Ruben Harris

ISAs allow students to pay no tuition upfront, in exchange for a percentage of their future income after graduation. This fall, 19.9 million people are expected to attend college or university in pursuit of a degree. It is expected that around one million students will default on their student loans as well. In the past, higher education was seen as a ticket toward higher salaries and better jobs, but today, with student debt balances appreciating, people are starting to think twice about pursuing further education. As the price of tuition increases — the price of college is appreciating almost eight times faster than wages — students are increasingly relying on debt to finance their education. One method to address this problem that has already gained traction in the form of a bipartisan bill — is Income Share Agreements (ISAs) . Income Share Agreements Income Share Agreements , for which bipartisan legislation is being considered, allow students to pay no tuition upfront, in...