What are some success stories of income share agreements?

What are some success stories of income share agreements?

Income share agreements (ISAs) have helped many students fund their education. For instance, a coding bootcamp in San Francisco reported that 85% of its ISA participants secured jobs within six months of graduation, with an average salary increase of 50%.

Can you give me more examples?

Sure! Another example is a university that implemented ISAs for its graduate programs. Graduates reported that the financial burden was significantly reduced, allowing them to focus on their studies, and many went on to land high-paying jobs in tech.

What are the benefits of ISAs compared to traditional loans?

ISAs offer several benefits, such as no upfront costs, payments based on income, and no debt if you don't earn above a certain threshold. This makes them less risky for students compared to traditional loans.

Are there any drawbacks to income share agreements?

Yes, some drawbacks include potential high repayment amounts if you earn a high salary, and the fact that they may not cover all educational costs. It's important to read the terms carefully.