To date, approx­i­mate­ly 500 stu­dents have been fund­ed by the Pur­due pro­gram. And a detail about how it works is real­ly inter­est­ing. The per­cent­age of income that stu­dents must promise depends on their main sub­ject. Here‘s the rea­son – Pur­due wants stu­dents to pay the same amount on aver­age, but dif­fer­ent majors tend to earn dif­fer­ent salaries. Mary-Claire Cartwright leads the Pur­due pro­gram. When the pan­dem­ic began, rich coun­tries went on a shop­ping tour. Some have even called it “pan­ic buy­ing.” These coun­tries have begun to enter into agree­ments with phar­ma­ceu­ti­cal com­pa­nies for the pur­chase of exper­i­men­tal COVID-19 vac­cines even before the end of clin­i­cal tri­als. Details of many such deals are not pub­lic, NPR report­ed. Neuwirth opt­ed for the deal.

She receives $50,000 from Pur­due, and in exchange, she promised to pay about 15 per­cent of her income eight years after grad­u­a­tion. After that, she will have fin­ished the pay­ments, no mat­ter how much or how lit­tle she paid. How­ev­er, there is good news, says Kalip­so Chalki­dou, who heads glob­al health pol­i­cy at the Cen­ter for Glob­al Devel­op­ment. Half of the vac­cine dos­es from AstraZeneca and its part­ner Oxford Uni­ver­si­ty go to low- and mid­dle-income coun­tries. At least 500 mil­lion dos­es go to India and 300 mil­lion dos­es will go to COVAX, a World Health Orga­ni­za­tion ini­tia­tive that helps poor­er coun­tries buy dos­es. Today, in the show, we fol­low the evo­lu­tion of rev­enue-shar­ing agree­ments, from David Bowie‘s record­ing stu­dio to a pilot pro­gram in Chile, to col­leges in the Unit­ed States. “Rev­enue-share agree­ments are not ille­gal at this time, but they are not legal­ly clear at this time,” Duna­gan said. Let‘s be clear, pub­licly sub­si­dized schol­ar­ships, bur­saries, and stu­dent loans are gen­er­al­ly bet­ter for stu­dents than income-equi­ty agree­ments. But for many stu­dents, includ­ing Lau­ren Neuwirth, these are not enough to pay for uni­ver­si­ty. Stu­dents often bor­row addi­tion­al pri­vate loans with high inter­est rates. For these stu­dents, income par­tic­i­pa­tion agree­ments could be a good option.

Our data shows that near­ly 10 bil­lion dos­es have been set aside,” Tay­lor says. “And the major­i­ty of these dos­es have been pur­chased by high-income coun­tries.” Lau­ren receives tens of thou­sands of dol­lars for her tuition, not in the form of a schol­ar­ship or loan. There is no amount of mon­ey she has to repay. But eight years after grad­u­at­ing, she must give Pur­due a per­cent­age of her income. The more she does, the more Pur­due will have. Rather, it is as if she had sold shares in her­self. GOLDSTEIN: The Eng­lish majors gen­er­al­ly earn less than the chem­i­cal engi­neer­ing majors, so the Eng­lish majors have to promise to pay a high­er per­cent­age of their income. Nev­er­the­less, judgy feels like cal­cu­lat­ing dif­fer­ent prices for dif­fer­ent tuition fees. You know, most schools don‘t charge dif­fer­ent tuition fees for dif­fer­ent core sub­jects, they only set an aver­age for all of them. This seems to be an option for an income-par­tic­i­pa­tion agree­ment. At present, the ISA mar­ket is large­ly unreg­u­lat­ed and pro­grams vary from school to school. In some schools, the per­cent­age of income after grad­u­a­tion depends on your main subject.

For oth­ers, it is fixed, but the time you pay after grad­u­a­tion varies depend­ing on the main sub­ject and the amount bor­rowed. Anoth­er day, anoth­er year-end list. After the Google Play Store and Spo­ti­fy shared the high-end con­tent on their respec­tive plat­forms, Apple down­loaded a selec­tion of the most pop­u­lar pod­casts, audio­books, and books in the U.S. through its online stores.