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Democrats press for details on Ed Dept’s income-share plans

ISAs are gaining traction in nontraditional education programs such as boot camps. There, advocates say, they offer more students access to financing based on the possibility that participating in the program will significantly increase their earnings. Colleges have begun to offer ISAs, too, though they are still a small part of total institutional aid.

Educational institutions use ISAs to front the cost of students’ attendance, which the students then pay back as a percentage of their income over time once their pay reaches a preset threshold.

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