What are some real-life examples of ISAs?
An example of an AI chatbot conversation about real-life examples of Income Share Agreements (ISAs).
Can you give me some real-life examples of Income Share Agreements?
Sure! One example is the Income Share Agreement program at Purdue University, which allows students to pay a percentage of their income after graduation instead of upfront tuition.
Are there any other institutions using ISAs?
Yes, several coding bootcamps like Lambda School and General Assembly offer ISAs, allowing students to pay for their education based on future earnings.
How do ISAs benefit students?
ISAs reduce the financial burden on students, as they only pay when they secure a job and earn above a certain income threshold.
What are the risks associated with ISAs?
One risk is that students may end up paying more than they would with traditional loans if they have high earnings. It's important to understand the terms.
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