Skip Navigation
Edvisors Star Logo
Edvisors Logo
  • Compare Lenders
      • Compare Lenders
      • Best Private Student Loans in February 2023
      • Student Loan Comparison: Federal Loans vs Private Loans
      • Parent PLUS Loans vs Private Student Loans
      • How Does Interest on Student Loans Work?
      • Private Student Loan Cosigner: Everything you Need to Know
      • View All Articles >
      College ave student loans apply now

      This is an advertisement.

      • Compare Lenders
      • Best Student Loan Refinance Companies for February 2023
      • Federal Student Loan Repayment Plans
      • Student Loan Forgiveness: How to Get Student Loans Forgiven
      • Repayment Plans for Private Student Loans
      • Parent PLUS Loan Forgiveness
      • View All Articles >
      refinance student loans with college ave get started

      This is an advertisement.

    • Private Student Loans
    • Refinance Student Loans
  • Plan for College
      • Is College Education Worth the Cost?
      • Most and Least Lucrative College Academic Majors
      • College Comparisons
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Measuring Academic Fit: Reach, Match and Safety Schools
      • Need-Blind Admissions
      • How Long is a College Essay
      • When are College Applications Due
      • How to Write a Good College Essay
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Filing the FAFSA 2023-24: A Simple Guide for Students
      • FAFSA Deadlines for 2023-2024
      • FAFSA FAQ - Your FAFSA Questions Answered
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Most Popular Scholarships for College Students in 2023
      • Apply for Free Scholarships for College
      • College Scholarships for Kids
      • Most Prestigious Undergraduate Scholarships
      • Las mejores becas para estudiantes hispanos y latinos
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • How to Pay for College
      • Tuition Payment Plans
      • Pros and Cons: Borrowing From My 401K to Pay for College
      • Paying College Tuition with a Credit Card
      • Best Ways to Pay for College Without Financial Aid
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Financial Aid Disbursement: When and How You Will Get It
      • Should I Pay Off My Student Loans Right Now
      • How to Minimize Student Loan Debt
      • View All Articles >
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

    • Benefits of College
    • College Admissions
    • FAFSA
    • Scholarships
    • Paying for College
    • Student LIFE Blog
  • Student Loans
      • Filing the FAFSA 2023-24: A Simple Guide for Students
      • FAFSA FAQ - Your FAFSA Questions Answered
      • FAFSA Deadlines for 2023-2024
      • FAFSA School Codes
      • FAFSA 2023-2024 Guide & Resources
      • View All Articles >
      College ave student loans apply now

      This is an advertisement.

      • Best Private Student Loans in February 2023
      • Student Loan Comparison: Federal Loans vs Private Loans
      • Parent PLUS Loans vs Private Student Loans
      • How Does Interest on Student Loans Work?
      • Private Student Loan Cosigner: Everything you Need to Know
      • View All Articles >
      College ave student loans apply now

      This is an advertisement.

      • Filing the FAFSA 2023-24: A Simple Guide for Students
      • FAFSA FAQ - Your FAFSA Questions Answered
      • The complete guide to federal undergraduate student loans
      • What are Federal Parent PLUS Loans and How to Apply?
      • Financial Aid for Graduate School
      • Compare Subsidized and Unsubsidized Student Loans
      • View All Articles >
      College ave student loans apply now

      This is an advertisement.

      • Best Student Loan Refinance Companies for February 2023
      • Federal Student Loan Repayment Plans
      • Student Loan Forgiveness: How to Get Student Loans Forgiven
      • Repayment Plans for Private Student Loans
      • Should You Refinance Federal Student Loans?
      • Parent PLUS Loan Forgiveness
      • View All Articles >
      • Sallie Mae Student Loan Review
      • College Ave Student Loan Review
      • SoFi Student Loan Review
      • Ascent Student Loan Review
      • View All Articles >
      College ave student loans apply now

      This is an advertisement.

