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What You Need to Know About Income Share Agreements (ISA's)

Given the economic implosion we are in right now and the likely need there will be for many people to go back to college or get other education without the funds to pay for it, ISAs may become WAY more common

What is an ISA?

An ISA or an Income Share Agreement is simply an agreement between the student and the college to help the student pay for school. When a student goes into an ISA with their college, they agree to receive money (borrowed money) from the college to fund their education, and in return, the student agrees to pay the college a percentage of their salary after they graduate, and most likely for many years to come. 

As your income grows, the amount you owe on your ISA will grow as well - the more you make the more you owe each month. 

Is an ISA a loan?

While an ISA is being presented by many colleges as a great “alternative” to a student loan, (note, ISA terms will vary from school to school.)

The bottom line is that it quite simply is a...

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