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Diane Auer Jones, principal deputy under secretary at the Department of Education, said Thursday that the Trump administration is considering establishing a program to offer income-share agreements.

Unlike student loans, students who receive ISAs commit to paying back a portion of their salary for a set number of years. While a handful of colleges have offered income-share agreements, they've mostly been limited to shorter-term boot-camp programs.

"We're thinking about how we can use the federal programs to do an experiment with income-share agreements," Jones said.

The Education Department has the ability to test new policies involving federal aid using its experimental sites authority.

Jones made the comments at the Reagan Institute Summit on Education, an annual conference in Washington focused on education policy.