An Income Share Agreement (ISA) or Income Share Loan (ISL) is a contract through which a student receives upfront funding for their education in exchange for repayment based on future income. Throughout the term of your ISA/ISL, your income share percentage will not change. Thus, if your income increases, your payments will increase. If your income decreases, so do your payments. You will stop paying your ISA/ISL once you've made your required number of monthly payments or reached your Payment Cap, or your implied APR cap - whichever comes first. The full terms and conditions of your ISA/ISL are included in your loan documents.