拉克万纳大学 has long understood the burden that private loans can place on students, 他们的家庭, 以及他们未来的成功.
这就是为什么我们引入 拉克万纳股份收入份额协议 作为一个创新的选择，帮助我们的学生更负担得起学校. 目前，isa可用于 符合学院GPA要求的专业的合格学生.
Lackawanna Shares is a potentially less expensive funding alternative to private 和 Parent PLUS loans for students who need additional funding. isa为消费者提供了一些其他形式的融资无法提供的保护.
Students receive funding 和 complete their agreement by paying back a set percentage of their post-education 工资 over an established number of years.
One of the ways that 一个ISA differs from a traditional loan is that students aren’t paying interest on the total amount funded.
拉克万纳股份ISA协议的标准付款期限为 大约5年， 这使得它比大多数联邦和私人贷款的期限要短得多. 除了, all students receive a 6-month grace period post-graduation before payments begin. 一旦收款人在合同规定的期限内成功付款, 不需要额外付款 即使他们支付的资金少于他们收到的资金.
一般来说, 收入分成协议, 或ISA, is a contractual agreement in which a student receives education funding in exchange for sharing an agreed-upon percentage of their post-graduation income over a defined number of years.
拉克万纳大学 is offering 收入分成协议 to fight back against student loan debt, 挑战教育行业的现状. 通过提供ISA, high-quality education becomes more accessible to those who may be unable to receive other forms of financing 和 reduces the risk a student takes by pursuing an education.
ISA帮助支持多个专业学位课程的学费, but it does not cover other expenses incurred during the course of a student’s education, 像交通, 生活费用, 或者个人学习材料，比如笔记本, 移动PC, 等. 个人储蓄账户的目的是取代私人学生贷款，只考虑学费.
isa为学生提供了传统债务之外的另一种选择, which creates substantial risks to students if they cannot afford their payments during 和 after the program, so ISA payments adjust according to levels of income 和 begin after the program is completed. 除了, ISA计划包括许多消费者保护措施, including the ability to delay or defer payments if a student’s income is below a monthly threshold.
An ISA recipient is simply required to pay the agreed upon percentage of post-completion earned income for the prescribed term of the contract, regardless of whether they end up paying more or less than the amount the received up front. And those who earn more than their peers will never have to pay more than the payment cap amounts.
ISA只在学生收入达到或超过1666美元的月份发放.67，相当于年薪2万美元. Monthly payments will be a portion of the ISA participant’s monthly income for 60 months, 或者直到达到学费上限, 以先发生者为准. The percentage of a participant’s monthly income required to fulfill their ISA payment will depend on the amount of funding they initially received, 除其他因素外. 在学生完成ISA之前，所有的条款都会被告知.
The student may request a deferral 和 no payments will be owed if the student either:
If you desire to fulfill your obligations under this ISA prior to the expiration of your payment term, 您可以随时支付与付款上限相等的金额, 减去你已经支付的月供, 加上任何未付费用, 作为对本协议项下的付款义务的全面履行. 除了, the sum of the total payments you owe under this agreement will not exceed the payment cap, 再加上披露的费用, 不管你的收入如何. 为了方便消费者，还可以选择提前付款, but there are no financial or other benefits whatsoever to students who pay off their ISA early.
Will the amount I am responsible to pay grow through interest expense until I begin making payments or by my occasional underpayment?
个人储蓄账户不是贷款，也不需要支付利息. 除了学费之外, the only additional expenses a student may incur are associated with late payments (not to exceed $5) or returned payment/check fees ($25).
The total payment amount is capped at two (2) times the up-front funding you receive, 即使你毕业后收入很高. This may provide a risk to students who are among the highest income earners 和 may be more expensive than taking out an interest-bearing student loan. The only other risk that you face is if you do not fulfill your obligation to provide up-to-date income information or to make payments based on that income. If that occurs, your account will become delinquent 和 may eventually go into default.
The cap on total ISA payments is two (2) times the up-front funding or credit you receive, 再加上与逾期或退回付款有关的任何费用. 学生在达到上限后将不再付款, 即使他们每月还款少于60次.
在完成或退出程序时, students are given a 6-month grace period to find a job 和 settle into their career. 付款将在6个月宽限期后的第一个月的第一天开始.
Monthly payments are calculated by applying your income share to your total monthly earned income, 这笔钱会以每月账单的形式寄给你. 你的收入包括两个方面:
- 你的工资, 工资, 提示, 和 all other earned income that you report on line 7 of IRS tax form 1040 or line 1 of IRS tax form 1040-EZ, 和
然后你可以在网上或用支票付款. Payments pause if you return to school, lose your job, or have a monthly income below $1,666.67美元，相当于每年2万美元.
在确定您的资格之后, 你将签署一份收入分成协议, 其中包括披露和额外的合同条款和解释. 上课时间, 你也会得到最后的启示, 但这只是对主要合同条款的提醒, 而且你不需要签名.
Will students be required or steered toward certain types of post-graduation employment?
There are no requirements stipulating the nature or type of employment that students choose after graduating.
学生在申请经济资助时应考虑哪些因素, 一个ISA, 或者教育贷款项目?
A student’s individual education financing plan should include an assessment of all of the options available based on their individual financial situation.
如果学生退学，他们将按照我们目前的学费表退学. Withdrawal fees after the first week of class will be prorated based on the date of withdrawal in the following amounts, 根据 学院现有的退款政策: