Are Income Share Agreements a good way to pay for college
- May 5, 2016
- Posted by: Kerry Schneider
- Category: Income Share Agreements (ISAs)
From: The Conversation US
By: Robert Kelchen
Millions of Americans are struggling to pay for college. Nearly 10 million students and their families took out almost US$100 billion in student loans from the federal government in the 2014-15 academic year, pushing outstanding student loan debt to more than $1.2 trillion by the end of 2015.
The traditional way to repay student loans is to make the same monthly payment each month for 10-20 years, similar to how mortgages work. But this isn’t always the best setup for students, particularly as college doesn’t always pay off immediately in terms of increased earnings.