Year of Publication



Martin School of Public Policy and Administration

Date Available


Degree Name

Master of Public Financial Management

Committee Chair

Dr. Merl Hackbart

Executive Summary

This paper explores the features of Income Share Agreements (ISAs) as an alternative method of financing higher education. After reviewing a pilot project at Eastern Kentucky University and complaints that have been filed toward their provider, the insights gained lead to recommendations for a state-wide government-sponsored income share agreement program with specific guardrails regarding transparency, program goals and outcomes, legal requirements, compliance and auditing, and lending and servicing.