    • FAFSA
    • Private Student Loans
    • Federal Student Loans
    • Repay Student Loans
    • Lender Reviews
  • Credit Cards
      • Petal® 2 Visa® Credit Card Review
      • SoFi Credit Card Review
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Best Credit Cards for 2023
      • Best Cash Back Credit Cards
      • Best 0% Introductory APR Credit Cards
      • Best Secured Credit Cards for 2023
      • Best Balance Transfer Credit Cards
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • How to Build Credit?
      • What Age Can You Get a Credit Card?
      • What is a Secured Credit Card?
      • What is an Unsecured Credit Card?
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

    • Card Reviews
    • Best Credit Cards
    • Credit Card FAQs
  • Money Management
      • Best Budgeting Apps
      • Budgeting Tips
      • Budgeting for Beginners
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • Financial Goals
      • How to Save Money as a College Student
      • What is an Emergency Fund
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • How to Pay Off Debt
      • Debt Relief
      • What is a Debt Management Plan
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • How to Check Your Credit Score
      • Best Credit Building Apps
      • What is Credit?
      Self Credit Builder: Build Credit. Build Savings. Build Dreams.

      Sponsored Ad

      • Investing for Beginners
      • Best Investment Apps
      • Understanding the Stock Market
      Win Scholarships - Join ScholarshipPoints.com

      This is an advertisement.

      • What is Risk Management
      • How to Prevent Identity Theft
      • What is Insurance
      Info compromised in a breach? Don't compromise on identity theft protection.

      Sponsored Ad

    • Budgeting
    • Saving
    • Debt Management
    • Credit
    • Investing
    • Risk Management
Search Box Form
School Search Form
Advertisement Disclosure
Advertisement Disclosure
×

Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

×
Get Your Free Guide to Filing the FAFSA Today!

Thank you for your interest in Edvisors' 2020-2021 Guide to Filing the FAFSA.

Please complete the form below to access your free copy.

Thank you! Click here to download your free FAFSA Guide.

I am a:

×
College knowledge starts here!

Enter your email below to receive your Student Loan Handbook from Edvisors.

Please check your email for the Student Loan Handbook.

After Navigation
Home Student Loans Lender Reviews Stride Funding Income Share Agreement Review
  • Contents
  • What is Stride Funding?
  • What is an Income Share Agreement (ISA)?
  • Qualifications for a Stride Funding ISA
  • Pros and Cons of ISAs
  • How to Apply for a Stride ISA
  • Repaying a Stride ISA
  • Stride Funding Customer Service
  • Is a Stride ISA Worth It?

Stride Funding Income Share Agreements Review

ARindfleisch
By Ainsley Rindfleisch
August 29, 2022
Email This Article
Fill out the form below to send a copy of this article to your email.
By clicking "Submit" I have read and agree to the Edvisors' Terms of Use and Privacy Policy. We strongly encourage you to read our Privacy Policy to understand how we use and share your information.
A copy of this article has been sent to your email.

What is Stride Funding?

Stride Funding’s philosophy is that education funding providers need to help students connect the cost and value of education. They believe through researching student outcomes they can help provide financing options that never require a co-signer or a minimum credit score. Stride Financing looks at where you are going rather than where you came from and uses that data to help them provide flexible income-based repayment.  No longer are traditional student loans the only way students can pay for college, but rather Stride offers Income Share Agreements (ISAs) to students as an alternative option to help pay for school when federal funds aren’t enough. Along with providing financial backing to continue education, Stride works with students to provide them with career resources alongside a like-minded network. 

Stride Funding believes that before taking out an ISA, you should complete the Free Application for Federal Student Aid (FAFSA®) and first take advantage of any federal student aid and loan options. Tess Michaels, the founder and CEO of Stride Funding shares that “we always advise students to take scholarships, grants, and subsidized federal loans first. We are an alternative to private loans and some unsubsidized federal loans.” 

Check This Out >>> Finding Your Path to Success: Tips from Tess Michaels, Founder and CEO of Stride Funding

What is an Income Share Agreement (ISA)?

