As part of Wedu’s Leadership Community, Future Income Sharing Agreements (FISAs) offer you an affordable way to fund your education. Unlike loans, FISAs are designed to adjust with the realities of your unique leadership journey, because repayments are only due when you’re employed or earning an income. With FISAs, your repayments also help fund future generations of Rising Stars who also seek the same financial support, making your education even more impactful than it already is.
Repayments are always calculated as a percentage of your income, which means the repayment amount changes as your income goes up or down. If you become unemployed or decide to pursue another degree, your payments are paused until you start earning again.
Unlike loans, we don’t ask for any credit terms or financial collateral. Our FISA contracts are capped at a maximum of 10 years, during which you agree to repay 5% – 10% of your monthly income. With these simple terms, you can plan your financial future with more certainty.
FISAs can be awarded to pay for multiple years of your tuition and other expenses (up to USD 5,000), and your repayments only begin after you graduate and find employment. This allows you to focus on your studies now and help others do the same later.
We believe that financial support has the most impact in a young woman’s life when it is combined with effective leadership development support and resources. Therefore, we only provide FISAs to our Leadership Community who consistently demonstrate a strong commitment to their leadership development and the Wedu Community.
When Wedu’s Leadership Community apply for funding, we will review the best possible funding options before any commitment is made. FISA terms will vary from person to person, and even though awarding depends on each individual’s circumstances and engagement with the community, we aim to be able to provide funding to everyone who needs it.
FISA collection partners and protocols have been established in Cambodia, Myanmar, Nepal and, Bangladesh. For other countries, please reach out to us and we will do what we can to support you.
Higher education is a powerful tool that can help catalyse one’s leadership potential. However, it remains financially inaccessible to many individuals around the world. Women, who might not only face financial barriers but cultural or societal barriers as well, are even more affected. Wedu’s Leadership Community build the independence to choose the financing option that best suits their future goals, as well as the opportunity to receive lifelong guidance and support to ensure their success.
We are proudly pioneering FISAs in Asia to help address the large-scale need of affordable access to education funding in an innovative and sustainable way that benefits everyone – Leadership Community and their families, universities, and FISA supporters and investors. We are in the process of setting up our first FISA fund to help hundreds and thousands of students obtain affordable financial support to complete their degrees for generations to come – contact us to learn more.