many miracles, are themselves so antiquated in the way they organize and manage their own affairs. At Purdue, we work constantly to improve what has now been internationally recognized as one of the premier ecosystems for innovation anywhere. Late last year, we held our annual Inventors Night, when we honored the faculty who received patents the previous 12 months. Purdue is now No. 12 in the world in U.S. utility patents. The only institutions ahead of us that, like us, do not operate a medical school, are Caltech and MIT. Shortly thereafter, we threw a party to celebrate the 165 companies that have started on our campus the last four years. Here, too, is a record achieved by only a few universities anywhere in the world. At Purdue, we seek to behave as we encourage our students to do, as experimenters and innovators. Our affordability policy, which we
see as simply a matter of duty and common sense, is regularly described as some kind of breakthrough. Better examples include our transformed Purdue Polytechnic Institute (formerly the College of Technology), with its hands-on, project-based learning model, that is headed toward granting degrees on the basis of competence, not on the traditional calendar and credits system. Another of our unique endeavors advanced this year when the second cohort of Back a Boiler Income Share Agreements were signed by 280 sophomores, juniors, and seniors. This is a potentially less expensive funding option for students who agree to pay back a set percentage of their post-education salary over a set number of years, up to a capped amount. This brings the total of ISAs in effect to $5.8 million in a project that is attracting extensive attention nationally. The Back
DEGREE IN 3 Accelerated. Economical. Uncompromised.
STUDENT
RESIDENT
NON-RESIDENT
INTERNATIONAL
$80,088
$155,296
$163,296
FOUR-YEAR TOTAL COST
$71,067
$136,874
$143,874
THREE-YEAR TOTAL COST
$9,021
$18,422
$19,422
POTENTIAL COST SAVINGS
POTENTIAL SAVINGS: $9,000-$19,000
28 May 2018
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