MentorWorks has built the industry-leading, front-to-back infrastructure for compliant origination, underwriting, servicing and career support.
What We Do for Our School Partners
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LEAD GENERATION
Our Talent Accelerator Platform (TAP) is an online hub for students that combines career coaching, financial literacy, and employment opportunities.
- 100s of new members join TAP every month
- You become visible to them as our vetted and trusted partner
- Nearly 70% have expressed interest in pursing a new degree, certificate or skills training
Deliver Options
FLEXIBLE FINANCING
Our Income Share Agreement (ISA) program provides a student loan alternative – lowering barriers to entry for students who gain admission but would otherwise be unable to finance a graduate or certificate program.
- ISAs require no payments from students until employed
- They do not accrue interest
- We do not base our decision on FICO scores
ISAs may be issued by Blue Ridge Bank, N.A.
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EMPLOYER ACCESS
MentorWorks-supported students earn an average income increase of 217% within 3 years of graduation.
- We roll up our sleeves and help your students get jobs
- Our growing roster of hiring partners includes Liberty Mutual, Boston Children’s Hospital, Wayfair, Putnam Investments
- Aligned interests: your student’s success is your success. And ultimately ours.
Our Commitment to Best Practices
- National Bank-Based Origination: We chose to proactively comply with lending regulations by partnering with a national bank. The unified regulatory / compliance framework allows for seamless origination in all 50 states
- Best In Class Servicing: Exclusive joint venture with a pedigreed student loan servicer. History of having served over 1 million student loans already
- Community Development Financial Institution (CDFI) Status: First and only in the ISA space. Opens access to lower cost capital
- Thoughtful and Rigorous Program Design: Delivered by a team with unmatched expertise spanning academics, data science and investment management. Stress tested for real world scenarios
- Customer Service: Live support from live humans in whatever form students prefer, phone, text, email, etc. We utilize our own Boston based team, not call centers
- Scalable Capital: Institutional capital sources mean we can scale with you with speed