An Income Share Agreement (ISA) is a contract that allows you to borrow the money you need to attend college by promising to repay a fixed percentage of your future Qualified Monthly Earned Income. Unlike federal financial aid or private loans, your repayment does not include an interest rate. ISA repayment is based on a fixed percentage of your salary upon graduation and securing employment, with Stride’s ISA capped at 2x the amount you borrowed. 

Learn More >>> A Comprehensive Guide to Income Share Agreements

Qualifications for a Stride Funding ISA

To qualify for a Stride ISA, you must

  • Be attending an accredited four-year Title IV college, university or Stride-partnered bootcamp at least half-time.
  • Be within two years of graduating calculated from your funding date and 24 months until your graduation.
  • Be enrolled as an undergraduate student in your last two years before graduation, a graduate student, or a doctorate student.
  • Be accepted in a program that meets the outcome-driven eligibility criteria set out by Stride Funding.
  • Be a resident or attend school is one of the states Stride serves. Stride ISAs are available for all U.S. states except Alabama, Colorado, Iowa, South Carolina, and Washington. 
  • Be a U.S. citizen or a permanent resident attending school in the U.S. 
  • Have a current GPA of 2.9 or higher. 

Pros and Cons of ISAs

 

Pros Cons
Stride's repayment term is set for 5-10 years. If you earn a high wage during your payment period, you may end up paying back up to double what you borrowed.
No co-signer or minimum credit score is required. If you choose to continue with your application after you have been pre-approved, you will have to have a hard credit check.
Stride offers unemployment and military deferment. Contact Stride for more information regarding these options. You may not be able to refinance your ISA as it is not considered a loan.
If your income is less than $30,000/year ($2,500/month), you are not required to pay back your loan during that time. (Economic forbearance is available for up to 6 months and no more than 3 consecutive months.) Any time you are below the income threshold, or under an approved forbearance, time may be added to the end of your maximum payment period (but regardless of added time, your maximum payment period will never exceed 10 years).
You can borrow between $2,500 and $25,000 each school years. There is a lifetime maximum of $50,000 Stride will allow you to borrow.
ISAs have a shorter maximum payment period than traditional student loan repayment terms. You can pay back a Stride Funding ISA early by meeting the Stride payment cap of twice the amount you borrowed. (You will never pay more than two times the amount of your IS agreement.)
Automatic payments are available to help prevent late payments. Late fees are $10 if your payment is more than 10 days late.

How to Apply for a Stride ISA

When it comes to Stride’s ISA, you can quickly apply through their website. You will be asked a few questions about yourself, your school and your program, a process which takes under a minute according to Stride. 

If you qualify, you’ll instantly receive a quote and be eligible for a Stride ISA. If you want to accept the terms presented, you will have to finish your application.

You will have to provide answers to detailed questions about your school, intended graduation date, personal information such as your contact info, a personal reference contact, social security number, your program information, expected earning, and unofficial copies of your transcript. 

Once you accept the rate and terms of your ISA, it will be disbursed by your school.

Read about Financial Aid Disbursement to learn more!

Repaying a Stride ISA

As you are applying for a Stride ISA, the eligibility portal allows you to compare your ISA to a private student loan. Take a look at the U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook by the to understand your potential earnings based on your employment of choice. When entering into an ISA, be aware of what kind of monthly repayment amount you can expect with regards to your future salary. Stride’s repayment model has you paying off your ISA in five years as opposed to the 10 or more years with a traditional student loan. 

Stride Funding Customer Service

Stride Funding says it desires to give students access to “both an affordable education” as well as the “soft skills necessary to navigate their future,” by not only offering financial help, but by also ongoing support with the Stride Career Support portal. It gives Stride students job preparation and job search materials. They seek to be a “lifetime career and financial wellbeing support for students.” 

Is a Stride ISA Worth It?

Before applying for any ISA, you should take advantage of all scholarships and grants available to help lower your total cost of attendance. Next, look at what family contributions or other financial resources you may have access to. Then, complete your FAFSA and exhaust all your federal student loan options. You should also complete your research and compare your other options, such as private student loans to ensure you find the best (and smartest) financial decision for you, both now and for your future. 

