Thank you for sharing!

Your article was successfully shared with the contacts you provided.
College hat, diploma and money

Paying for college usually involves big checks and often loans, even after scholarships are awarded and discounts applied. Now a third way to finance the rising cost of higher education, known as an income share agreement, is getting some traction.

ISAs are a substitute for loans. Instead of a student repaying the money they’ve borrowed plus interest starting soon after graduation, they forfeit a portion of their employment earnings for a number of years, usually up to 10.

The percentage of income collected and the duration of the forfeiture depends on a student’s major, and payments are usually suspended when they have little or no income.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.