In most student loan reviews, I focus on terms like interest rates, repayment length, and cosigner requirements. Reviewing Stride Funding’s Income Share Agreement (ISA) presents some unique challenges. ISAs are still in their infancy. The newness of ISAs requires me to first discuss income share agreements generally and how income …
Income-Share Agreements Pros and Cons
In the wake of the ongoing student loan crisis, an old idea gaining new popularity is the concept of income-share agreements. Income-share agreements may look like student loans, but they come with unique pros and cons. The way an income-share agreement works is relatively straightforward. Suppose a student needs $5,000 …