To understand this financing model – different from a traditional credit – analyse in detail a financing plan for an amount of €12,000, approximately the value of the master’s tuition fee.
Analyse case 3
Upon being accepted by the FJN, the student will sign an ISA contract in which one commits to share 10% of one’s salary, in a maximum of 72 payments.
After finishing the program, if one has a gross annual salary of €20,000 (€1,667 monthly gross), she/he will pay only €167 for 72 months.
No upfront costs, no commissions, and no need for personal guarantees.
With an ISA one is fully protected against unforeseen circumstances, such as unemployment situations or difficulties in entering the job market.