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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