10 Ways To Save Money As A Student In America
9. Human Capital Contract
It’s no surprise the most immediate way to save money as a student is leveraging the cost of school itself. Of course, loans are available federally and privately, but for those showing promise of earning their corn after graduating, an alternative is a Human Capital Contract.
Under an HCC, lenders pay the full tuition as an investment in the student’s future. For this reason, prospects are usually better for people studying medicine, law, etc. Once the student lands a job, he’ll start paying a percentage of his salary over a set amount of time.
As with comparable peer-to-peer lending, the contract is funded by a number of private investors, spreading risk. The appeal is that for successful contracts, investors stand gain considerably more than they would via a traditional loan.