Maybe ISAs wouldn't be a bad thing if these "schools" actually provided some value. But they mostly look to me like improvised garage schools providing the same

Maybe ISAs wouldn't be a bad thing if these "schools" actually provided some value. But they mostly look to me like improvised garage schools providing the same knowledge that could be easily found online for free or for small fixed price + a sloppy support system that doesn't even remotely replicate the educational support system of traditional schools. If they really want to disrupt education don't start by attempting to create some sort of novel pseudo-loan just to claim that they are tackling the student loans problem. Start by creating an educational experience that can compete with top established schools by leveraging technology to cut costs and improve the learning of the students. Doing this would actually make the ISAs valuable, but you got to start by providing real quality.