Invest in your future
 

ISA PRODUCTS

BFF’s income share agreements, or ISAs, can help students cover the net price of college.

ISAs are similar to loans because they are contractual obligations. With BFF’s contracts, however, the payments and protections work differently: Instead of promising to pay back a principal loan amount plus interest after you leave school, you promise to pay back a set percentage of your monthly income. You pay until you reach the maximum total payment amount or until the term expires—whichever comes first.

 
Boost ISA
Borrow from
$1,000 to $2,499
Monthly Payments
3.5% of your earned income (after college)
Threshold
Make payments only when your income is above $30,000
Time limit
Never pay for more than 240 Months
Maximum Total Payments
You never pay more than what you borrowed, accruing interest at a 7% annualized rate
Opportunity ISA
Borrow from
$2,500 to $35,000
Monthly Payments
3.5%–10% of your earned income (after college)
See full pricing table

Threshold
Make payments only when your income is above $30,000
Time limit
Never pay for more than 240 months
Maximum Total Payments
You never pay more than 1.1x of what you borrowed, accruing interest at a 4.5% annualized rate
 

Making the Right Decision

We encourage you to read more about ISAs to decide whether they’re right for you. Here are a few articles to explore:

What to Ask Yourself Before Using an ISA to Pay for College (via NerdWallet)

Income Share Agreements (Savingforcollege.com)

 

 

iStock-905882404.jpg