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 student’s income – providing downside protections for the student. ISAs may be issued by Blue Ridge Bank, N.A.
STUDENTS WE’VE HELPED
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 student’s 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 don’t 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’ll 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.
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
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
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 success. They get to review and consider educational programs, such as yours, that can help them advance their skills and career.
2
We provide funding to students with student-friendly Income Share Agreements (ISAs) that are pre-funded to pay tuition.
Upfront non-loan financing. Financial constraints tend to be a major impediment to pursuing further education or training. ISAs are a flexible alternative to traditional fixed payment installment loans.
Our School Partners
HIRING PARTNERSHIPS
Talent Referral Initiative for Diversity + Inclusion
Industry-Leading Organizations that Hire MentorWorks Candidates
How MentorWorks’ Hiring Partner Program Works
WE COLLABORATE + LISTEN
Onboarding is simple. We gather information re: your specific hiring needs, requirements, and timelines. We also capture what defines candidate success in terms of interpersonal skills and culture fit. Our team debriefs and the matching begins.
WE PRE-VET + DELIVER
Before a candidate enters the MentorWorks talent pool, both their education and work experience are validated. Moreover, we’ve gotten to know their individual career goals and personalities. This enables us to present only interview-ready, serious candidates.
WE FACILITATE + FOLLOW UP
MentorWorks serves as an extension of your recruitment team – whether you are preparing for future hiring or actively sourcing candidates. Our outcome-driven approach ensure successs through rapid turnaround, highly qualified candidates, and proactive follow-up.
WHAT PARTNER PARTICIPATION LOOKS LIKE
OUR MISSION + OUR PEOPLE
Teamwork Really Does Make The Dream Work
Why We Do What We Do
Our mission is to open 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.
We dedicated to providing students with access – to employers, to mentors, to career enhancements, and to student loan alternatives. We are committed to our mission, which is to make quality education and employment available and affordable to all students, regardless of background, and to support them to develop the most fruitful career pathways.
Why Our Team Members Love MentorWorks
MentorWorks has been built by intelligent, hard-working, and passionate people who want to be part of something vastly different and truly effect change. Our people dream big and possess a work ethic that inspires those around them. We are forward-thinking individuals who produce solutions rather than wait for them. No one is micromanaged and we promote ourselves through action and execution. We have the freedom and responsibility to achieve our goals and we hold ourselves accountable for setting and meeting expectations.