Stride Funding has filed a notice of an exempt offering of securities to raise $10,149,999.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Stride Funding is raising up to $10,149,999.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Tess Michaels played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Stride Funding
Stride Funding offers an affordable, flexible, and supportive way to pay for your education with Income Share Agreements (ISAs). Income Share Agreements offer students an innovative alternative to traditional student loans. With an Income Share Agreement, you pay a small, fixed percentage of your future earned income over a 5 year term following graduation. We look at where you’re going, not where you’ve been, so rates are based on your expected earnings based on your program of study. Payments tied to income give students confidence that payments remain affordable, no matter their earnings. There is no accruing interest, no principal amount, and no hidden fees – all you pay is that small percentage of income over the 5 year term following graduation. ISAs are also considerably more flexible than traditional student loans, as borrowers never pay a dime if they make less than $40k/year. Because we only succeed when you do, were incentivized to help make your dreams a reality, which is why we provide career support and other membership benefits to each student we fund. Its time to rethink how you pay for school!.
To learn more about Stride Funding, visit http://www.stridefunding.com/
Contact:
Tess Michaels, President and Chief Executive Officer
214-775-9960
https://www.linkedin.com/in/tessmichaels/
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