damper on the economy more broadly. The approach offers a degree of protection as they are not required to make payments if they are unable to find a job after graduation and for as long as their salary remains below a certain threshold. ; These Income Share Agreements, or ISAs, are only offered so far by a few universities, as well as vocational training centers such as computer coding schools. It is thanks to an ISA that Paul Laurora will graduate on May 11 from Purdue University, Indiana, as a chemical engineer. When a bank refused to give him a new loan, he started selling some possessions on eBay and even considered dropping out of school to take a job for a semester, or using his parents' retirement savings. Despite state-subsidized loans, his own savings, and a contribution from his parents, the 22-year-old ran out of money after only two years of studies, with tuition and fees costing 40,000 a year for students from outside of Indiana. (news.financializer.com). As reported in the news.