Every year, high school students across get accepted to college, but still have to worry about paying tuition, fees, books and the other costs associated with higher education.

One company believes it has found a solution for students who have too much money to get scholarships, but not enough to pay the bills.

MyRichUncle.com is a for-profit business that gives financial aid to students who agree to give up a portion of their incomes once they finish their education.

"If the student comes out and becomes Bill Gates, 1 percent of that income could be substantially greater return than the original investment," MyRichUncle.com's Vishal Garg.

For every $10,000 in loans, a student agrees to give up 1 percent of his or her income for 10 years after graduation. So a student who gets $30,000 from MyRichUncle.com to go to law school would pay back 3 percent.