mentorworks.comIncome Share Agreement Provider & ISA Student Financing Options |

Income Share Agreement Provider & ISA Student Financing Options | MentorWorks About Blog FAQs Press Login TAP Career Coaching TAP for ISA Recipients ISA Account Login APPLY FOR AN ISA For Students How We Help Students Income Share Agreements Schools with ISA Funding Online Career Coaching Signup Free Financial Literacy Course For Schools What We Do for Schools TAP Career Platform for Students Impact and Economic Mobility Report For Employers For Investors Select Page Dreams Are Free. Schools Are Expensive. And Aid is Different than Support. WE FUND STUDENTS + EDUCATION. WE INVEST IN PEOPLE + OUTCOMES. MentorWorks opens pathways to education and careers for students and candidates who may not have had the financial or social capital to do it on their own. STUDENT ISA FUNDING Income Share Agreement Program ONLINE CAREER COACHING Talent Accelerator Platform (TAP) SCHOOL PARTNERSHIPS Prospective Student Connector HIRING PARTNERSHIPS Diverse Talent Referral Initiative ABOUT MENTORWORKS Our Mission + Our People MentorWorks Education Capital, Inc. is a Community Development Financial Institution (CDFI), certified by the U.S. Department of the Treasury. WHO WE ARE + WHAT WE DO MentorWorks Education Capital, Inc. is a Fintech venture that provides income-based financing to students in higher education, advanced certificate, and professional training programs through Income Share Agreements , or ISAs. Our mission is to make quality education affordable and employment available to all students, regardless of background, and to help them develop the most fruitful career pathways. To that end, we not only provide student loan alternatives but also career support and access to jobs through our proprietary Talent Accelerator Platform (TAP). Launched in 2016, MentorWorks is among the founding members of the ISA industry in the U.S. and has methodically built infrastructure and partnerships with a particular focus on regulatory compliance and social impact. MentorWorks has created the first and only holistic ecosystem, offering ISAs to well qualified students, support and mentorship to improve graduation and job placement outcomes, while also partnering with employers to recruit directly from our talent pool. MentorWorks is certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI). MENTORWORKS FUND + SUPPORT MODEL  Who We Fund + Support College seniors Continuing education students Graduate program students Bootcamp, professional or trade certificate enrollees Aspiring career-changers Experienced professionals facing unemployment  How We Help Candidates Talent Accelerator Platform (TAP) – comprehensive, personalized job search & career coaching program MW Labs Experience – experiential learning opportunities to propose solutions to hiring employers Employer Engagement – live virtual events with employers, mentoring sessions and practice interviews  Why We’re Qualified Our leadership and senior management team members have an average of 25+ years of experience. Among us are tenured professors and operations executives from top-ranked universities as well as VPs and senior directors of marketing, technology, and operations from successful tech startups, Fortune 500 companies and Wall Street financial firms. ABOUT MENTORWORKS’ INCOME SHARE AGREEMENT (ISA) PROGRAM The Student Loan Alternative with Social Impact WHAT IS AN ISA? Income Share Agreements (ISAs) are a flexible alternative to traditional fixed payment installment loans. Basically, students pay a percentage of their future income for a set period of time, up to a maximum cap, without accruing interest. Unlike a loan, students do not pay until they find a job and reach the minimum income threshold. The payments adjust according to the level of the students income providing downside protections for the student. ISAs may be issued by Blue Ridge Bank, N.A. STUDENTS WE’VE HELPED Through the incredible teaching of the Stack Education team and MentorWorks TAP, I was able to not only develop new skills, but I found a career that I can be passionate about.” Andrea Walsh Bynder Stack Education is an incredible asset in advancing your skillset for the modern economy. And MentorWorks’ Talent Accelerator Platform has provided me with tangible, relevant technical and soft skills that I can use throughout my career as a technology professional.” Dawdu Mahama Amantanah Crayon HOW PAYMENT WORKS Students do not pay until they find a job and reach the minimum income threshold The payments adjust according to levels of the students income Monthly payments are calculated by applying the income share rate to the total monthly earned income ISA obligations can be ended earlier by making early payments as listed in the early payment schedule ISA vs. STUDENT LOAN COMPARISON Income Share Agreements VS. PLUS/Private Loans Interest does not accrue or capitalize. Interest accrues and capitalizes. Your credit score does not affect the terms of your ISA. Your credit score may affect the terms of your loan and could impact your eligibility. Monthly payments are based on a percentage of your income. You pay a fixed amount each month, regardless of your income. Payments do not start until you make above the minimum salary level in your ISA contract. You make payments, even if you are not making an income. You only make ISA payments within a specific timeframe, usually 5-7 years. After that your obligation is over. Loan payment term can extend indefinitely until you pay off the principal and interest. You know the maximum amount you will pay, no matter what. Interest is capitalized, so the final payoff amount can increase over the life of the loan if you do not make minimum monthly payments. STUDENTS FUNDED BY MENTORWORKS HAVE A PROVEN TRACK RECORD OF SUCCESS (Metrics below are for 2017-2020) Note: Income Share Agreements may be issued by Blue Ridge Bank, N.A. LEARN MORE + APPLY ONLINE CAREER COACHING The Talent Accelerator Platform (TAP) for Job Search + Career Success TALENT ACCELERATOR PLATFORM (TAP) Virtual Job Search Prep Course for Finding Success Design a Career Strategy Create ATS Optimized Resumes Write Professional Cover Letters Use LinkedIn Networking for Jobs Prepare for Any Interview Learn How to Negotiate Offers SIGN UP NOW  WHAT TAP COVERS The MentorWorks Talent Accelerator Platform (TAP), is a comprehensive six (6) lesson career-enhancement framework specifically built with job-seekers of all levels in mind. We provide definitive guidance in professional skill building and key insights into employment factors that make for successful job searches.  WHO TAP HELPS College seniors Continuing education students Graduate program students Bootcamp, professional or trade certificate enrollees Aspiring career-changers Experienced professionals facing unemployment  WHY TAP WORKS The TAP curriculum was developed by career services professionals who have worked closely with thousands of students, employers and recruiters throughout their careers. Our team knows what recruiters, HR and hiring managers want and have partnerships with employers like Liberty Mutual, Wayfair and many more. MENTORWORKS SUPPORTS DIVERSITY + INCLUSION SIGN UP NOW SCHOOL PARTNERSHIPS Prospective Student Connector for Enrollment + Diversity MentorWorks Education Capital, Inc. partners with a wide array of schools to provide students funding for education via Income Share Agreements (ISAs) an income-driven alternative to traditional fixed payment installment loans. We also help drive enrollment by identifying individuals interested in further education who have signed up for online career coaching through our Talent Accelerator Platform (TAP). How MentorWorks Drives Leads and Enrollment 1 We help generate targeted leads for schools utilizing our proprietary Talent Accelerator Program (TAP) for online career coaching. TAP is open to any student . Students join the program for direction about their career...