Income share agreements: Everything you need to know
Income share agreements are an alternative to student loans, but there are risks.
Living a joyful, fulfilling life is easier achieved when you make smart financial decisions that support who you want to be.
— Aylea Wilkins
Aylea Wilkins has worked at Bankrate since 2019. She currently edits articles on a variety of topics. Previously, she has edited Bankrate articles on insurance, personal loans, home equity loans and student loans.
Aylea has extensive editorial experience covering personal finance, business and marketing. Her career includes time as a copywriter for small businesses to improve their search engine optimization, freelance writing, website editing for small businesses and even an internship at Walt Disney World. Throughout her career, she has focused on helping readers find greater joy in their lives, often through making smart decisions on the road to financial freedom.
Outside of work, Aylea is extremely passionate about children's literature and literacy. She volunteers with reading organizations, keeps tabs on the latest in children's literature and reviews books on Goodreads and NetGalley. She can often be found planning another Disney vacation or working on the young adult novel she hopes to publish.
Student loans were a big part of how I could have college experiences that I wouldn't have otherwise, particularly a life-changing experience studying abroad in London for four months in my junior year. I used a mix of Pell grants, student loans, scholarships and jobs to pay for school, saving tens of thousands of dollars and helping me pay off my student loans within a year of graduation. I encourage students to look at all their resources and creative ways to achieve their goals in school and set themselves up for financial success.
Living a joyful, fulfilling life is easier achieved when you make smart financial decisions that support who you want to be.
— Aylea Wilkins
Income share agreements are an alternative to student loans, but there are risks.
Here’s how to tackle your student loan debt once your child graduates.
If you’re in danger of defaulting on your student loans, take action now.
Evaluate your loan types, amounts and rates to create your repayment strategy.
The type of loan you choose depends on your financial need and academic level.
If GSM&R is your servicer, here’s what to know.
You have several options for getting a loan as an independent student.
Neither lender offers prequalification, but they offer similar rates and terms.