Leif was founded with the mission to increase access to quality and affordable education. With over five years of operations, Leif has partnered with over 150 institutions, impacting over 13,000 students, and arranging over $150M in Income Share Agreement financing. We have a unique vantage point for understanding the elements of a successful ISA program. It is more apparent now than ever that outcomes-based education finance is critical to ensuring students obtain the skills required to succeed in today’s rapidly evolving economy.
Our unique experience in the Income Share Agreement space has allowed us to identify the following potential pitfalls:
The journey of a successful ISA program begins with thoughtful program design. Leif’s Triple Impact Design Tool will help remove the confusion surrounding the creation and launch of Income Share Agreement programs. In today’s uncertain economic environment, it is critical that students seek educational opportunities where schools are incentivized to deliver positive outcomes. Thoughtfully designed, student-friendly Income Share Agreement programs will help students pursue those opportunities. We are excited to launch this tool and make it available for the public.
We leveraged advanced statistical analysis built on top of Leif’s proprietary data to benefit (1) schools hoping to implement ISA programs, (2) mission-aligned capital providers, and most importantly (3) students looking to gain access to quality and affordable education.
We invite you to discover what an ISA program could look like at your school using Leif’s Triple Impact Design Tool. We look forward to discussing how ISAs can help increase access to your programs.
 Leif’s design framework gives special emphasis to both the school’s job placement rate and the expected salary to ensure students are offered ISA terms that are aligned with the outcomes and that the school bears the costs of under-delivering to students.
 Leif ensures ISA programs are sustainable by taking a probabilistic view on a program’s outcomes and assessing the ISA program’s expected payback. By ensuring the expected payback distribution is in line with listed tuition, schools can be confident that their financial goals will be met as they continue to deliver value to their students.
 Leif ensures ISAs are affordable to students in these distinct ways:
(i) By modeling the expected salary and time to placement distributions of students, Leif optimizes for ISA terms that result in reasonable expected implied interest rates; (ii) Setting a minimum income threshold that protects students whose outcomes are at the lower end of the expected income distribution of the field of study; (iii) By ensuring the take-home pay (post ISA payment take-home salary) is above reasonable income thresholds.