How do ISAs affect career choices?
Income Share Agreements (ISAs) can significantly influence career choices by reducing upfront education costs.
Can you explain how they work?
Sure! With ISAs, students pay a percentage of their income for a set period after graduation instead of paying tuition upfront.
What are the pros and cons of ISAs?
Pros include lower financial risk and alignment of education with job outcomes. Cons can be high repayment amounts if salaries are high.
Are there specific careers that benefit more from ISAs?
Yes, careers in tech and high-demand fields often benefit more, as they tend to have higher starting salaries.
What should I consider before signing an ISA?
Consider the repayment terms, percentage of income, duration, and your expected career path to ensure it aligns with your goals.
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