the average graduate coming out of schoo with upwards of $30,000 inbt i'm scott cohn. we'll take you to one school that may have part of the answer to this crisis comin >>> it's the time of yhir when school seniors find out whether they have been accepted to the school of their choice, and if that isn't stressful enough, s isiguring out how to pay for it. with america's student ln debt soaring, some new alternative c arepping up. scott cohn is in west lafayette, indiana. >> reporter: savannah williams is an education major in her third year at purdue university. she knew going m in theh was not on her side. >> i'm going to be a teacher, and i won't make a whole lot of income in the future. >> reporter: how to pay for her education without drowning in debt. purdue offered an alternative. instead of taking out lo savannah will pay a percentage of her income for ten years after shead tes. >> if i would have gone with a traditional loan, i would have had to pay it all off,ou know, who knows how long that would have taken. >> reporter: it's called anin me sharing agreement,

. >> andrew sorkin and scott cohn. i saw this interview live, it was extraordinary -- i loved how you were saying to him, how can you possibly turn down this deal he was adamant, it was not good. there's affordable housing and mixed use retail planned for that space he said they don't need the revenue, and the subway systems are overtaxed. what do you think the reaction will be to them leaving. >> i think it's going to be harsh. i'm shaking my head. i don't love the idea of incentives and subsidies across the board. we live in reality the reality today is 3 billion of subsidies which is what seem to be so frustrating to certain politicians, means there's going to be $0 in revenue. you know, this deal, just to put it in perspective -- i'm no fan of subsidies or incentives historically, and the subsidies taking place in wisconsin on foxcon were a terrible deal. i looked at the deal carefully and was well structured in that you were paying out $3 billion in incentives for what likely would have been the equivalent of $27

let as go to scott cohn along the border at port of entry in san ysidro and tijuana known as the place are people reacting? as i started the show by saying we are 30 hours at least into this national emergency with thousands of more troops aimed at going to the border to join about 2,000 that are there already. how does it feel and what are people saying? >> reporter: well, it doesn't feel like there is any emergency going on here at this -- the most -- the busiest port of entry anywhere in the world. last year alone, some more government statistics from bureau of transportation, 25 million crossings, people coming over back and forth, whether by bus, by car, on foot, a lot of them and tijuana residents who work here and some of them cross over daily and they work and go to school and they come here to go shopping and of those we talked to, they don't see a crisis. >> what threat? he needs to come and stand here and really see what the threat is. and then go from there. >> to be honest, i don't see any emergency. this morning when i woke up, i said i heard about it. but coming in, five

scott cohn is back with us now from west lafayette, indiana. >> savnah williams is an education majorn our third year at purdue university. she knew going in the math was not on her side. >> i'm going to be a teacher, and i won't make a whole lot of income in the future. >> how to pay for her education without droing in debt. purdue offered an alternative. instead of taking out loans, savannah will ery a percentage income for 10 years after she graduates. >> if i would have gone with a traditional loan, i would have had to pay it all off. you know, who knows how long that would have taken. >> it's called an income-sharing agreement, the latest attempt to tackle a's college debt crisis. that crisis is massive. a1.6 trillion dollar drag on the economy, affecting people's ability to buy a home, buy a car, start a family, for years after graduation purdue's president says the program now in its third year shifts the risk away from th student. >> it gives them a certainty and some protection andsafety. they're not going to have that uch mon borrowed piling up, compound interest, whether the

this bidding war as 238 communities did trying to get amazon hq2 and look at what's happened. >> scott cohnott, thank you. of course, everybody points at google saying they're buying billions of property in lower manhattan quietly hiring people. didn't run a beauty pageant. >> thousands of people over years and not the promise of 25,000 over a relatively short amount of time but true. >> though it wasn't in long island city, not an opportunity zone. >> no. >> a different issue. >>> we have under 40 minutes to go here before the closing bell. look at stocks roaring higher at this hour. now we are looking at gains of more than 2% for the major averages on the week good for almost 1% on the s&p and more than that on the dow. >>> shares of pepsi getting a boost after earnings following coca-cola's worst day. >>> kareem abdul-jabbar will ta tlkhe business of basketball and the venture into streaming content. stay with us put your data to work on the cloud that drives business. the ibm cloud. the cloud for smarter business. the ibm cloud. this is a very difficult job. failure is not an option.a.

well-known university said they'll take care of your tuition for exchange of something down the road scott cohndetails. hi, scott. >> reporter: hi, wilf. at purdue university, a percentage of the income for five years, 5% to 10%. the less you make coming out of college, the less you will have to pay and purdue university's president says that's a way to take some of the risk off of the student and put it back on the school >> gives them certainty and some protection and safety. they're not going to have that much more money borrowed piling up piling up compound interest, whether they're doing well or not. >> and i like that it's adjusted for what i'm making, because i think that is much more realistic way to get recent college graduates to be able to afford those loans and keep us out of extreme debt. >> here's what they're talking about. nationwide the average graduate after four years is coming out with up to about $30,000 in debt, and that kind of money adds up. the total student debt nationwide now, $1.6 trillion. they have got no allusions that these income-sharing agreements are going to

let's bring in our scott cohn who has been following not only h quch 2 closely but also does our top states for business for us and have been weighing pros and cons of various places scott, big news here interesting to us that amazon says it doesn't plan to reopen the search at this time. it made this big argument there were only two metropolitan areas where it could find the talent it needed. how does that square with what they say they're now doing >> it raises a lot of questions, john, because remember, the reason that and zon ultimately decided to split up the h q2 into two sites was the worker issue, to find the initial 50,000 hi-tech workers that they were looking for in their initial request for proposal, they couldn't find it in one place. that still is an issue now, there is a great tech workforce in the washington, d.c. metro area. so they could certainly go outside of northern virginia they had sites potential finalists in the district,s in maryland as well as in northern virginia so they have a lot of the workforce to draw from the question is whether they could put all of

chanos who, of course, helped uncover the whole thing along with bethany maclane, makes me think of scott cohnrter in the thick of it from the get-go. and all of the reporting that went into it and sort of what they were all up against the intimidation of trying to report that story from the likes of skilling and just everything that went in, the deep reporting to help uncover one of the biggest frauds in history. >> why you got to encourage vigilance on the part of investors, respect the short side for various reasons, the press to try to protect investors from the misery that these -- many of them employees, they held so much personal stock. >> reminds me of theranos and the same sort of thing of up against this -- these walls that you have to knock down to get at the heart of the story. >> yeah. some investors might not be too familiar, too young to know, but really wasn't that long ago. >> yeah. >> as we go to break, look at this morning's worst performing names on the s&p kraft heinz not going to surprise you, biggest laggard by a very wide margin we're back in a moment we see homes stayi