Common Contracts
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INCOME SHARING AGREEMENTS: FINANCING THE FUTURE OF EDUCATIONApril 29th, 2024
Income Sharing Agreement (ISA) is a concept which was initially proposed by Milton Friedman, an American economist, in his 1955 essay, “The Role Of Government in Education.” It is a financing system that provides the recipients a means to pursue their higher education, based on a condition that they agree to pay back a pre-determined percentage of the salary they earn, post graduation, for a fixed duration of time.
