Student Loan Hero by LendingTree recently surveyed over 1,500 college students about how Income Share Agreements work and what they know about them.
What students like about income-share agreements
At first glance, income-share agreements seem like a great replacement for federal or private student loans, since they’re not tagged with an interest rate. Also, ISA contract terms typically dictate that you don’t have to repay your debt if you don’t make a high enough income. Current college students see both these factors as among the top benefits of an ISA.
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