PAY IT FORWARD: The Education Finance & Income Share Agreement (ISA) Blog


ISA Investment 101: Resource for ISA Investors


Since Purdue University established its income share agreement (ISA) program in 2016, ISAs are becoming more prominent in higher education. The opening up of this market creates a new asset class opportunity for investors. It also provides a space for impact motivated investors who also want a financial return to invest in education and diversify their portfolios.

However, there is very little by way of information for accredited and institutional investors looking to invest in this space. This series of articles is designed to provide information to interested investors.

This space is still young, though maturing quickly, as competition in higher education from coding schools and boot camps spurs investments. More accredited institutions are establishing ISA programs as student debt concerns are taking a toll on recruitment, retention, and graduation rates.

Every ISA deal and program structure can have its own unique elements, but there are many common elements. By understanding the elements, you can better understand how ISA deals are done, and the many ways in which ISA investors can create impact in the community and obtain financial value.

The ISA Investing 101 series is tailored for investors considering ISA investment, but are new to this space, or those who want to understand more about this space. A lot of our content is inspired by Christopher Mirabile and Hambleton Lord’s angel investment series of blogs and books. We highly recommend their content for angel investors.