Common Contracts
1 similar Income Share Agreement contracts
Income Share Agreement as a Tool for Student Financing of Tertiary Education in a Period of Socio-Political and Economic Uncertainty in NigeriaIncome Share Agreement • October 26th, 2024
Income Share Agreement (ISA) is a student financing tool that allows students to borrow money for their education and repay it as a percentage of their income after graduation. ISAs are relatively new form of student financing, but they have the potential to be a valuable tool for students in Nigeria, where access to traditional student loans is limited and the economy is uncertain. The Nigerian economy has been volatile in recent years, with high inflation and unemployment rates. This makes it difficult for students to predict their future earnings and to repay traditional student loans. ISAs, on the other hand, are designed to be flexible and adaptable to changes in a student's income. Income share agreement can help to increase access to higher education for students from all backgrounds and reduce the burden of student debt. The advantages of ISAs amongst others include; ISAs are based on a student's future earning potential and ISA payments are capped at a certain percentage of a
