What about the alternative to ISAs proposed by OP? Better than an ISA is an income-dependent loan with some minimum amount that must be paid back regardless of

What about the alternative to ISAs proposed by OP? Better than an ISA is an income-dependent loan with some minimum amount that must be paid back regardless of the program outcome. With this setup: 1. You concede and comply with the existing regulation 2. You get access to the existing capital markets so financing costs come down 3. You can use credit reports as a way to enforce the contract so collection rates go up 4. Consumers already understand debt And, most importantly, the consumer gets a better deal than a classical loan. Similarly a bad idea relative to plain old federal loans?