The Ideal School Funding Option for STEM Students
Imagine a world where you’re not penalized for taking an extra year to pay off your loans. Imagine a world where the company that helped you pay for your education works with you to ensure your success - because it benefits them too. Imagine taking out money for school and entering a community of people who care about you. We have good news for you: with a Stride Funding ISA you can stop imagining!
Income Share Agreements, Explained
An Income Share Agreement, or an ISA, is an agreement where a student receives upfront funding for tuition and, in return, agrees to pay a percentage of their income for a set number of payments. It's a form of education funding that puts students and their funders on the same side. It also ensures students can better afford their payments by basing them on a percentage of income rather than a fixed payment amount.
ISAs in STEM Fields
There is a student loan debt crisis in the United States today, and the current student loan options are leaving students drowning in debt. Enter Stride Funding. Working specifically with students in STEM fields looking for funding for graduate programs, Stride’s ISAs provide students with the flexibility and agency over their lives that traditional student loans can’t match.
With an Income Share Agreement, students retain agency over their own lives. There is no looming interest rate preventing them from making a decision to take time off work, to focus on their families, or to go back to school after they graduate from their current program. Instead, knowing payments are based on a small percent of income, students have the freedom to decide what is best for their future. Paying for your education shouldn’t dictate your entire post-graduate life and every decision you make. To us, it’s as simple as that.
Aligned Interests, Without Interest Payments
It goes beyond the flexibility. Because ISA payments are typically a small percentage of a student’s future income, Stride is directly incentivized to help the student succeed. We have a stake in it - by giving a student an ISA, we are investing in their future. To see a return on our investment, we do everything in our power to help the student in the job market when they are about to graduate, and throughout their careers.