[kethinov]

It's not a loan, it's an income share agreement. Someone facing bankruptcy is unlikely to be making enough income to be subject to ISA repayment which only comes into effect if the student is earning above the threshold for it.

I really don't get why some people dislike ISAs. They're way better than student loans.

[dragonwriter]

> It's not a loan, it's an income share agreement.

(1) The “Income share agreement” is a $30K loan with various wrinkles,

(2) Lambda School, for legal reasons, doesn’t use ISAs in California, but a somewhat less obfuscated $30,000 loan, the “Retail Installment Contract”.

> I really don't get why some people dislike ISAs. They're way better than student loans.

They aren’t better than federal student loans, which have an optional income driven repayment plans, which are a similar or lower percentage of discretionary income than most ISAs are of total income.

They may sometimes be better than the available nonfederal loans for people attending institutions not qualified for federal loans, but that’s a pretty low bar.