Students Get Tuition Aid for a Piece of Their Future
- September 10, 2017
- Posted by: Kerry Schneider
- Category: Back a Boiler, Income Share Agreements (ISAs), Vemo
From: The Wall Street Journal
By: Jillian Berman
To help pay for ever-growing college costs, more students may soon be trying a new approach: selling rights to their future earnings.
Long discussed in college policy and financing circles, income share agreements, or ISAs, are poised to become more mainstream. A handful of backers currently exist that in effect have invested in college students’ futures by advancing them thousands of dollars in tuition money to bridge gaps in financing when student loans don’t quite meet all of their expenses.
Under the terms of a typical ISA, students agree to pay a percentage of their future earnings for a predetermined period in exchange for help up front with their tuition. Now, more students may have the opportunity to enter such deals, as lawmakers in Congress are working on possible ground rules for the agreements.
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