Avenify offers Income Share Agreements (ISAs) as an alternative to student loans.Rather than pay back a fixed principal with interest, borrowers pay a fixed percentage of their income each month.
Most ISAs on the market contain four key items: the principal, the income share, the payment term, and the payment cap. If you'd like to learn more!View our ISA
The Principal is the amount of funds you will receive per academic semester plus any funding charges.
The Income Share is the percent of your total earned income that you will share each month.
The Payment Term is the maximum number of months during which you will share your income.
The Payment Cap is the maximum amount you will pay over the Payment Term.
The Income Share is determined by a variety of factors, including your major, where you attend school, and when you expect to graduation.
You'll make monthly payments for 60 months. You can always pay off the remainder of your ISA early with Avenify's unique Progressive Payback Cap.
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