Monthly Conversation With Mitch Daniels: Student Benefactors

Aug 26, 2015

An idea the President slipped into testimony before Congress earlier this year has ballooned into one Purdue is pursuing.
Credit Purdue University

Mitch Daniels has tried to make his time as Purdue President about student affordability – so this month in our regular conversation with him, we ask about the plans from three people who’d also like to be president – of the United States.

Perhaps not surprisingly, the former Republican governor doesn’t have rave reviews for education savings plans from the top three contenders for the 2016 Democratic nomination.

Also on this month’s program, we delve into the economics of a new way Purdue could soon offer its students to pay their tuition – getting a well-heeled benefactor to foot the bill up front, in exchange for a stake in the student’s earnings after they graduate.

But do the numbers actually work out in a student’s favor?

And how can 18-year olds making these deals ensure they won’t be taken to the cleaners by savvy businesspeople on the other end of these agreements?