INC O ME SHARE AG REEMENT S: A NEW APPRO AC H T O PAY FO R C O L - - PowerPoint PPT Presentation

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Jun 28, 2023 27 likes •312 views

INC O ME SHARE AG REEMENT S: A NEW APPRO AC H T O PAY FO R C O L L EG E? Cou ourtne ney M y McB cBeth Univ iver ersit ity of y of Utah ah Terri T i Tayl ylor Mode oderated b by: Lumin ina F Foun oundat datio ion Ben B

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Terri T i Tayl ylor Lumin ina F Foun

undat

datio ion

INC O ME SHARE AG REEMENT S: A NEW APPRO AC H T O PAY FO R C O L L EG E?

Cou

urtne

ney M y McB cBeth Univ iver ersit ity of y of Utah ah Mode

derated b

by: Ben B n Brand andstetter CPE V PE Vice ice Chair air

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Incom Income Share Share A Agre greeme ment nts

A A New w Ap Approach ch to P

y for Colle

r College

ge?

2019 Symposium on Postsecondary Education Trusteeship Louisville, KY September 17, 2019

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Guiding questions

1. What does the current landscape for ISAs look like?
2. What questions are important for institutional leaders to consider

when it comes to ISAs?

3. How has one early leader, the University of Utah, designed their

ISA? What are they learning?

4. What would you like to discuss?

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The current ISA landscape

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Source: Career Karma, State of the Income-Share Agreement (ISA) Market 2019

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Source: AIR, The Income Share Agreement Landscape: 2017 and Beyond

~20 ~2016

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10 questions on ISAs

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Foundational questions

Why is the ISA being offered?
Does the ISA fill a gap in our

financial aid system?

How does the provider know

what students need and evolve as those needs change?

This Photo by Unknown Author is licensed under CC BY-ND

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Money questions

Who will benefit the most from

the ISA?

Who’s funding the ISA and what

are their expectations?

What third-party partners does a

provider need-and at what cost?

This Photo by Unknown Author is licensed under CC BY-NC

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The kicker

What What does does s suc uccess loo

ok like?

This Photo by Unknown Author is licensed under CC BY-SA-NC

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Pay Today’s Tuition With Tomorrow’s Success

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A Presidential Initiative

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Timely Completion is a Priority

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Launching Successful Citizens

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ement

n in centage gs. ble way ation. after

larship.

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h students?

n for debt averse Utah students

nsive than other student loans nterest and have no principal ments back to the Invest in U fund to te on time without having to s or stop out student success

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1,500

Students

Invest in U will fund a diversified pool of undergraduates students within a year

r two from

graduation, scaling

ver 5 years to serve

up to 2,000 students.

18

Majors

Diversified student pool from 18 majors within 9 colleges: Social Sciences; Humanities; Education; Business; Nursing; Architecture + Planning; Health; Medicine; and Engineering.

5

Pilot Program

The 5-year pilot program will test the model and scale to build a sustainable evergreen fund to perpectuate success

f future students.

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ently in its pilot phase. More majors may be added in future years. e selected based on salary data availability, salary range, and to reach a broad spectrum of students.

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hare anges from 3 to 10.5 years, ajor and ISA amount m income threshold graduate school, voluntary iods of unemployment

s an ISA work?

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2

Earn Earlier

3

Reinvest Success

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Contact Financial Aid Melanie Evans Mevans@sa.utah.edu isa.utah.edu 801.581.6211

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Accelerating Timely Completion

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Q&A

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