Blog categorized as ISAs

Important Factors To Consider When Refinancing Student Debt

As confusion and uncertainty around student debt repayment mounts, more and more borrowers are considering student loan refinancing options. Recent developments indicate that the student loan repayment freeze may get extended further. 

When you refinance, a lender pays off your existing loa...

28.02.24 08:52 PM - Comment(s)
Benefits Of Networking For Professional Growth

"Networking" is a widely used term by professionals and entrepreneurs at various levels. It usually means connecting and socializing with new people from your industry or others that could influence your industry's ecosystem. The factor that differentiates it from social networking is the ...

28.02.24 08:52 PM - Comment(s)
Is Student Debt A Modern Day Challenge for Women?

While many American students continue to fight the uphill battle of the Student Debt Crisis, the American Association of University Women (AAUW) states that women hold two-thirds of U.S. student loan debt, just under $1 Trillion. 

Through centuries, women have displayed the courage to overcome c...

28.02.24 08:52 PM - Comment(s)

Traditionally, refinancing means paying off one loan and replacing it with another loan but hopefully with lower payments or a lower interest rate. Now student loan borrowers have an even better option that can eliminate their student loans and get them affordable payments: the Defynance Income Shar...

30.03.22 12:30 AM - Comment(s)
The Difference Between Loans and Income Share Agreements
Defynance provides income share agreements which have differences from loans

While a student can use both income share agreements (ISAs) and loans to finance their education, they are two separate concepts. Income share agreements have built in protections that help the consumer during economic hardship.  There’s also no obligation to pay back the full amount funded. H...

24.05.21 09:25 PM - Comment(s)
Is an Income Share Agreement Halal?

When trying to pay for school, it can be difficult to do so while staying within the guidelines of Islamic Finance. You want to avoid interest, but school is expensive and you don't see any other ways to finance your education. However, there now may be an option for you. With the rise of income sh...

23.11.20 08:29 PM - Comment(s)
Are ISA's really more expensive than a loan?

In recent years, income share agreements (ISAs) have been touted as an alternative to college loans. The people pushing for this change claim that they are more balanced in risk vs reward for the person pursing a college degree. While that may be true, many critics claim that they are often mo...

22.06.20 06:17 PM - Comment(s)
How ISAs differ from income-based repayment

On the surface, ​income share agreements​ (ISAs) may look a lot like income-based repayment (IBR) programs offered by the government. They both allow you to make payments based on a percentage of your income. However, if you dig a little deeper, you'll notice that the two products can be vastl...

10.02.20 10:17 PM - Comment(s)
Everything you Need to Know about Income Share Agreements

Income share agreements, or ISAs for short, have gained a lot of ground the last few months. This includes a number of proposed bills in congress. An ISA is a contract in which a person agrees to share a set percent of their income in exchange for an agreed upon amount of funding. With an...

30.12.19 09:21 PM - Comment(s)
Where are income share agreements heading?
Health care is one field which could see a benefit from the introduction of income share agreements.

Income share agreements (ISAs) have been making strides for some time now. At the moment, most have been utilized as an alternative to student loan debt. However, the utility of an ISA should not just be limited to education. It can be a tool utilized in a variety of situations, especially those wi...

26.09.19 02:28 PM - Comment(s)