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Income Share Agreements

ENTITY Academy has partnered with Blue Ridge Bank, N.A. and MentorWorks in order to offer Income Share Agreements (ISAs) to help make our Writer's Collective+ more accessible!

With an ISA, you pay $0 for the program until you secure employment at $30,000 or higher. Our ISAs also have “payment caps” so you’re guaranteed to never pay more than 1.5x your program’s tuition.




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You must be eligible for full-time employment immediately upon program completion to qualify for an ISA (i.e. currently enrolled college students who have more than 4 weeks left until graduation do not qualify).

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How Payment Works:


ISA only kicks in once you’re making at least $30,000.


Then you'll pay 0.8% for every $1,000 you borrow. If your ISA is for the full $7,500 tuition then you'll pay 6% of your gross income for 42 months.

If your income falls below $30,000 your payments pause. We don’t charge you interest. 

0.8% to 6%

Payments End When One of These Things Happen:

42 months

Your ISA is over when you’ve made 42 monthly payments.



Your ISA is over when you’ve reached the payment cap of $11,250, only if you borrowed the full $7,500 tuition. The maximum you will pay is 1.5 times your ISA amount over the payment term, regardless of your earned income. 


Deferment Period

The Deferment Period is up to 24 months. For every month you are in deferment, one month is added to the Payment Term (42 months). You are typically allowed to defer payments up to 24 months, after which it will reduce required payment months from your Payment Term. After a certain number of deferral periods, the payments will be forgiven.

Your obligation during the life of the ISA:

  • Your income share is the percentage of your future earned income you will owe in return for the ISA amount credited to your account with Blue Ridge Bank, N.A. It is not an interest rate or an annual percentage rate.


  • Your income share is fixed. The income share percentage is based on the amount you borrow for the ISA (between $1,000 and $7,500). If you borrow the minimum ISA amount of $1,000, your income share percentage would be 0.8%. For every $1,000 you borrow, the rate increases by 0.8%. If your ISA amount is for the total $7,500 tuition, your income share rate would be 6%. 

  • Your payments will vary based on your earned income. The total amount you will pay may be more or less than your ISA amount.


  • The maximum you will pay is 1.5 times your ISA amount over the payment term, regardless of your earned income. You may also pay the lower of this maximum amount or the then applicable pre-payment amount (less any payments made to date plus any outstanding fees) in order to extinguish your obligations before the payment term ends.

How Much Will I Owe?

If your annual salary is...

Your income share
percentage is..

And your term duration is...

Then your total payments would be:


($2,500 per month)


($3,333 per month)


($4,167 per month)


($5,000 per month)


($5,833 per month)






42 Months

42 Months

42 Months

42 Months

42 Months






The above chart is only applicable if you borrow the full tuition amount of $7,500. If you'd like to see what your total payments would be if you borrow less than $7,500, then check out MentorWorks's loan calculator.

Frequently Asked Questions

The FAQs below explain certain tuition and ISA features and terms, but do not override any terms in the Income Share Agreement (ISA) itself. Students should read their enrollment agreement and ISA contract(s) to carefully understand their terms.


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MentorWorks Education Capital provides Income Share Agreement (ISA) programs, which enable college and non-traditional students to complete their education without incurring up-front tuition costs. ISAs are alternatives to traditional fixed payment installment loans with which approved students will have their tuition paid and, once employed, will make payments calculated to a fixed percentage of their income, for a set period of time, up to a maximum cap, without accruing interest. Uniquely, MentorWorks also provides career development support, mentoring and access to employers through their online and asynchronous Talent Accelerator Platform (TAP).  

The Writer's Collective+

ENTITY Academy is offering ISAs for our digital marketing program, The Writer's Collective+. Throughout this twelve-week online program, you’ll learn how to apply various tools and techniques to master social media, web analytics, and email marketing campaigns. We can get you ready to sell products, share ideas, and grow businesses in today's digital age. Apply today to secure your spot! 

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