Stride says it will never run an ISA with an income share percentage greater than 15%, which may be higher than the interest on a private student loan. If you are unable to cover the cost of attendance with federal student loans, carefully read and understand the terms of any loan or funding agreements you may be looking into. 

 
Get this article in your inbox.
Email This Article

Related Content

Student Loans Without a Cosigner
By Penny Redlin
02/17/2021
Students who do not have a cosigner are still eligible for student loans. Options include federal student loans, as well as some private lenders if you qualify. Learn more.
Read More
Private Student Loan Interest Rates
By Edvisors Network
03/04/2021
Find current private student loan interest rates and compare to federal student loan interest rates to find the loan that is right for you.
Read More
Federal vs Private Student Loans: A Comparison
By Edvisors Network
Compare your student loan options easily with our comparison tables. Understand the benefits of Direct subsidized and unsubsidized loans, PLUS loans, and private student loans.
Read More
Student Loans Without a Cosigner
By Penny Redlin
02/17/2021
Students who do not have a cosigner are still eligible for student loans. Options include federal student loans, as well as some private lenders if you qualify. Learn more.
Read More
Private Student Loan Interest Rates
By Edvisors Network
03/04/2021
Find current private student loan interest rates and compare to federal student loan interest rates to find the loan that is right for you.
Read More
Federal vs Private Student Loans: A Comparison
By Edvisors Network
Compare your student loan options easily with our comparison tables. Understand the benefits of Direct subsidized and unsubsidized loans, PLUS loans, and private student loans.
Read More
Could You Be Saving More?
Subscribe to Edvisors' Student LIFE Newsletter to receive up-to-date financial aid information and advice, explore scholarship opportunities, loan repayment options, and learn expert strategies on how to plan and pay for college.
Newsletter Form
By clicking "Subscribe" I have read and agree to the Edvisors' Terms of Use and Privacy Policy. We strongly encourage you to read our Privacy Policy to understand how we use and share your information.
Thank you for subscribing to our newsletter.
We care about your privacy

This website uses cookies to offer you the most relevant marketing and targeted advertisements.  These cookies can collect information to personalize your experience and in some states are considered a sale of your personal information. You may exercise your right to opt out by clicking on deny cookies.  If you opt out, we or our partners will not be able to provide you with personalized ads and we will not provide your personal information to any third parties.   Please accept cookies for the optimal experience.  You can withdraw or modify your consent for non-essential cookies at any time by visiting Cookie Preference page.

Ask the Edvisor
Blog
Contact Us
Edvisors in the News
Link to Us
Newsletter
Partners
Press
Student Aid FAQ
Testimonials
Tools and Calculators
About Edvisors
Video Resources
Financial Terms Glossary
Accessibility Statement
Sitemap
Disclaimer
Notice of Collection
Interest-Based Ads
Cookie Settings
Privacy
Terms of Use
Your Opt-out Rights
Your Privacy Choices Privacy Options

Better Business Bureau logo

Edvisors provides expert advice on planning and paying for college. On Edvisors.com easily compare student loan lenders, learn how to apply for financial aid, and discover scholarships. Learn about federal and private student loans for students and parents, how and when to apply to college, and more!

Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

Copyright © 1998-2023 by Edvisors Network, Inc. All rights reserved.

All other trademarks and service marks displayed on Edvisors Network, Inc. websites are the property of their respective owners.

Edvisors Network, Inc. 350 S. Rampart Blvd, Suite 200, Las Vegas, NV 89145

Copyright © 2023 by Edvisors.com. All rights reserved.

×
You Got In - Now How Do You Pay for It?

Get the money you need from leading lenders

1 Pick Your College
2 View Your Options
3 Click to Apply
Exit Modal

PrivateStudentLoans.com recommends you consider all financial aid alternatives including grants, scholarships and federal loans (Federal Stafford, Federal Parent PLUS, Federal Grad PLUS) prior to applying for private student loans.