You pay us, when it pays off.
The fancy term is an Income Share Agreement. Here’s how it works.
Fund your future, without the worry
With payments adjusted to your income and only five years of repayment,* your financial future is lookin’ good.
Get out of debt faster
With shorter repayment terms and maximum caps on how much you’ll pay us back.
Take a job that inspires you
Not just the one that pays the most.
Build your savings
Knowing that payments will adjust with your earnings.
Paying for school shouldn’t weigh you down.
No application fees.
Only pay us when you earn.
Stride Funding changed the course of my life. I struggled to get access to affordable funding to go to school without a cosigner, but Stride believed in my potential and funded my education.
I chose Stride because I wanted to feel like the company helping me pay for school was truly investing in me. I truly feel like the individuals on the team believe in me and my future, and want to help me achieve my goals.
The opportunity to do an ISA was appealing to me for a few reasons. It offered the ability to broaden my network outside of strictly my alumni network. You don’t get that support from any other lending company.
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More than 140 schools & programs supported
100+ degrees & concentrations supported
Over $150M in available funds
Common questions about Income Share Agreements through Stride Funding
*The effective Income Share Percentage (“ISP”) on your Income Share Agreement (“ISA”) is a fixed percentage of your monthly gross-income and will range between 1% and 15%, for a period of 60 months after the beginning of your payment term.
Monthly payments are required and will vary greatly in amount because they depend on your specific ISP and your reported monthly gross-income. Monthly repayment amount is based on your designated ISP and monthly gross-income, not an Annual Percentage Rate (“APR”); the APR you actually pay will be dependent on your actual ISP and gross-income for the entire duration of the loan repayment period. For example, assuming 21 months until graduation plus 3 months grace period, if you borrow $10,000.00 at an ISP of 15% (highest possible ISP), and you are earning $60,000.00 gross-income per year, you will be required to make 24 monthly payments of $750.00 for total monthly payments of $17,700.50. For this example, your total monthly payments would end after 24 months because you would have reached the Maximum Implied Annual Percentage Rate of 21% assuming that you have no deferrals or other pauses to your payments. You may repay more or less than the amount you received, depending on your specific circumstances. Your ISA has a maximum payment period (120 months) inclusive of any months where monthly payments are made as well as any months that are deferred months after you leave or graduate from your program.
**There is no credit check required to receive a quote. If you choose to submit an application for funding, a hard credit pull will be performed at that time. There is no minimum FICO score, and your credit score or history isn't the main thing that decides your approval or denial, but your credit will be checked.