Edvisors: Income Share Agreements for College
Edvisors asked us some questions about how Income Share Agreements (ISAs) work for students and how they differ from traditional fixed payment installment student loans.
Income Share Agreements vs. Student Loans
ISAs typically have a grace period after graduation before payments begin. They also allow you to pay nothing during any period where you make less than the minimum income threshold (usually $30-40k per year). Now the way this is handled will depend on your ISA. Some ISAs will allow you to count periods of unemployment towards your total term, while others will not. (Once again, it’s important to understand your terms before borrowing the money!)
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