IncomeShare Agreements

Income Share Agreements (ISAs) are agreements where an individual receives funding for education or training in exchange for committing to pay a fixed percentage of their future income for a set period. Instead of traditional loans with interest, payments automatically adjust based on income, making them more manageable if earnings are low and aligning repayment with financial success. Once the agreed period ends or income drops below a threshold, the individual stops paying. ISAs aim to make education financing more flexible and risk-sharing, aligning the cost with the graduate’s ability to pay.