Edly’s Solution

ISAs offer an alternative to student loans that’s designed to be more affordable and accessible for students.

The student debt crisis is well known for its staggering statistics.

Those numbers, however, don’t tell the whole story. Behind them are countless other problems caused by student debt including income inequality, education access limitations, and social immobility. One of the main culprits of these problems are high cost and punitive private student loans.

ISAs are Edly’s solution.

Income Share Agreements (“ISAs”) are an inherently more affordable and more flexible alternative to private student loans.

Students pay when they can.

Students pay a fixed percentage of their earnings – only when and IF they earn over a certain threshold income. Payments are made over a fixed payment term and are designed to be affordable.

Capped amounts and no accrued interest.

Unlike student loans, there is never accrued interest. The total amount of payments over the term of the ISA are capped at an amount which is usually around 1.5 times the amount of tuition.

Students pay less than loans.

Depending on a student’s income, the total payments over the term of the ISA will often be less than the payment cap and may even be less than the tuition amount.

Schools have “skin in the game”.

ISA providers require schools to align their financial incentives with students and investors. This “skin in the game” includes financial incentives to graduate students and help them find good jobs.

ISAs are attractive to schools.

For this reason, career-focused schools are attracted to ISAs. In fact, many schools use ISAs as a way to signal to students that they are willing to invest in them.

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