Poets&Quants wrote about Stride Founder and CEO Tess Michael's endeavor to lower the cost of grad school and change the way people think about education financing through Income Share Agreements
Changing Lives for the Better
Stride, in fact, has the potential to change thousands of students’ post-MBA lives for the better. It offers “a friendlier form of student financing” that “puts students and their funders on the same page” — funding student debt to $25,000 (and sometimes more) with income share agreements spread over five to 10 years, a much shorter repayment schedule than banks typically offer. Stride arranges payments based on student income, so MBAs don’t have to pay more than they can afford.
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