There are significant differences: - With the Lambda ISA, your remaining balance is forgiven after 2 years of payments, while the federal income-driven repayme

There are significant differences: - With the Lambda ISA, your remaining balance is forgiven after 2 years of payments, while the federal income-driven repayment plans require 20-25 years of payments. - Lambda ISA has a fixed dollar "cap" (currently $30k), but the "cap" for income-driven repayment plans is however much you borrowed + interest that accrues over the life of the loan. - Most importantly, the Lambda ISA is for a much smaller amount of money. Very few of the news articles about student debt profile students with a balance of only $30k. The horror stories tend to be students who borrowed >$100k, often for graduate study.