At its best, securitizing David Bowie’s royalties open the doors to novel finance concepts like Income Sharing Agreements (ISAs), where college students could pledge their future earnings as an alternative to taking out significant amounts of student debt, which now total at over $1.2 trillion in the U.S. ISAs were an idea originated by Milton Friedman in 1955 in his essay “The Role of Government in Education” and explored more recently in an AEI report for its potential as a solution which could help mitigate the student loan crisis.

http://www.forbes.com/sites/jonhartley/2016/01/11/david-bowies-bowie-bond-contribution-to-financial-innovation-and-clearing-regulatory-hurdles/#2715e4857a0b4fd66edb6cd3