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Investing in Student Access
Home | About Income Share Agreements | Bill Text | Supporters | ISA Act Blog
On July 29, 2015, I introduced the Investing in Student Access (ISA) Act, legislation that creates a legal framework for an innovative type of education funding called an Income Share Agreement (ISA). After working in conjunction with former Indiana Governor and current Purdue President Mitch Daniels on the initative, the ISA Act was crafted to give much-needed legal certainty to would-be investors while at the same time, provide robust consumer protections for students that choose to utilize this form of debt-free tuition financing in exchange for agreeing to pay a percentage of their future income.
The Investing in Student Access Act offers students an alternative way to finance their higher education that guarantees affordable payments upon graduation. It doesn't spend any taxpayer money or remove any existing financial aid options. The goal is simply to clarify the legal treatment of ISA contracts, allowing for greater access to this beneficial funding option.
To read a related press release on the Investing in Student Access Act, click here.
ISA Act Blog
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