So, your options to get out of this ISA depend on the terms of your contract and the state laws governing the agreement. Your best option is to discuss your situation with a consumer protection attorney. They will be able to review your contract and inform you of any legal recourse available to you.
So, your options to get out of this ISA depend on the terms of your contract and the state laws governing the agreement. Your best option is to discuss your situation with a consumer protection attorney. They will be able to review your contract and inform you of any legal recourse available to you.
Do ISAs Provide any Tax Benefits? Under current US tax law, it's not possible to deduct ISA payments in the same way that interest on some student loans is deductible because the income generated by an ISA is deemed taxable by investors.
An income share agreement, or ISA, offers funding for college that you repay based on your future salary. Although ISA providers have advertised their products as an alternative to loans, the Consumer Financial Protection Bureau, or CFPB, a federal regulatory agency, has said that ISAs are indeed student loans.