Selling Their Futures: College Grads Promise a Slice of Their Future Income for Cash Now.
January 23, 2013 - 8:15am
By Time
The start of Nathan Sharp’s story sounds familiar: In 2012, he found himself graduating from Dartmouth College with an MBA and $100,000 in student debt. But rather than take whatever job would help him make his monthly payments, the entrepreneurial-minded Sharp took $50,000 from backers using a start-up called Upstart — and agreed that in return he would give his investors a portion of his future income.
Think of Upstart as Kickstarter (the online funding platform) meets the government’s Income Based Repayment program, which caps loan payments at 15% of discreti
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