Can you explain the basics of of how the Income Share Agreement works?
With an Income Share Agreement (ISA), you don’t need to pay for your course upfront —we cover the full tuition cost for you. That means you can focus on studying now and repay later, based on your income 🎉
How Repayments Work
- You agree to pay a fixed % of your gross income each month until your balance is repaid.
- Your payments start +60 days after your course ends and adjust automatically based on how much you earn.
- If your income drops below the Minimum Income Threshold, you can request to pause payment until your income increases - we call this the Payment Pause Guarantee.
- Your ISA ends when one of three things happens 1️⃣ You reach the Payment Cap (the max amount you’ll ever repay) 2️⃣ You make the maximum number of payments (as outlined in your contract) 3️⃣ The contract end date arrives (typically after 7 years).
Activating your ISA after you are Approved
To activate your ISA and ensure we can cover your tuition, you must do the following within 14 days of signing your contract:
- Set up your direct debit – This ensures we can collect payments, including the €10 monthly admin charge (which applies until you start earning above the threshold).
- Connect to Bankflip (bankflip.io) – This allows us to automatically track your income and adjust your payments over time.
🚨 Without these two steps in place within 14 days, we will not pay your tuition fee to the education provider.