Award-winning fintech emerges as main participant in student-centric financing, offering entry to scalable capital and versatile compensation constructions for college students and colleges
BOSTON, June 28, 2022 /PRNewswire/ — Stride Funding, Inc. (Stride), introduced immediately the addition of 15 new colleges to its end-to-end financing platform, creating outcomes-based funding entry for greater than 5,000 further college students throughout the nation.
Stride is partnering with mission-driven universities like PA Faculty of Well being Sciences, Level Loma Nazarene College, Shenandoah College, and Level College and top-tier bootcamps like Impress, Upright Schooling, Academy Pittsburgh, Tech Elevator, and extra. This progress comes on the heels of a $105 million senior credit score facility from Encina Lender Finance and different main credit score buyers. Greater than 5,000 new college students shall be becoming a member of Stride’s award-winning platform via these faculty partnerships, and Stride’s ongoing entry to influence capital and low-cost credit score services will allow the mission-driven firm to help hundreds extra college students throughout prime quality schooling and coaching suppliers in 2022 and 2023.
“We vetted many different gamers within the area, and Stride was by far essentially the most rigorous when it got here to compliance and student-centricity,” stated Breanne Zipko, Director of Pupil Monetary Providers at PA Faculty of Well being Sciences. “Outcomes-driven funding options like Revenue Share Agreements (ISAs) drive entry and alternative, and Stride ensures a seamless utility and disbursement course of for each PA Faculty of Well being Sciences and our college students. We’re thrilled to associate with a supplier that places college students first.”
Stride’s mission is to speed up pathways to nice careers for learners of all backgrounds by growing entry to schooling for these beforehand locked out by conventional lending choices. Its outcomes-based financing options present college students with draw back safety, inexpensive charges, and wrap-around help. Stride is shortly rising as a pacesetter within the area, identified for its student-centricity and rigorous adherence to compliance.
“Our workforce was impressed with Stride’s dedication and their prioritization of transparency and compliance within the servicing of our income-contingent financing merchandise,” stated Christopher Barnett, Affiliate Common Counsel at Impress. “We anticipate our partnership will amplify Impress’s influence and make our applications and outcomes extra accessible than ever earlier than.”
Gina, a Stride ISA member and up to date nursing faculty graduate, stated that with funding from Stride, she was capable of obtain an unbelievable milestone in her profession—beginning her nursing journey on the similar new child intensive care unit the place she was as soon as a affected person. “Stride Funding contributed to an enormous portion of me going to nursing faculty and pursuing my goals and targets. My program was actually costly, and Stride helped me to discover a method to ensure I did not miss a single second of faculty as a consequence of value,” she stated.
Universities and bootcamps focused on partnering to enhance monetary and profession entry for college students of all backgrounds can contact [email protected], or go to stridefunding.com/universities and stridefunding.com/bootcamps, to study extra.
Stride Funding, Inc. is a mission-driven firm that helps college students hit their stride–with versatile instructional funding. In contrast to loans that lock college students into inflexible compensation constructions, Stride gives inexpensive repayments with revenue safety. The corporate has been acknowledged as a visionary chief by FinTech analysts for its modern funding preparations and dedication to profession help. Stride’s government workforce consists of professionals with experiences throughout Sallie Mae, JP Morgan Chase, Nationwide Basis for Credit score Counseling (NFCC), Goldman Sachs, Uber, and Liberty Mutual. GSV Ventures, Gradual Ventures, Strada Schooling, Juvo Ventures, Firework Ventures, and Flybridge amongst others have participated in earlier funding rounds. Study extra at stridefunding.com.
SOURCE Stride Funding