Income Share Agreement (ISA) Financing
A New Way to Finance Education
Thank you for visiting us! Here’s more information about MentorWorks Income Share Agreement (ISA) program issued by Blue Ridge Bank, N.A. as a funding option for students in eligible programs.
MentorWorks is changing the game when it comes to education finance and career enhancement tools, providing students with the flexibility to pursue their chosen career path with an ISA which is a flexible, innovative alternative to traditional fixed payment installment loans.
As part of their innovative â€œfund and supportâ€ model, the MentorWorks ISA program issued by Blue Ridge Bank, N.A., offers ISA financing with career development and professional mentoring, as well as access to employers through their online Talent Accelerator Platform (TAP).
What are ISAs?
ISAs are an innovative alternative to traditional fixed payment installment loans. In short, students pay a percentage of their future income for a set period of time, up to a maximum cap, without accruing interest.
Unlike a traditional loan, students do not pay until they find a job and reach the minimum income threshold. The payments adjust according to the level of the studentâ€™s income â€“ a true outcome-based model with other downside protections for the student!
Learn more about the MentorWorks ISA program issued by Blue Ridge Bank, N.A. with these downloadable details: