Sec. 101. Definition of income-Share agreement
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income-Share agreement For purposes of this title, the term income-share agreement means an agreement between an individual and any other person under which the individual commits to pay a specified percentage of the individual’s future income, for a specified period of time, in exchange for payments to or on behalf of such individual for use only for costs associated with postsecondary education, as the regulations issued pursuant to section 104(a) shall provide and which shall include the costs of any items and expenses included as costs of attendance under section 472 of the Higher Education Act of 1965 ( 20 U.S.C. 1087ll ).
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Sec. 101
Definition of income-Share agreement
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