An Income Share Agreement is a legal contract between student and school. The ISA contract outlines that in exchange for the provision of education to a student, said student agrees to pay a fixed percentage of their income for a fixed duration of time. Payment occurs when a student is employed and earning above a predetermined minimum salary. The ISA contract has a Payment Cap that clearly indicates the most a student would pay given the terms of their ISA contract.

Instead of paying tuition upfront, enrolled students may choose to sign an Income Share Agreement (ISA). An ISA is a legally binding agreement representing a responsibility to pay NexGenT a portion of future income. Income Share Agreements are not a form of debt, nor are they a loan. They have no interest rate or principal balance. Students who are selected and elect the ISA option agree to pay a percentage of their post-program gross income (i.e., before taxes) with monthly payments, but only when students' income exceeds the minimum salary requirement set forth in the contract. The ISA option is capped at a maximum of the amount that is specified in your ISA contract. If students get a job before graduation, they cannot be considered withdrawn and their ISA will be due in full with no pro-rated refund.

If a student is approved and offered the payment option of an ISA and decides to sign an Income Share Agreement (ISA), the following refund policy will be applicable.