A better way to finance your education.

Messiah is proud to introduce our Income Share Agreement program: Only pay when you succeed.

Messiah University’s new ISA program reduces the up-front, out-of-pocket cost of college, so that you can focus on what really matters: your education. Messiah is committed to your future, and with an ISA, you’ll only pay when you succeed.

Through Messiah ISAs, you can access limited up-front college funding all four years of your Messiah education. In return, you’ll make 90 monthly income-based payments. Make timely monthly payments after you leave Messiah, and you’ll never pay more than the funding amount you received. Any month you earn below the minimum income threshold ($2,916.67 gross, ≈$35,000/year gross), you’ll pay nothing. It’s that simple: Receive college funding up front, make income-based payments later.

What Is an Income Share Agreement (ISA)?

An ISA is a contract between you and Messiah that provides funding for your education. In exchange, you agree to share a fixed percentage of future income for a fixed period of time. Here are some of the key terms you should know before you sign an ISA:

An ISA is a contract between you and

ISA Amount

Amount funded to your Messiah account

Income Share

Percentage of your gross monthly income you will share

Maximum # of Monthly Payments

Greatest number of monthly payments you could be obligated to make

Payment Cap

Maximum amount you could be obligated to share (equal to your ISA amount)

Payment Window

Number of months before your ISA obligation automatically expires

Minimum Income Threshold

Minimum gross monthly income you must earn before monthly payments are due ($2,916.67)

Grace Period

The six months after you leave Messiah before payments start

Benefits of an ISA

ISA payments adjust according to your income, so you always know what percentage of your income you will pay.

ISAs are built to end, faster. As soon as you make the maximum monthly payments, hitthe payment cap, or reach the close of the payment window—whichever comes first—your ISA ends.

Built-in protections include an automatic ISA expiration date, a payment cap that limits total payments, and deferment options that let you enroll in grad school or take a gap year without accruing interest.

Low income? No income? No payments. ISA payments are only due when your gross monthly income exceeds $2,916.67 (≈$35,000/year gross).

"Messiah University has created income share agreement programs to support our undergraduate students and help us achieve some of our most ambitious goals—expand access, increase affordability, and prove the professional value of a Messiah University education."

David Walker
VP for Finance and Planning

Fulfilling an ISA

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

Make the Maximum Monthly Payments

Your ISA will define a maximum number of monthly income-based payments. Once you make that number of payments, your ISA ends—even if you’ve paid less than the initial funding amount.

Hit the Payment Cap

Over the course of making monthly income-based payments, you may hit the payment cap (equal to your ISA amount). Hitting the payment cap will end your ISA*—even if you’ve made fewer than the maximum number of monthly payments.

Getting Started

Like any new finance tool, ISAs can seem complicated. In reality, they’re simple: You sign an ISA, receive education funding, and make income-based payments when you earn above the minimum income threshold or more. If you’re considering applying for an ISA, here are the first steps you can take toward career success.


Evaluate all your financing options

Visit the Student Resources page to find Messiah’s Financial Fitness Quiz, and consult with a trusted Messiah Financial Aid advisor about whether an ISA is right for you. If it is, ask for an invitation to apply for an ISA.


Review your email invitation to apply for an ISA

You may apply online, and pending approval, sign the contract digitally. Your ISA amount will then be funded to your account on the designated disbursement date(s).


Submit income and employment documentation

After your grace period ends (six months after you leave Messiah), start making timely income-based payments every month your income exceeds the minimum income threshold or more. Continue to submit employment and income documentation once a year and any time your income changes, until your ISA ends.