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EssilorLuxottica Eye Care Financial Freedom Employer Sponsored Loan Program

EssilorLuxottica Eye Care is pleased to share the Financial Freedom Program, open to current second- and third-year optometry students.

Qualified students* will have the opportunity for $2,500.00 to $50,000.00 per year (up to $5,000.00 to $100,000.00 total) of their remaining tuition to be fully funded upfront through our partnership with Stride Funding¹, and repaid either directly by EssilorLuxottica or through arrangements with independent optometry practices that operate within its retail stores—and launch their careers at a LensCrafters location upon graduation.²

Beginning your career at a LensCrafters retail location provides the chance for you to connect with patients, grow your optometry skillset, and utilize the latest in optometry technology, including LensCrafters’ proprietary CONNECT platform. You will gain experience by helping to support your practice and care for your patients, all while building your future with a top partner in the optometric industry.

Scroll to learn more, or click the link to begin your application.

Apply

Note: Completing this program application is not equivalent to submitting an application for funding.

How it Works

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Complete Leonardo Lessons

Complete four educational Lessons on “Leonardo,” the EssilorLuxottica educational platform. These lessons will provide you an overview and introduction to EssilorLuxottica and your future partnering with LensCrafters.

Get Started Now
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Let EssilorLuxottica Eye Care Cover Your Tuition²

If you are qualified and approved, while you focus on your degree, Stride Funding will facilitate a loan¹,²,⁴ to cover up to $50,000 per year ($100,000 total) of your final one to two years' tuition. Upon graduation, you will launch your career as a licensed optometrist at a LensCrafters location.

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Only Pay if You Leave Early

EssilorLuxottica Eye Care or the independent optometry practice sponsoring your loan will repay the full balance of your loan made available through Stride Funding¹ over the course of up to three years of employment, during your employment. EssilorLuxottica will repay your eligible loans through Stride Funding¹ unless you do not begin employment because of failure to graduate, failure to become licensed, voluntarily leave employment, or termination for cause.²,

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*Who's Eligible

To be eligible for the EssilorLuxottica Financial Freedom Program, you must meet the following criteria:​

  • ​2024/2025 second or third year full-time student, enrolled in a Doctorate of Optometry (O.D.) program
  • Within two years of graduation
  • In good academic standing with a Grade Point Average of at least 2.9
  • United States Citizen, Permanent Resident, or with residency under DACA or TPS (Temporary Protected Status) programs. *Note you must have a Social Security Number to apply
  • Attending an eligible college or university in the United States
  • Not attending school in or residing in the state of Colorado
  • Have completed any required pre-training work as may be required by your school
  • Able to provide a verifiable physical domestic (US) address (PO Boxes are not acceptable)
  • Meet the FinWise Bank underwriting and other loan requirements.

Apply to the Program

To apply for the EssilorLuxottica Financial Freedom Program, you will need to complete the following:

  • ​​Upload your Leonardo Learning Passport*
  • Select your preferred States or Regions for future employment**
  • Upload an official copy of your most recent Transcript
  • Complete an interview with the EssilorLuxottica Eye Care Financial Freedom Employer Sponsored Loan Program Committee

Program selection is not determined by Stride Funding or FinWise Bank. For approval, you must complete each of the above requirements and be formally selected into the program. If selected, you will complete a loan application through Stride Funding and agree to a credit check. Applications submitted through Stride Funding are originated by FinWise Bank.

View and complete your program application at the link below.

Apply

*To begin the program application process, you will need to Register for a new Leonardo Account using your personal email and complete the four Leonardo Lessons to obtain your Leonardo Learning Passport If you have not done so, click here to begin now. Here are step by step instructions on how to register for a new Leonardo account.

**Exact locations will be shared three months prior to graduation.

Additional Application & Program Details

¹ Loans will be issued by FinWise Bank, a Utah-chartered bank, Member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

² EssilorLuxottica Eye Care or one of the independent optometry practices that operates within LensCrafters will pay $2,500.00 to $50,000.00 of funding for 1.5 years worked for the employer or $5,000.00 to $100,000.00 of funding for 3 years worked for the employer. In case of voluntary employment termination or termination for cause, students will pay the remaining outstanding amount. Students are personally responsible for the financial obligations under the loan agreement. Any agreement between student and employer sponsor is entirely separate from the loan obligation and will not in any way offset student’s obligations to FinWise unless payments are made by student or any other party on student’s behalf.

³ The Annual Percentage Rate (APR) is fixed at the time of application and does not change during the life of the loan. This is a 9% fixed interest rate loan.

This repayment example uses typical loan terms for a student borrower in their junior year with a 120-month repayment term, has a $89,496 loan that is disbursed in two (2) disbursements and a 9% fixed Annual Percentage Rate (“APR”) and does not work for EssilorLuxottica Eye Care or one of the independent optometry practices that operates within LensCrafters for any period of time: 120 monthly payments of $1,248 while in the repayment period, for a total amount of payments of $149,706. The Interest on your student loan begins to accrue (grow) on the first day we disburse your loan funds to your school.

This repayment example uses typical loan terms for a student borrower in their junior year with a 120-month repayment term, has a $89,496 loan that is disbursed in two (2) disbursements and a 9% fixed Annual Percentage Rate (“APR”), chooses to defer their employment and loan payments for one year to pursue a residency program, and does not work for EssilorLuxottica Eye Care or one of the independent optometry practices that operates within Lenscrafters for any period of time: 120 monthly payments of $1,419.99 while in the repayment period, for a total amount of payments of $170,398.73. The Interest on your student loan begins to accrue (grow) on the first day we disburse your loan funds to your school. Note: The number of months until graduation used to estimate the payment schedule above may not be applicable to you.

⁴ You may be subject to income tax for some or all of the loan payments made by EssilorLuxottica Eye Care or one of the independent optometry practices that operates within LensCrafters on your behalf. You should consult with a tax professional if you have any questions regarding tax consequences of the EssilorLuxottica Eye Care Financial Freedom Program.

Information valid as of 1/26/24.

Have more questions?

Reach out to scholars@stridefunding.com to learn more.

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