Question 1

Verify your bank account

Accepted Answer

We are partnered with Plaid to enable you to verify and connect your bank account to our platform by using your bank login credentials. Plaid supports the majority of banking institutions in the U.S..

When you’re trying to use Plaid to connect your banking institution to the Blair platform, there are a number of reasons why you may not be able to do so. We have summarized potential errors you may run into and how to resolve them:

Username or password incorrect

If you are told by Plaid that you entered incorrect credentials, please try again with the following steps:

${color}#fc5c66 Ensure that you have selected the correct banking institution ${color}#fc5c66 Confirm that the credentials entered are correct by logging into your banking institution's account using the same set of credentials. Ideally, do so from a secure web browser and not via a mobile app. ${color}#fc5c66 Enter your credentials on Plaid again, remember that extra spaces, capitalization, and punctuation errors are common causes of invalid credentials ${color}#fc5c66 Check your banking institution's website and account for special settings to allow access for third-party apps, such as a "third party application password" or "allow third party access" setting. Also, check whether you are presented with some form of agreement page, modal, or some other actionable task

Question 2

What is an ISA?

Accepted Answer

What is an Income Share Agreement?

An Income Share Agreement (ISA) is a contractual agreement between you and your school which enables you to attend the educational program without paying up front tuition. In exchange, you will repay a fixed percentage of your income for a fixed period of time.

| While ISAs for different schools might differ in numerical values for their most important terms, the functionality of those remains constant for all

${color}#fc5c66 Income Share Rate: Describes the % of gross income you pay back during the repayment period. The income share rate is fixed and will stay constant during the lifetime of your ISA.

${color}#fc5c66 Repayment Period: Describes the duration under which you repay a percentage of their income. Most ISAs have a duration between 12-48 months.

${color}#fc5c66 Repayment Cap: Is the maximum amount you can repay under the ISA. Usually the repayment cap is a 1x-2.5x multiplier of the base tuition.

${color}#fc5c66 Salary Floor: Describes the threshold your income has to exceed to start their repayments. The floor can vary per program but will stay constant over the lifetime of the ISA.

Question 3

When is my ISA concluded?

Accepted Answer

ISA repayments adjust to your income development, therefore ISAs can be satisfied at different points in time.

Your ISA is completed if one of the following things has happened:

${color}#fc5c66 You have completed all monthly payments

${color}#fc5c66 Payments have reached the Repayment Cap

${color}#fc5c66 You have accumulated the maximum of deferment and repayment months

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