Ciconia | Income Share Agreement (ISA)

isa

Investing in Potential. Sharing Success.

The Income Share Agreement (ISA) is an innovative education financing model that enables talented individuals to access high-quality learning opportunities while aligning financial contributions with future professional success.

Rather than requiring traditional tuition payments before the program begins, the ISA establishes a shared commitment between participants and Ciconia. It is designed to create sustainable access to education while ensuring that future generations can benefit from the same opportunities.

Understanding the ISA

The Income Share Agreement is a contractual arrangement between Ciconia and participating learners that defines the terms under which participants contribute toward the cost of their education after achieving predefined financial conditions.

The agreement establishes clear rights and responsibilities for both parties, including eligibility for contributions, reporting obligations, contribution periods, applicable limits, and the circumstances under which payments begin, pause, or conclude.

Every Income Share Agreement is provided in full before enrollment, allowing participants sufficient time to review its terms, seek clarification, and make an informed decision before signing.

Why ISA Model?

At Ciconia, we believe education should be accessible to individuals with talent, determination, and the willingness to grow, not limited solely by immediate financial capacity.

The Income Share Agreement reflects our commitment to building a sustainable education ecosystem where opportunity and responsibility are shared. By aligning financial contributions with future professional success, the model supports both individual advancement and the long-term continuity of programs that benefit future participants.

This approach encourages a lasting relationship between graduates and the community that supported their educational journey, reinforcing a cycle of opportunity, contribution, and impact.

How Does it Work?

Before joining the Program

Read, review, and sign the ISA agreement

During the Program

Join the Program and start learning skills

During / After the Program

Matchmake to find a Job OR find your own job and start working

After the Program

Reach a threshold of the minimum wage based on regulations of Spain

After the Program

Start paying back to the program

ISA Generic Terms

FAQ (Frequently Asked Questions)

Is an ISA a loan?

An Income Share Agreement is not a traditional loan. It does not create a fixed debt that must be repaid regardless of your financial situation. Instead, your contribution is determined by the terms of the agreement and is only applicable when the agreed conditions are met.

Who signs the agreement?

The Income Share Agreement is signed by both the participant and our ISA partner before enrollment. By signing, both parties acknowledge and agree to the rights, responsibilities, and obligations outlined in the agreement.

When does the agreement begin?

The agreement becomes legally effective once it has been signed by both parties. However, contribution obligations only become applicable when the specific conditions defined in the agreement have been satisfied.

What happens if my income changes?

Your obligations are always determined according to the terms of your Income Share Agreement. If your income changes, your contribution is reflected and other terms of the agreement is affected by the change.

Can the agreement be transferred?

No. The Income Share Agreement is a personal contract between Ciconia and the participant. It cannot be transferred, assigned, or inherited by another individual unless expressly permitted by applicable law and the terms of the agreement.

How are disputes resolved?

Ciconia is committed to resolving concerns through open communication and good-faith dialogue whenever possible. If a dispute cannot be resolved informally, it will be handled in accordance with the dispute resolution procedures and governing law specified in the agreement.

Can I review the agreement before signing?

Absolutely. Every applicant receives the complete Income Share Agreement before making any commitment. We encourage all participants to read the document carefully, ask questions, and seek independent advice if they wish before signing.
Ciconia will hold a dedicated session earlier to sign the agreemtn by which all the agreement terms and conditions will be described, and there will be time for Q&A to answer any questions.

Is there any interest charged on the Contribution Cap?

No. You are only required to pay up to the agreed Contribution Cap. There is no interest, fees, or additional charges beyond that amount. Once you reach the Contribution Cap, your repayment obligation is fully satisfied.

Investing in Potential. Sharing Success.

Understanding the ISA

Why ISA Model?

Shared Success

Shared Responsibility

Sustainable Education

Transparency

How Does it Work?

Read, review, and sign the ISA agreement

Join the Program and start learning skills

Matchmake to find a Job OR find your own job and start working

Reach a threshold of the minimum wage based on regulations of Spain

Start paying back to the program

ISA Generic Terms

Contribution Cap

Contribution Rate

Eligible Income

Contribution Duration

Payment Frequency

Early Completion

Geographical Applicability

Suspension Conditions

FAQ (Frequently Asked Questions)