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Answer» What is Income Share Agreement mean? An income share agreement (or ISA) is a financial structure in which an individual or organization provides something of value (often a fixed amount of money) to a recipient who, in exchange, agrees to pay back a percentage of their income for a fixed number of years. ISAs have gained prominence as an alternative to the traditional student loan system in American higher education, and a number of private companies now offer ISAs for a variety of purposes, including as a funding source for college tuition. ISAs are often considered to be less financially risky to a borrower than a traditional private student loan. In the UK this type of agreement received final FCA (UK financial regulator) approval, under a unique regulatory framework. So far StepEx is the only firm to operate as a regulated ISA provider, underwriting the credit with funds from large UK financial institutions. CAPSLOCK are the largest users of FCA approved income share agreements, with over 130 UK adult learners enrolling on their cyber security re-training bootcamp in 2021. reference
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