Your course made accessible to many more participants.
Monisa allows you to propose an alternative financing solution to future participants who want to buy your course.
You are an independent course builder?
You have created one or several courses?
Online and/or in-person?
3 advantages for you to offer Monisa as a financing solution to future participants in your courses.
An additional option
Monisa adds to the 3 traditional payment options: 1) cash payment at registration, 2) with a loan, 3) with subsidies/training plans.
A flexible option
You can adjust all parameters. Rate, duration...
A growth option
Your compensation depends on the success of the person taking your training.
How does this alternative financing solution work?
ISA, or "Income Share Agreement"
A proven model in the US.
Lambda School has democratized the ISA. At Lambda, a remote coding school, students pay $0 in tuition until they get a job that pays them at least $50,000 per year. Then, they pay 17% of their income for a maximum of two years or up to $30,000, whichever comes first.
A solution that incentivizes mutual success.
"ISAs not only allow the student to save money upfront, but they align the incentives of the school and the student, ensuring that outcomes are mutually beneficial." Austen Allred, CEO Lambda School
A solution to talent shortage.
By lowering the accessibility barrier of training to €0 at registration, ISAs open the door to talents who cannot afford to pay or find financing at the beginning of the training.
Buy now. Pay later.
The participant enrolled in your training does not pay for the course now but only from their future income.
The participating trainee does not borrow.
The oppressive notion of "debt" is removed so that the participating trainee can focus on your course.
A customized solution.
Duration, rate, maximum, grace period... You can create a tailored solution that meets the career paths of your participating trainees.
Monisa democratizes the ISA as a financing tool offered by independent course builders, providers.
And no longer just by large schools, universities or coding schools.
Monisa is the SaaS that aligns trainers and trainees on the objectives of the training.
Who can propose ISAs?
☑ Bootcamps,schools for specific careers (Coding, Product Management...) and other alternative educational institutions in all sectors
☑ Individual coaching (mentoring programs and employment agencies)
☑ Higher education institutions (business schools, engineering schools...)
☑ Any entity that wishes to offer a payment option with no upfront fees
You create a "Course builder/provider" account on Monisa.
You enter the parameters of the ISA(s) you wish to propose.
Monisa creates the documents to be sent to future participating trainees.
You add your customized Monisa button on your course page, at the checkout/payment stage.
The future participating trainee accepts this payment method on your personalized Monisa page.
Their Monisa account is automatically created in your Monisa space so you can track and manage their ISA with all other ISAs in a single dashboard.
At the end of the training, the ISA parameters are activated.
Using the tracking and analytics tools developed by Monisa, you manage all your ISA relationships with all the beneficiaries who have completed your course(s).
Beneficiaries update their professional information (income) directly through their Monisa access in your Monisa space.
Makes your course accessible to the largest number of participants.
Tech, coding, personal development, personal finance, financial markets and investments, crypto, nutrition, mental health and wellbeing, sports, podcasting, content creation..
Pricing.
Your first 3 months are free
Basic.
✅ 30 participating trainees
✅ Origination and creation of each participant's ISA
✅ 2 different ISAs
✅ Simple dashboard (past cashflows, estimation of future cashflows, analytics).
❌ Dedicated support by chat and phone
❌ Modification and editing of current ISAs
❌ Comparative studies and active monitoring of ISAs from other courses on Monisa (aggregated and anonymous)
Flexible.
✅ 200 participating trainees
✅ Origination and creation of each participant's ISA
✅ 10 different ISAs
✅ Full dashboard (past cashflows, estimation of future cashflows, analytics).
✅ Dedicated support by chat and phone
✅ Modification and editing of current ISAs
✅ Comparative studies and active monitoring of ISAs from other courses on Monisa (aggregated and anonymous)
Let's talk ISA !
F.A.Q.
What is an ISA?
ISAs or “Income Share Agreements” are contractual agreements that allow students and any course participant to attend educational programs without paying initial tuition fees, in exchange for an agreed percentage of their post-graduation income over a predefined number of periods (typically years).
How is an ISA different from a loan?
Loans are repaid through fixed recurring payments (typically months), including interest based on a principal. ISAs are more flexible in their repayment terms and will adapt to participants’ income conditions throughout the repayment period. Repayments for an ISA are based on a percentage of income rather than a fixed principal, so they should always be affordable. Additionally, ISA standards do not include interest rates that will increase the amount of unpaid payment over time.
When do course participants make their repayment?
Course participants begin their repayments as soon as their income exceeds the income floor, after graduation.
When does a participant's payment obligation end?
A participant’s ISA will be completed if one of the following three is fulfilled: (i) repayments have reached the repayment cap (ii) the participant has made all monthly payments, regardless of the total payment amount (iii) the student has accumulated the maximum deferral and repayment months, regardless of the total payment amount.
What is deferment and how does it work?
A participant’s ISA will be suspended if they earn an income below their minimum salary or are unemployed. Once their income exceeds the salary floor, repayments resume.
What is Monisa's position within the ISA?
Monisa serves as an ISA manager between schools and participating trainees. We provide schools and independent course providers/builders with the necessary infrastructure to create an ISA program while facilitating all ISA payments and customer support requests from their participating trainees.
Are there any requirements to launch an ISA?
Schools, courses and programs of all audience sizes and disciplines can offer ISAs to their participating trainees. To learn more, contact our team directly.