Released: June 09, 2020
Assessing the latest big idea for fixing the U.S. student loan crisis
Source: Aarthi Swaminathan - Yahoo! Finance
The American student loan system — described by former officials as “an abomination” and a “trillion-dollar black hole” — currently includes 44 million borrowers holding $1.6 trillion in debt amid a pandemic and an economic crisis.
One of the solutions being floated involves income-share agreements (ISAs), a type of financing where a student pays for education by paying a percentage of their income after graduation.
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