Income Share Agreements (ISAs) are slowly growing in popularity as an alternative to traditional student loans; a new company called Edly is launching that will provide a marketplace for schools and investors; accredited investors will be able to invest in Edly notes which will be backed by a pool of ISAs; the founders claim it will be like a LendingClub for ISAs; they have already signed their first school that offers two-year software engineering programs; co-founder Charles Trafton says, “If we’re going flip the incentive model in higher education, [ISAs] need to be proven as profitable investments”. Source.
