Income-share financing for skills-based training; learners pay a percentage of future income for a set timeframe.
The Shared Income Agreement (SIA) lets learners spread the cost of tuition over a long period by paying a slice of future income for a set timeframe. It includes 48 repayments at 12% income share with a maximum repayment cap. Repayment is triggered only when salary tops a defined threshold; otherwise it is deferred. No payment is required while studying.
Representative example: £10,000 financed across 59 months (study plus grace) at 10.17% APR, total repayable £15,000. Eligible tracks include Software Engineering, Data Science, UX/UI Design, and Cybersecurity. Partners include Ironhack, CodeOp Tech, Code Institute, and others.
| Attribute | Income Share Agreement | Income Share Agreement Servicing | |
|---|---|---|---|
| Provider | |  | |
| Founded | 2019 | 2019 | |
| Sells To | B2C | — | |
| Pricing Model | Interest Income | Recurring, Transactional | |
| Ownership | Private | Private, Venture-backed |
Provider
Founded 2019
Sells To B2C
Pricing Model Interest Income
Ownership Private
Provider
Founded 2019
Sells To —
Pricing Model Recurring, Transactional
Ownership Private, Venture-backed
German Reverse Generation Contract offering income-linked student financing with 40+ university partners.
Lending-as-a-Service platform providing student financial aid solutions and tuition management services.
SoFi Private Student Loans funds undergraduate and graduate education through SoFi Bank, with no fees and fixed or variable rates.
German Reverse Generation Contract offering income-linked student financing with 40+ university partners.
Lending-as-a-Service platform providing student financial aid solutions and tuition management services.
SoFi Private Student Loans funds undergraduate and graduate education through SoFi Bank, with no fees and fixed or variable rates.