We handle all the stress of an income-share program from designing contracts, income-tracking to payment collection and follow-ups.
Income-share programs are difficult to manage. Here is what we do for you:
We work with schools to design income-share contracts that are profitable and not exploitative to students. We work with legal experts and follow all compliance regulations in order to offer income-shares to your students.
On admission, we vet students to determine how much they pay upfront and how much to defer through an ISA. We also do background checks to make sure you are taking in less risk per student.
Bulk of the work starts when students graduate from your program. We have a portal to track graduates’ employment status and their incomes. This helps determine a student’s monthly ISA payment.
Once a student is earning and paying off their ISA, we collect payments on behalf of schools on a monthly basis. You’ll get a detailed report of graduate payments and the state of all your income-share contracts.
In the rare case where a graduate is earning an income and not making their monthly obligations, we have a clear credit reporting framework compliant all key regulations. The goal is to disincentivize foul players.