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What is a Future Earnings Agreement (FEA)
It’s a co-investment between an education provider and a student, that’s based on the future performance of that qualification and the student in the job market.
A Future Earnings Agreement (FEA) from StepEx enables students to finance a qualification in exchange for an affordable percentage of their future earnings over a fixed period of time.
It’s a co-investment between an education provider and a student, that’s based on the future performance of that qualification and the student in the job market.
Unlike a student loan from a high street lender, with an FEA the amount you repay depends on your future income: earn more, and you repay more, earn less, and you repay less.
And you may not need to repay straight away. Why? Repayments only begin when your earnings go above an income threshold. So they’re affordably in line with what you earn.
It’s a co-investment between an education provider and a student, that’s based on the future performance of that qualification and the student in the job market.
Unlike a student loan from a high street lender, with an FEA the amount you repay depends on your future income: earn more, and you repay more, earn less, and you repay less.
And you may not need to repay straight away. Why? Repayments only begin when your earnings go above an income threshold. So they’re affordably in line with what you earn.