Reactions about loan guarantees were more mixed
Some participants with experience with higher education saw great potential for this type of guarantee to benefit the lives of students more generally. Some participants in Groups 2 and 3 thought that the guaranteed income in the Adrian College example (of $37,000 or more) was unreasonably low, though not all participants who expressed this opinion were uninterested in the program.
As with the job guarantees, some participants in every group viewed a loan repayment guarantee based on postgraduation income as a way of easing https://tennesseetitleloans.net/cities/jackson/ fears about continuing their education
We described ISAs to all participants as programs in which students start making monthly payments after graduation that are set as a fixed percentage of their income, rather than a flat amount based on the total they borrowed. (more…)