On: Students of BloomTech, FKA Lambda School, file cla...

[tempsy]

federal student loans have always had income based repayment options

[endisneigh → tempsy]

That’s not the same as an income share agreement, as the school gets all the money regardless.

[tempsy → endisneigh]

it’s not the same thing but the point is your repayment schedule is dependent on your income in both situations.

[endisneigh → tempsy]

That’s not the main value of an income share agreement. As you’ve already pointed out, simply creating a payment schedule has already been possible.

[tempsy → endisneigh]

the main benefit is just that you don’t owe anything if you can’t find a job?

well the ones suing are the ones who couldn’t find a job and not happy about it. simply not having to pay up is not much of a consolation.