[Jasper_]

Doesn't that incentivize you to graduate as many students as possible, even poor quality ones, so that you can recoup the costs of as many past ISAs as possible and sell them off quickly?

Otherwise, how does a student that doesn't land a job and whose ISA will never repay fit into this model?

[austenallred]

If every student were free yes, but that would incur further “debt.”

Also every student is quite expensive. We gain nothing and lose a lot by enrolling students who don’t get hired.