ISAs Going Mainstream – Selling Shares in Yourself to Pay for College
Money/Time/CNN has a nice report by Kim Clark on the growing trend of college students using ISAs – income share agreements – like self-stock – to raise money for college. From the article:
Instead of lending money to students, “investors” essentially buy a “share” in a student’s future for a limited period of time. If the student makes little or no money in that time, the investors lose out, and the student is free from obligation. If the student succeeds, the investors profit—and the student may pay more than he or she would have on a loan. In other words, students can now sell a kind of stock in themselves.
The full article is here.