Proposal for Federal Income-Share Agreement Program - Andrew Kreighbaum, Inside Higher Ed

A paper released Tuesday by the Manhattan Institute proposes a federal income-share agreement that would extend students a single $50,000 line of credit. Students would commit to paying back 1 percent of their income for every $10,000 of credit they draw down for 25 years. Jason Delisle, a resident fellow at the American Enterprise Institute and author of the proposal, argues that the ISA structure would mean student aid is not delivered in a regressive manner -- those who earn more would pay back more.


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