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lhotseface
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Discounted federal loans 13 Apr 2007, 18:47
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Check this out...

https://www.myrichuncle.com/FederalLoans.aspx
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rhyme
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Discounted federal loans 13 Apr 2007, 19:04
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There's also an interesting alternative to loans for students who are loathe to take on new debt. Myrichuncle.com, a Web site founded two years ago by a pair of entrepreneurial investors, doesn't loan prospective students money -- it invests in their future. If you qualify, the New York investment company will give you the money you need to pay your college costs, and in return you agree to repay at a set percentage of your future income over a certain number of years. Rates for graduate students start at 0.1% per $1,000, for up to 10 years, with a maximum rate of 0.4% per $1,000, depending on such things as your major, your GPA, and the school you're planning on attending. Once you're employed, you're required to show Myrichuncle.com your monthly income statements and annual tax returns.

But note that while more than 1,000 prospective students have applied to the company, only 65 students have received funds -- a sure sign Myrichuncle.com is working hard to ensure that it chooses its "investments" wisely.