An IBR (income-based repayment loan) or ISL (income-share loan) are both income-based repayment options. We offer income-based repayment agreements as an alternative to upfront program payments in order to make Pathrise accessible and align incentives.
There is no upfront payment required to enroll in Pathrise. After taking out the initial loan amount, you’re enrolled in Pathrise and you won’t make payments until you get paid from your new job. Once hired, you start paying back a small percentage of your income towards your loan, for a limited time, as you earn it.
Upon starting our 2 week free trial, we will pre-qualify you for financing to help find the best repayment option for you.
The first two weeks are free, and you can withdraw at any point in time with no strings attached. See what our program has to offer before making a commitment.
If you don’t receive a qualifying offer before your Pathrise end-date, your loan is paid off with the servicer and your contract is canceled.
Income based-repayment loan agreements are used by top universities, bootcamps and employers to provide outcomes-based funding.
Pathrise adds a payment cap, minimum qualifying income, a free trial and a placement guarantee to help put our fellows first.