A Debt-Free Alternative to Student Loans: Income-share agreements hold promise for students, investors and taxpayers. Congress should help them take root.https://www.bloomberg.com/view/articles/2018-02-14/a-debt-free-alternative-to-student-loans …
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How so?
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If your income is below a set threshold, your payments pause. If your income remains below that threshold for a certain amount of time the agreement is voided. All forms of debt can be considered indentured servitude since you must work to pay said debt.
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Income shares are at least aligned incentivewise to the debtors, debtees HAVE to provide enough value to them to ensure they are paid
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I'm not aware of any other type of debt that has this type of value alignment
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For example, you only pay on Lambda School’s income share agreement if your income is $50k+. No interest. If you lose a job your payments stop instead of default. No job? Disappears in 5 yrs. Capped at a maximum you could possibly owe. Better than a loan in every way.
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Can an income share obligation rendered moot in bankruptcy court?
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What's individual's tax treatment on payments to income share obligation?
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