Income-share agreements (ISAs) are an emerging idea for helping students pay for college. Under an ISA, investors provide upfront sums of money toward students' college tuition and other associated costs in exchange for a fixed percentage of the recipients' earnings after graduation. This paper--the first in a series examining private financing in…

Research on colleges in Indiana is used to examine how federal, state, private, and institutional financial aid programs and practices interact with each other to determine the total amount of gift-aid a student receives, and how the relationships can dilute or enhance a program's implicit targeting policies. Several case scenarios are used as…