Step 2: We’ll have a conversation with you and some potential investors to see if we can match you with the right investor to fund your ISA.
Step 3: Once we have a match and you accept your ISA funding offer, we’ll finalize the paperwork.
Step 4: You’ll get the funds to pay off your old student loans.
Step 5: You’ll contribute a percentage of your income for a limited period of time. If your income goes down, your payments go down too. During this time, you won’t have to worry about constantly compounding interest or making your payments if your income drops below a certain level.
Step 6: Relax! At the end of your ISA, you’re all done and have no further obligations. Unlike some government student loan options (IBR, REPAYE, etc.), you will not face a looming tax burden at the end of an ISA.