Income Share Agreements

Income Share Agreements (ISAs) are a financial arrangement where a student receives funding for education in exchange for agreeing to pay a percentage of their future income for a set period. Instead of taking loans, students commit to sharing a portion of their earnings with the lender or institution once they secure a job that meets certain income criteria. This approach aligns the repayment with the graduate's success, potentially reducing financial risk if their income is low, but also involves ongoing payments if their income is high. ISAs aim to make education funding more flexible and income-driven.