3 ms·
Different in important ways. There is no risk of ruin from an ISA: if you aren't earning you don't have to pay. The idea is also that this aligns the school's
by mhaymo 6y ago
Different in important ways. There is no risk of ruin from an ISA: if you aren't earning you don't have to pay.
The idea is also that this aligns the school's incentives with the student's: if the student doesn't prosper, the school doesn't get paid.
- learc83 6y agoPublic student loans (90%+ of loan disbursements) work like this as well. The max you will have to pay is 10% of your discretionary income (10% of income above 1.5x the poverty level).