We create opportunity by removing financial stress. Leif invests in you by providing free education until you are hired.
Deciding to pursue further education is exciting, but it can also be a stressful experience. You may feel burdened by the prospect of taking on excessive student debt or unsure how to manage jobs while studying. Leif removes these barriers to education and creates the opportunity for you to succeed in the pursuit of your education. Through an Income Share Agreement (ISA), you do not pay tuition until you land a well-paying job.
Unlike traditional student loans, ISAs align the incentives of your school with your success. The biggest advantage of financing your education with an ISA is that the payments adjust to what you can afford based on your income. If you fall on hard times and lose your job, you pay nothing; no more fear of default.
Students typically had three ways of funding their education: paying out-of-pocket, scholarships, or debt that often comes with high risks of default.
Leif utilizes an innovative way to fund your education, called an Income Share Agreement. An ISA is a contract between you and your school and is much easier to obtain than a traditional student loan. You simply agree to pay a small percentage of your future income for a fixed period of time with a predetermined cap. Plain and simple.
1. Find a partner school
2. Apply for your ISA online in minutes
3. Leif works with your school to ensure that 100% of your tuition costs are covered
4. Go to school
5. When you land a job paying $40k or more, you pay 10% of your income for 3 years*
6. Enjoy a brighter future
*Specific terms for individual schools may vary
Fair Payment Start
Traditional loans typically commence payments shortly after graduation, regardless of employment status or how much money you make. An ISA only requires payments when you are employed and making above a certain amount. If you are unemployed or not earning enough, you pay nothing.
Traditional loans accrue interest over time which can greatly increase the total amount you are required to pay. An ISA has no interest.
No Cosigner Required
Traditional loans frequently require a cosigner to guarantee repayment depending on your credit history. An ISA does not require a cosigner. We believe in your ability to succeed on your own.
Traditional loans charge dramatically different rates based on your credit history. An ISA for your program always has the same terms.
No Fee Model
We don't believe in fees. We strive to be transparent and upfront.