Avenify offers Income Share Agreements, or ISAs, which are a way to finance education. Unlike a loan, where you pay back a fixed balance and interest, ISAs are a promise to share a percentage of your future income.
Payments are a percentage of the person's income. If they earn less than $20,000, payments drop to $0. Payments don't start until they have a job, or six months after graduation. and payments are paused if they lose their job or go back to school.Payments are made during a fixed payback period.
ISAs are not guaranteed or FDIC insured and investors may lose some or all of the principal invested.