We empower schools to fundamentally change their relationship with students from being just an education provider to a success partner by providing innovative solutionslearn more
Let's say Alex needs $20,000 to go to grad school for pursuing his masters in Data Science. He thought about student loans but doesn't feel comfortable being tied to fixed payments after graduation. He comes across Scholarly Science and finds that their ISAs are a unique and innovative way to finance his education. He's not hampered by his family's credit score, the payments are flexible, and he knows he'll get the support.learn more
Scholarly Science funds the $20,000 he needs for tuition.Once he graduates and start earning he begins paying back a percentage of what he earns in the return for the funds he received for his tution for a specified duration. Because his payments are based on a percentage and not a fixed amount, he knows he'll be able to afford his payments.His monthly payment is tied to his income,so he only pays what he can afford to pay.If he lose his job and have no income,then his payments pause with no interest.It's that simplelearn more
It's important to note that ISA percentages and term lengths are unique to each student. To see an estimate of what your Income Share Agreement might look like,schedule a call with one of our student representativeslearn more
In 2016, Purdue University became the first major higher education institution to offer an income share agreement program when Purdue Research Foundation launched Back a Boiler. Vemo Education is a valuable partner with PRF when it comes to the design, implementation, and servicing of Back a Boiler.
We know that finance is the big thing-they want to take out debt so instead of staying in school and finishing they stop and work because they don't want to take out loans
We have scholarships available but if that wasn't enough