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Agreed, simple solution though. Students pay a maximum of N% of their income over Y years and anything above this is forgiven. The university has any forgiven
by AdamJacobMuller 3y ago
Agreed, simple solution though.
Students pay a maximum of N% of their income over Y years and anything above this is forgiven. The university has any forgiven amounts deducted from their actual cash payments for future student loans.
- beej71 3y agoThis is an Income Share Agreement, which I certainly approve of. Another option available to public schools is that you can use tax as a mechanism for collecting that money.