Giving Compass' Take:

· According to Education Dive, Norwich University is the most recent school to join in on the income share agreement program. Students will receive lower tuition during school, but pay for it later with a percentage of their future income.

· Are income share programs reasonable for students in the long run? 

· Here's how schools and startups are hacking college affordability. 

Norwich University announced Wednesday a new income share agreement program that gives students lower tuition at the private military college, but requires them to pay for that discount with a set percentage of their future income.

Norwich is working with Vemo Education, an education technology company that has contracted with other colleges to provide about $23 million to fund similar income share agreements, including at Purdue University in Indiana, Lackawanna College in Pennsylvania and Clarkson University in New York.

Norwich, which is located in Northfield, Vermont, will offer the option to sophomores, juniors and seniors to “expand access and increase affordability, student retention and degree completion,” according to a university news release.

Read the full article about income share agreements by James Paterson at Education Dive.