An Income Share Agreement, or "ISA," is not a loan. An ISA is a promise to share a percentage of your future income in exchange for funding. For example, a student may borrow $10,000, and in return agree to pay back an agreed upon percentage of their monthly income for an agreed upon period of time.
ISAs have no interest and no minimum payment
Unlike loans, ISAs have no interest, and no balance due. By the time you finish making payments, the amount you pay back may even be less than what you borrowed.
ISA payments are based on your income
Because ISAs are income-based, your payments drop to $0 if you lose your job or become unemployed. It's hard to put loan payments ahead of rent and food, so we don't ask you to make that choice. You typically only make payments when your income is above $30,000.
Landing an ISA is based on your future, not your past.
While student loans evaluate your credit score, collateral, or co-signers, ISAs are based on future earning potential, making them more accessible and less predatory.
That means we look at your student profile, estimate your future earning potential and employment prospects, and set our terms based on what we think you can achieve. Note that terms will be different for different borrowers - apply now to see your personalized ISA terms!