The attempt to portray income share agreements as bad is very large stretch:<p>> These ISAs are the bedrock of Lambda’s program. They allow the school to market itself as an “accessible” computer science education. But critics, like Sen. Elizabeth Warren (D-MA), have warned that ISAs carry many of the pitfalls of traditional private student loans, “with the added danger of deceptive rhetoric and marketing that obscure their true nature.”<p>Yeah, except for one massive pitfall that student loans have and ISAs don't: With ISAs you only start to pay once you actually start making money whereas student loans saddle graduates with debt regardless of their job prospects. If the graduates of the Lambda school don't land jobs then the school doesn't get paid. With traditional student loans, the school gets paid even if their graduates are unemployed.<p>ISAs seem strictly better to me. It shifts the risk burden onto the school, and creates monetary incentives to improve the job prospects of graduates. By comparison, traditional loans put the risk burden on the student and because the university is paid upfront there is not as much incentive to better the job prospects of graduates.