College 101
ISAs Demystified: 9 Facts about Income Share Agreements Article Type: Top 10
The ISA was the brainchild of Milton Friedman, who proposed a method of selling personal stock.
To be brief, ISA = being paid money upfront for offering a share of your future earnings to investors (source).
In most cases, the money for an ISA will go toward a student's education. But if we'd known about this concept earlier, we would have charged our entire childhood against our earning potential.