ISLs: Learn Now, Pay After You're Hired
Take a full-time bootcamp with no upfront cost.
With an Income Share Loan (ISL) made available through Stride Funding, you pay back your tuition in manageable monthly installments only once you’ve landed a job making $35,000 per year or more.*
Get StartedHow It Works
Income Share Loans (ISLs) made available through Stride Funding offer a flexible way to pay for your program.
Focus on Class, Not Cost
With an ISL, don't pay for your career training until after you've got a job making $35,000 per year!*
Manageable Payments
After you’ve reached the minimum income threshold ($35,000 per year), you’ll start paying back 10% percent (or less) of your monthly earned income for 36 months. Monthly payments stop early if your total payments ever reach 1.5x funded tuition.*
Bank on Yourself
Our support team + your career ambition = great success. Have confidence in your ability to graduate and break into a new in-demand field.
When will you start paying?
After you complete (or leave) the program and find a job paying at least $35,000 year and after the 3 month grace period after graduation.*
When will you stop paying?
When you've made 36 monthly payments or hit the 1.5x tuition payment cap.*
What might my payments look like?
To see your monthly payment amount, payment cap, and ISL percentage, please use this calculator.
Your ISA Terms*
Monthly Payments An affordable, fixed percentage that never changes
Payment Term Allowing you to save for the future and major milestones
No payments when you make less than this. Only pay when you have meaningful earnings.
Never pay back more than 1.5x funded tuition. We want to see you succeed, not penalize your success.
No payments for 3 months after graduation. Focus on getting a great job, not making payments.
Take Our Quiz!
Take our quiz to see how well you understand the terms & how an ISL works.
FAQs
*The effective Income Share Percentage (“ISP”) on your Income Share Loan (“ISL”) is a fixed percentage of your monthly gross-income and will range between 2.60% and 10.00%, for a period of 36 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 you borrow $9,850 at an ISP of 10.00%, and you are earning $35,000.00 gross-income per year ($2,916.67 per month), you will be required to make 36 monthly payments of $291.67 for total payments of $10,500.12.
For this example, your total monthly payments would end after 36 months even though you would not have reached the Maximum Implied Annual Percentage Rate of 21%, because you have reached your required number of Maximum Monthly Payments first, 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 loan has a maximum payment period (72 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.