Ensuring

Ethical

Student

Finance

Welcome to GIA

The Global ISA Alliance has been created to ensure the integrity of ethical Income Share Agreements (ISAs) worldwide. It provides a central platform for ethical ISA organizations to collaborate, navigate regulatory challenges, and present positive ISA outcomes to the world. By addressing these critical issues, we aim to foster the growth and sustainability of ISAs while ensuring their ethical and transparent operation.

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. From this event, nine Income Share Agreement (ISA) providers emerged as the core members of the Alliance and their collective dedication forms the bedrock of our mission to ensure student finance that is embedded in an ethical and sustainable framework.

What is an ISA?

An Income Share Agreement (or ISA) is a financial structure in which an organization provides financing to a recipient to cover their investments in education, training, and other ways of learning that lead to future income generating potential. The recipient, in exchange, commits to share a pre-agreed percentage of future income. The amount paid by the recipient, in the end, can result to be between zero, if the receiver never has an income, and (typically) a maximum threshold. The above definition is the minimum threshold for inclusion into the ISA category, but does not include all terms or conditions of an ISA.

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