Income Share Agreements, or ISAs, are a new form of student financing. ISAs don’t have interest like traditional loans. Instead, you pay back an agreed-upon percentage of your income for a fixed period of time, and you don’t start payments until you land
Unlike a loan, we build in protections to make sure your payments are always affordable, and that you never pay too much. Take a look at more benefits of ISAs below.
If school doesn't work out, you don't need to worry about paying us back. Payments also adjust with your income to stay affordable when you are employed.
When you do land your dream job, we set a limit on how much we take. Our ISAs have a hard cap, after you hit it your payments go to $0.
Unlike a loan ISAs don't go on forever. Once this ISA period is over your payments are over, even if you’ve paid back less than you borrowed.
You don’t need a credit score, co-signer, or collateral to apply. TradeUp evaluates applications on your future potential, not your past.
Sometimes, life happens - we understand. If you have an emergency or get laid off payments are paused. No fees or penalties.
ISAs have no principal and no interest. There is no minimum amount either: you may even pay back less you initially borrowed.
Simply fill out our questionnaire. Instead of a traditional credit check, we ask you what you school you're attending, what program you're doing, and when you graduate.
If your application is approved, we'll offer you ISA terms. Some schools have partnered with us for standard terms. The typical approval time is 5 business days, but some applicants are approved within an hour!
We send tuition directly to the school, so you don’t have to worry about it. If you are approved for a cost of living stipend, that money is sent directly to your bank account.
After you’ve landed a job and the grace period passes, you’re ready to start repayment. You’ll make payments once a month. Your payments will always be proportional to your income so they’re always affordable.
TradeUp works specifically with students at trade and vocational schools. We believe private loans in this field just aren't meeting students' needs.
That said, we have a broad definition of what defines a trade school. If you’re not sure if your program qualifies, just apply! We work to fund as many students as possible.
We're here to make sure you have as many career options as possible. If you have questions about hiring in your field, job interviews, or anything else you can think of, we can help.
We’ll connect you to people already working in your desired profession, get you internships, and provide you with career help and coaching whenever you need it.