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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 to have $2,500.00 to $50,000.00 per year (up to $5,000.00 to $100,000.00 total) of their remaining tuition repaid either directly by EssilorLuxottica Eye Care 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.
ApplyNote: 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. Loans issued by FinWise Bank are Personal Education Loans. You may obtain additional information concerning Federal student financial assistance from your school or by visiting www.studentaid.gov.
Completing this program application is not equivalent to submitting an application for funding⁵.
Stride Funding, FinWise Bank’s loans or EssilorLuxottica Eye Care are not endorsed by the school. EssilorLuxottica Eye Care, Stride Funding and FinWise Bank are not affiliated with the school. School staff, administrators and professors do not have any influence in the selection process and should not be contacted regarding the loan application.
How it Works
Review Your Repayment Options
The loan repayment benefit can apply to qualified and selected students’ federal loans and/or, any additional private education loans made available through Stride Funding.¹
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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 Eye Care and your future partnering with LensCrafters.
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Let EssilorLuxottica Eye Care Cover Your Tuition²
If you are qualified and selected by EssilorLuxottica, they'll agree to repay your last 1 to 2 academic years of your federal loan(s) and/or loan made available through Stride Funding¹ ($5,000-$100,000 total) during your employment, and you will launch your career as a licensed optometrist at a LensCrafters location after graduation!²,³
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Only Pay if You Leave Early
If accepted and approved, EssilorLuxottica Eye Care or the independent optometry practice sponsoring your loan will repay $5,000-$100,000 total of your federal loan(s) and/or loan made available through Stride Funding¹ over the course of 1.5 - 3 years of employment. EssilorLuxottica will repay your loan(s) per the terms of your sponsorship unless you do not begin employment because of failure to graduate, failure to become licensed, voluntarily leave employment, or termination for cause.²,⁴
See Additional Details*Who's Eligible
Apply for Sponsorship
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 receive information on how to sync your federal loans for repayment and/or be invited to complete a loan application made available through Stride Funding and agree to a credit check. Applications submitted through Stride Funding are originated by FinWise Bank.
View and complete your sponsorship 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. Loans issued by FinWise Bank are Personal Education Loans. You may obtain additional information concerning Federal student financial assistance from your school or by visiting www.federalstudentaid.ed.gov.
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 $50,001.00 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 9.00% interest rate is fixed at the time of application and does not change during the life of the loan. This repayment example uses the maximum loan amount for a student borrower in their junior year with a 120-month term, has a $50,000.00 loan that is disbursed in one (1) disbursement, 3-month grace period and does not work for EssilorLuxottica Eye Care for any period of time: 120 monthly payments of $747.39 while in the repayment period, for a total amount of payments of $89,686.80, and an 8.78% Annual Percentage Rate (“APR”). The interest on your student loan begins to accrue (grow) on the first day we disburse your loan funds to your school.
Note: The final monthly payment may be lower than what is shown above.
The 9.00% interest rate is fixed at the time of application and does not change during the life of the loan. This repayment example uses the maximum loan amount for a student borrower in their junior year with a 120-month term, has a $50,000.00 loan that is disbursed in one (1) disbursement, 3-month grace period chooses to defer their employment and loan payments for one year to pursue a residency program, and does not work for EssilorLuxottica Eye Care for any period of time: 120 monthly payments of $804.39 while in the repayment period, for a total amount of payments of $96,526.80, and an 8.59% Annual Percentage Rate (“APR”). The interest on your student loan begins to accrue (grow) on the first day we disburse your loan funds to your school.
Note: The final monthly payment may be lower than what is shown above.
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.
⁵ Stride Funding, FinWise Bank’s loans or EssilorLuxottica Eye Care are not endorsed by the school. EssilorLuxottica Eye Care, Stride Funding and FinWise Bank are not affiliated with the school. School staff, administrators and professors do not have any influence in the selection process and should not be contacted regarding the loan application.
Information valid as of 4/18/24.