Messiah College, a private Christian college in Mechanicsburg, Penn., announced an ISA program in May 2018, after schools such as Purdue and Lackawanna College, a private college in northeastern Pennsylvania, launched similar offerings. “Financial accessibility has always been a hallmark of Lackawanna College, and our institution has a long history of innovative thinking to provide students with quality, low-cost education opportunities,” Mark Volk, president of Lackawanna College, said in a statement. “Income participation agreements balance our interests with those of our students, which is in line with our mission to reduce costs for universities.” All types of schools participate in the ISA game, including traditional 4-year colleges and universities, pure online educational institutions and a variety of bootcamps and career training programs. While not an exhaustive list, it will highlight some important ISA programs offered throughout the U.S. funding method: the CMC Foundation initially raised $50,000 from private donors, including Carole Segal, co-founder of Crate and Barrel and a member of the college`s Supervisors Board of Directors. Supporters argue that the funding method gives the school more responsibility to help students succeed, and offers an alternative to credit and debt. (I want colleges to have “skin in the game” to find out if students are succeeding.) However, critics say the model could be dangerous for several reasons: future spending is difficult to predict, schools may prioritize giving ISA students who are more likely to succeed, and students could end up paying far more than education fees if they end up with high incomes. With Lambdas ISA, they cover all your $30,000 in exchange for 17% of your income for 24 months, but you only start making monthly payments when you earn $50,000. Lackawanna alumni who participate in an ISA receive an additional six months of credit before they start paying an agreed percentage of their income for the next five years. At the end of these years, the participant owes nothing, even if he did not pay back as much as he had originally received.