This is an example. Please see the calculator above for exact instalments.
*The TAE is a percentage that measures the effective cost of a financial product. Its calculation includes the interest, fees,
and commissions that apply to a credit. It is calculated annually.
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1. Valid full-time employment for at least 6 months, earning equal or more than €22.000 yearly.
2. No previous defaults.
3. Enrolled in a part-time program.
4. Resident in Spain with Spanish bank account.
5. Aged between 18 and 55.
1. Apply and get accepted to one of our partner schools.
2. Apply for your FixPay online in minutes.
3. Accept your FixPay offer and sign the contract.
4. Go to school and focus on your education.
5. Pay only €250.00 a month.
6. Enjoy a brighter future.
FixPay Amount: The amount of the loan which corresponds to the amount of your tuition.
Required Payments: The number of monthly payments required to fulfill your FixPay obligation (also called payment term)
Final Payment Date: A FixPay in good standing ends either when the cap is reached, the number of repayments are paid or when the final repayment date is reached.
Minimum Income Threshold: The income that you must be making in order to make payments. If you are making below that, then payments are paused.
Payment Cap: The amount you can be obligated to share.
You don’t have to pay anything during the period your gross income is below the minimum income threshold. For example, suppose the minimum income threshold for your FixPay is €1,500 gross per month (equivalent to €18,000 gross per year). If your gross income falls below €1,500 gross per month, your payments will pause during those months. Your payments will resume when your gross income is at or above the minimum threshold established in your FixPay contract.
With FixPay, divide your tuition in manageable instalments of €250 per month. If you lose your income, your payments are put on pause.
An Income Share Agreement is a contract which defers your tuition payment so you can study today. In return, you commit to pay a fixed percentage of your earnings monthly for a set period of time.
1. Apply for the Income Share Agreement online in just a few minutes.
2. Before or after applying to the StudentFinance process, you must be accepted at one of the schools with which we have a partnership.
3. Accept the Income Share Agreement offer and sign the contract.
4. Study and focus on your training.
5. Find the job of your dreams to boost your professional career.
6. Pay a fixed monthly percentage of your gross income.
7. Enjoy a better future!
Income Share: The fixed percentage of monthly income you will repay.
Required Payments: The number of monthly payments necessary to fulfil your Income Share Agreement obligation (also called the payment term).
Final Payment Date or Maturity of the Contract: An Income Share Agreement in good standing ends when the final payment date or maturity of the contract is reached, even if - based on your gross monthly income earned - you have been required to pay less than the stipulated amount or nothing at all.
Minimum Income Threshold: The gross income you must earn in order to make the payments. If the income is lower, the payments are paused.
Maximum Payment: The maximum amount you may be obliged to pay; expressed as a multiple of the Income Share Agreement amount.
You do not have to pay anything during the period in which your gross monthly income is below the minimum income threshold. For example, suppose the minimum income threshold of your Income Share Agreement is 2,000 euros gross per month (equivalent to 24,000 euros gross per year). If your gross income is less than 24,000 euros gross per year, your payments will be paused during those months. Payments will resume when your gross income reaches or exceeds the minimum income threshold set in your Income Share Agreement contract.
The repayment instalments of the Income Share Agreement adjust based on your gross income so you always pay what you can afford. Furthermore, the minimum income threshold guarantees you will not pay if your income is equal to or greater than that minimum threshold.