Stride Funding summary
- Make payments only if you earn $40,000+ annually
- Payments capped at 2x amount borrowed
- Lending decisions aren’t based on your credit
- Difficult to know how much your loan will cost
- Funding only available for certain majors
Good online resources, but no access to rates
Customer services and support
Multiple ways of reaching lender, wide range of hours
Offers flexible repayment plans & the option for special repayment programs
Loans only available to excellent credit, high-income borrowers
Variety of Loan Types
Offers most loan types
Stride offers income sharing agreements instead of traditional student loans. With an income sharing agreement, you don’t make payments until the amount you borrowed is repaid with interest. Instead, you commit to giving up a percentage of your future income. So, you only have to pay back your loan when you’re making money, and Stride is incentivized to see you do well in the workforce.
Stride is not accredited with the Better Business Bureau, but has been featured in the New York Times, Business Insider, and The College Investor.
Stride is suitable for undergraduates (juniors and seniors) and graduate students who need private funding for their education. Stride’s income share agreements are available at many universities and are often more favorable than those offered by individual schools. However, Stride makes funding decisions based on future employment potential, so loans are mostly restricted to borrowers with STEM, healthcare, and business majors.
Stride offers income share agreements in which you agree to give up a portion of your future earnings in exchange for education funding now. You can borrow up to $25,000 per year and Stride will then ask for 3-9% of your future income as payment for a term of between 2-10 years. The amount you’ll repay thus depends on your income after graduation, but Stride caps your total repayment at twice the amount you borrowed.
The Application Process
Stride’s application process is entirely online. Just enter information about your school and major, the amount of funding you need, and your personal details, and Stride will give you a preapproved income sharing agreement offer in minutes.
You don’t need a cosigner for your funding agreement. The company does run a soft credit check, but your credit only comes into play in funding decisions if you have major issues in your credit history.
To qualify, you must be a junior or senior undergraduate or a graduate student at a university that Stride supports. Stride takes your major into account and typically works with students in STEM, healthcare, or business programs.
Stride does not charge any interest on your loan. Rather, the length of your repayment term and the percentage of your paycheck that Stride takes are agreed upon when you are funded. The company typically offers repayment terms from 2-10 years and takes 3-9% of your earnings.
Stride takes a share of your future income after graduation. You receive a 3-month grace period immediately after graduation and payments are paused if you are unemployed or making less than $40,000 per year. If you earn enough that you pay back twice the amount you borrowed before your loan term ends, your loan is considered repaid and is closed.
How Safe Is It?
Stride’s application is encrypted with SSL and all borrower data is stored on encrypted servers.
Stride offers customer support by phone and email during weekday business hours. You can get a quote online at any time.
Phone: 1-(214) 775-9960
How Stride Compares
|3.49% - 12.99% fixed APR|
|Minimum credit score|
Up to $25,000 per year
$1,000 to total degree cost
STEM, healthcare, and business majors
Flexible repayment options
Stride offers income sharing agreements that are different from traditional student loans. Instead of repaying your loan with interest, you commit to giving up a set percentage of your future earnings for a set number of years. Stride caps your payments at twice the amount you borrowed and only collects payment if you’re making more than $40,000 per year. Funding is limited to juniors, seniors, and graduate students in STEM, healthcare, and business programs.