Income Share Agreement? more like Indentured Servitude Agreement.
Many of us were saying this when programs like Purdue's "Back A Boiler" were announced. Now the insidious nature of these programs is coming to light as the US Department of Education is pointing out they are illegally being portrayed as not a loan.
Participants are having to repay up to 250% of the loan's value, and don't have as much recourse as under a regular student loan. Mitch Daniels is a capitalist, raping my alma mater.