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.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.