Kenzie’s Income Share Agreements (ISAs) were designed to support, not hinder, your success.
Traditional student loans accrue interest over the life of the loan and the borrower is responsible for paying back both the principal balance and any accrued interest. Interest on student loans can also oftentimes be capitalized under certain circumstances, which can extend your payback time. With a student loan, you can be stuck making payments for the rest of your life.
Income Share Agreements are different from traditional student loans for a few reasons.
Our ISAs do not accrue interest and have a set term, so the longest you could be paying it back is 48 months. Unlike a student loan, you can defer payments on our ISAs at any time for certain life situations. ISA payments adjust in real-time so your monthly payment amount will decrease or increase with your income. If an ISA is not right for you we have several other payment options to fit your needs.