EdAid

EdAid

• EdAid is a funding platform for higher education.
• EdAid partners with university and professional schools to defer tuition payment, interest-free.
  • EdAid lets students defer tuition fees, interest-free.
  • Study now, pay later is the mechanism by which students from underrepresented communities can get fair, affordable access to higher education.
  • EdAid ensures that students and their education provider have shared risk, shared reward model that builds greater level of equity into Higher Education.
  • Students must be on a UK, US, Canadian or Australian accredited course with the permanent right to remain in their country of study after graduation.
• EdAid has offices in the United Kingdom, United States of America, Canada, Ireland, the United Arab Emirates and Australia.
• Fees
  • EdAid charges a technology and processing fee to the education provider and zero fees to the student.
• EdAid is regulated by the Financial Conduct Authority and students are validated through a three-phase process that includes identity, fraud and AML checks before starting an application.
• Repayments are pegged to the rate of the Consumer Price Index without additional interest charges.
• Students will typically start to repay 10% of their monthly salary after they graduate and are in full-time employment.
• EdAid Foundation
  • The EdAid Foundation is a UK-registered charity that provides matched funding from corporations, trusts, high net-worth individuals and alumni.