Are colleges more excited about income share agreements than students?
Reported by EdSurge, while more than 60 colleges now offer income share agreements that provide for student loan financing payback dependent on the student’s post-graduate income, student awareness of these programs still appears to be low, and their skepticism high.
The takeaway? Many of us are excited about the win-win benefits of ISA’s, believing that the economic incentives of degree completion are now properly aligned, with colleges receiving payment directly correlated to the economic outcomes of the degrees they’re providing. But if students planning on entering high-pay professions can’t be convinced of the bottom line economics, can the ISA economics work for colleges either?
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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