How It Works
Step 1 - Apply
The first step is to apply for an Income Share Agreement. Don’t worry, it’s free and super easy. And there’s no strings attached, so there's no obligations once you submit an application.
Once you apply, we'll look up your credit history. If you don’t have any credit history–no worries. We’re just looking to see if you have any outstanding debts or credit actions taken against you. If you don’t have any credit history, you won’t have any of those things.
Once we process your application we'll reach out and let you know whether or not you've been approved.
Step 2 - Funding
Once you sign your Income Share Agreement, you'll need to tell us what to do with the money. People use Income Share Agreements for all sorts of different things: tuition, books, school supplies, rent, groceries, and much more. We'll work with the appropriate people to make sure all of your funding gets where it needs to be so that you can concentrate on what's important - school.
Step 3 - Repayment
Repayment doesn’t begin until you finish school, get a job, and start making money. Once you're making enough money, you pay us the agreed-upon percentage of your income every month. It mostly works on the honor system. When you file your tax returns, we’ll get a copy and make sure you paid the correct amount. If you made a mistake, we’ll let you know and send you a bill for what you owe us. If you paid too much then we’ll refund you the extra money.