Reuters reports..
Stanford Law to offer ‘income share’ financing as law school costs soar
Sept 15 – Stanford Law School has teamed with a new non-profit to offer what are known as “income share agreements” to law students, a move officials said will lower the cost of a J.D. for many and make it easier for law graduates to purse lower-paying public interest positions.
Under a pilot program announced Thursday, participating first- and second-year Stanford law students will receive up to $170,000 upfront to pay for their degrees through the Flywheel Fund for Career Choice, which has been seeded with more than $2.5 million in donations. Upon graduation, participants will pay 10% of their income for 12 years to Flywheel.
