Does anyone know what law governs ISAs? Like why would a Lambda school be able to forcibly collect income if a student tried to vanish without paying if they found a job?
It seems income sharing agreements typically include clauses which mitigate their risk of becoming invalid as voluntary slavery, such as limited time, a minimum income threshold, and buyout options. They could also be structured as a debt, with a payment structure based on income. Potentially bankruptcy law would affect their interpretation also.