income share agreement before the end of the repayment
period;
(4) the duration of the student's obligation under the
income share agreement;
(5) the percentage of the student's future annual income
that the student is committing to pay under the income share
agreement, as determined under section 1906-I(4) and the
minimum amount of annual income that triggers the student's
repayment obligation under the income share agreement; and
(6) the definition of "income" used to calculate the
student's repayment obligation.
Section 1908-I. Reports.
(a) Initial report.--The agency, in consultation with
participating institutions, shall submit a report to the
Appropriations Committee of the Senate, the Appropriations
Committee of the House of Representatives, the Education
Committee of the Senate and the Education Committee of the House
of Representatives no later than March 1, 2025. The report shall
include, but not be limited to:
(1) The number of students, by credit level, who have
entered into an income share agreement with a participating
institution.
(2) The average amount of money provided to students
under income share agreements.
(3) A complete count, by course of study, of all
students who have entered into an income share agreement with
a participating institution.
(b) Further report.--The agency, in consultation with
participating institutions and the department, shall submit a
report to the Appropriations Committee of the Senate, the
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