Program AreaEducation, Poverty Alleviation & Economic Development
Location of ImpactUnited States
Headquarters LocationNew York City, New York, United States
Budget$0 to $500,000
Founder DemographicsFemale, Racial or Ethnicity Minority
“Pay Your Tuition” is a financial technology platform that helps families over the last hurdle. The cost and difficulty in obtaining funds for college has increased dramatically, creating a funding gap ($10k/yr. avg.). Our innovative business model combines predictive lending with alternative data, crowdfunding with traditional bank funding and direct balance-sheet lending. We facilitate access to private student loans for the underserved community and allow lenders to profitably broaden their market with an opportunity to tap into a new asset class. In addition to sourcing and qualifying students for loans by partner banks. We are a product that will eliminate some of the student loan debt for low-income communities called the "loanership". Its the Pay for success student loan that is forgiven like a scholarship once the student has met all of the required tasks. Its the first loan that keeps on giving. We solve starting salary gaps and create positive consumer behavior.