These Frequently Asked Questions provide information and operational guidance on Triangle Education Foundation’s ISA program.

What is an ISA?

An ISA is a contractual agreement in which a student receives education funding. In exchange, the student agrees to share a fixed percentage of future income.

How do you fulfill an ISA

To fulfill an ISA obligation, you’ll either make the maximum number of monthly payments or hit the payment cap—whichever comes first. And, if your payment window closes before you fulfill either of those obligations and you’ve remained in compliance with your ISA, your obligation will automatically expire, even if you’ve paid little or nothing at all.

What are the benefits to students?

Triangle’s ISAs offer an income-based alternative to traditional student loans, which require you to pay a principal balance plus interest. With an Triangle ISA, you receive education funding up front and make payments later that adjust with your earnings. You’ll only make ISA payments when your gross monthly income meets the annual equivalent of $40,000, and you’ll never pay more than 1.6x your initial funding amount*. Additionally, if the payment window closes before you make the maximum number of monthly payments or hit the payment cap, and you’ve remained in compliance with your ISA, your obligation will automatically expire.

How do ISA payments work?

For months when you meet the minimum income threshold, your monthly payment will be equal to your income share multiplied by your gross monthly earned income. You will receive a monthly bill for this amount, and you can make your payments online, over the phone, or via mail. You’ll also submit income documentation annually and any time your income changes.

What happens if my income falls below the minimum income threshold?

You’ll only make ISA payments in months when your gross monthly earnings equal or exceed $3,333.33 (equivalent to $40,000/year).

Is there a way to satisfy my ISA early?

Yes. There is no financial benefit to prepaying your ISA, but you may do so any time by paying the payment cap, less all of the payments you’ve already made. You’ll also have to pay any outstanding fees or charges actually incurred.

Do I still have to pay if I don’t finish school?

Yes—if you leave school without graduating, you will still share your income according to the terms of the ISA.

Over the course of my ISA, am I required to pay the initial funding amount I received?

You are required to pay the agreed-upon percentage of your income for the prescribed term of the contract. Based on your future earnings, you may pay more or less than your initial funding amount. Provided that you remain in compliance with the terms of your ISA, you may pay up to 1.6x your initial funding amount.

How can I apply? How long will it take?

Contact a Triangle advisor. If an ISA may be right for you, you will be invited to apply via email. When you receive your invitation, you can visit triangleef.vemo.com to complete your application. The application will only take a few minutes to complete, and your account will be up and running within one week.

Will students be required to pursue a specific career?

Absolutely not. There are no requirements stipulating the nature or type of employment that students choose after graduation.

Will I incur additional fees or charges in the natural course of my ISA payment?

Late payment or insufficient fund fees will be charged as described in your ISA. However, if you remain in compliance with your ISA, submitting proper income and employment documentation as well as timely monthly payments, you will not incur additional fees or charges

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Complete the form below, and a dedicated Triangle advisor will reach out to answer your questions and help you apply for an ISA.