We are frequently asked for our thoughts on Income Share Agreements (ISAs) and if we would ever consider building an ISA of our own.
The question makes sense. Similar to Skills Fund’s outcomes-based financing model, ISAs - in theory - should align incentives between those enabling a student's education and a student's ultimate outcome. But in our extensive research and attempts to build a student-first version, we found otherwise.
In our latest whitepaper, Income Share Agreements: More Peril than Promise, Skills Fund assesses the reputational and regulatory risks schools face and proposes how to mitigate these risks for traditional and non-traditional forms of higher education.