Student Income Share Agreements

Student Income Share Agreements

He said the idea of basing repayment on a student`s income should play a bigger role in organizing the federal student loan system — an idea that has received support from both liberal and conservative political thinkers. Studies show that income-based reimbursements make students` career outcomes more efficient by making the job search process less expensive. [14] [15] If you compare ISAs to student loans, you may find that federal loans are better for your wallet, especially if you`re embarking on a career with high income potential. The average current interest rate on a federal license loan is 2.75% (4.3% for graduated loans). Federal loans are also granted with borrower protection, such as optional credit and the option to opt for income-oriented repayment plans or loan programs. . . . .