Harbus: Creating A Better Alternative to Traditional Fixed Payment Student Loans
Harbus recently wrote about Stride Income Share Agreements with HBS-grad and CEO Tess Michaels and our vision to create better alternatives to traditional fixed payment installment student loans through ISAs.
The ISA Difference
Everything we purchase is a percentage of income. However, in a traditional loan structure, that percentage of income is higher when someone earns less. We believe in affordability—ensuring no one pays more than he or she can afford. Also, every financial instrument, such as a mortgage, has a mix of debt and equity. It’s time education funding followed suit. Stride’s ISAs offer the needed flexibility within a student’s financial package, along with shorter duration, improved alignment, and career support.
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