"ISAs align incentives between teaching institutions and students, they're strictly better than the tuition model." That's very, very hand-wavey. I'm in broad

"ISAs align incentives between teaching institutions and students, they're strictly better than the tuition model." That's very, very hand-wavey. I'm in broad agreement with you that, at this moment in time, ISAs are probably better than tuition for most people, however, they are an immature financial instrument (relative to traditional tuition loans) and so little effort has been into extracting as much profit from them as possible... but that doesn't mean it's not possible, nor does it mean that it won't happen, and it certainly doesn't mean that there is some inherent alignment between ISA institutions and students. All the positives about ISAs could have been said about student loans a few decades ago! That's before even challenging the assumption that higher student income is best for all parties involved: if a student discovers that actually, their new career is miserable, there is suddenly a huge incentive mismatch.