Are Income Share Agreements Risky?
An example of an AI chatbot conversation about the risks of income share agreements.
What are income share agreements and how do they work?
Income share agreements (ISAs) are contracts where students pay a percentage of their future income for a set period in exchange for funding their education.
Are there any risks associated with income share agreements?
Yes, ISAs can be risky as they may lead to higher total payments than traditional loans, especially if your income increases significantly.
How do I know if an ISA is right for me?
Consider your career prospects, potential income, and how much you would pay under an ISA compared to a traditional loan.
What happens if I don't earn enough to make payments?
If your income falls below a certain threshold, you may not have to make payments, but it's important to read the terms carefully.
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