Income Share Agreement

An ISA is a contract between you and EMU that provides you education funding. In exchange, you agree to share a fixed percentage of income for a fixed period of time after you leave EMU.

An ISA offers an alternative to traditional student loans.

• Payments: Most loans require you to make payments regardless of your income. ISA payments adjust according to your income.
• Income/Payment Limits: An ISA protects you when your income is low with a minimum income threshold, while a payment cap limits overall payments.
• Shared Risk: An ISA creates a risk-sharing system, in which EMU's success aligns with your success. ISAs are offered to certain undergraduate students as part of your financial aid package.

If you have been offered an ISA as an undergraduate student at EMU, please go to this link for more specific information.