Income Share Agreements (ISAs) are a unique and innovative alternative to finance higher education. As student loan debt continues to grow, colleges and universities are offering ISAs to students in exchange for a share of the student’s future earned income.

This paper provides an introduction to key aspects of ISAs and how they differ from student loans. It also examines the potential application of several federal consumer credit laws to ISAs, including fair lending principles.

To read the full paper please download the PDF below.