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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Replying to @phyter_tek @Pv
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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Replying to @AustenAllred @phyter_tek
Can an income share obligation rendered moot in bankruptcy court?
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Replying to @AustenAllred @phyter_tek
What's individual's tax treatment on payments to income share obligation?
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Replying to @Pv @phyter_tek
What do you mean? Taxed the same way as anything else would be
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Replying to @AustenAllred @phyter_tek
Rephrasing, income share payments cannot be deducted on taxes, can they?
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Replying to @AustenAllred @phyter_tek
One can, indeed, deduct interest on student loan payments. Albeit amount is capped and subject to income limits too.
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You can deduct interest, not payments to principal. ISAs don’t have interest, which is an enormous benefit
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