For example, Tayne says a school might have an income sharing agreement for 20% of the student’s salary for two years, with a $40,000/ year threshold and a maximum payment of $30,000.
"After all, the lender wants to get a percentage of your income when your income is high, not when it is low," he says.says ISAs can be a good choice for students whose religion or culture prohibits the paying of interest, such as Islamic and Russian Orthodox students.paying more for college He also points out that, unlike student loans, ISAs are not regulated. This means individuals considering this type of agreement will have to dig deeply into the fine print so they understand exactly how much they'll have to pay back, under what conditions, and theWhile Bacon is happy with how his ISA situation turned out, he also points out that ISAs offer less flexibility in terms of repayment.
Source: Education Headlines (educationheadlines.net)
Still basically debt by a different name! A graduate tax! Fees are way too high!
horrible
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