Tuition is capped. You can elect to pay upfront or via an ISA.

ISAs payments are based on income and the total amount you can pay is capped. Also the time you need to pay it is capped.  Meaning that if you don’t earn above the payment threshold and/or you reach the end of your payment period - you do not have to pay any more money.  

Depending on your income, after completing the programme you will pay somewhere between 0 and your payment cap.  If you do not land a high paying job above your payment threshold and do not meet the threshold for a set period of time, you do not pay anything. 

When you do land a high paying job which pays you above the payment threshold you will pay a percentage of your income until you reach your repayment cap.

If you have to stop work for any reason, your ISA pauses.  There is no interest and you do not have to pay again until you earn over your payment threshold.  If you are unable to make a payment during the payment period, your obligation is discharged.

We are aware that there are problematic ISAs on the market and are trying to structure one that is fair and equitable. If you've seen any that you think are good or bad, please let us know. We'd love your feedback.


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