Welcome
At the Global ISA Alliance, we believe that every student—regardless of their background or location—deserves a genuine opportunity to pursue tertiary education and achieve their dreams. We are dedicated to dismantling financial barriers and opening doors for learners everywhere, recognizing that education can transform lives and communities.
Our founding members are changing lives globally. Discover how three member organizations are making an impact on their students:
- Explore how Chancen International is empowering students in Africa to shape their futures, with inspiring stories from alumni Albertine and Blaise.
- See how Lumni enables Latin American students to forge their own paths to success.
- Discover how Better Future Forward is revolutionizing student support in the United States, providing equitable access to higher education.
What is an Income Share Agreement (ISA)?
An Income Share Agreement (ISA) is a modern, student-first approach to financing tertiary education and skill development. In this model, organizations provide financial support for tuition and other educational expenses. In return, students agree to share a small percentage of their future income as repayment for a set period once they graduate and earn above a specific threshold.
ISAs promote fairness by allowing students to contribute more in repayment as their income rises, up to a maximum cap. In times of financial difficulty, repayment contributions can decrease or pause, ensuring payments adapt to each student’s unique situation.
More than just financing, an ISA is a promise. It guarantees that the education a student invests in will be worthwhile, and should challenges arise, their payments won’t become a burden. At its core, an ISA represents a shared commitment to success, rooted in the belief that one’s future shouldn’t be limited by family circumstances.
By aligning the cost of education with future income, ISAs empower students to pursue their passions without the fear of unmanageable debt. They open doors to upward mobility and economic empowerment, making high-quality education accessible and equitable for all.
Join us in reshaping the conversation around fair and ethical education financing, and together, let’s create brighter futures for students everywhere!
Our Vision
A world where all students have access to the affordable capital they need to complete the quality education they deserve without hampering their development through unfair conditions.
Our Mission
The mission of the Alliance is to foster the sustainable growth of Income Share Agreements (ISAs) by creating and monitoring ethical standards, developing domain knowledge, and supporting collaboration across key stakeholder groups.
History
In 2022, a visionary group of six ISA providers came together after recognizing the urgent need for an ethical framework to govern student finance through ISAs. This led to the establishment of the Global ISA Alliance. Further, in June 2023, 16 leading ISA organizations gathered in Frankfurt for the inauguration of the Global ISA Alliance. The event marked the consolidation of a shared commitment among selected ISA providers to guarantee ethical student finance. The primary objective was to establish a framework that reinforced this commitment but that also delineated the role the Alliance would play in monitoring and upholding these ethical standards.
