Stride Funding stopped providing student borrowers with Income Share Loans (ISL) in the summer of 2024. Now, the company only offers Employer-Sponsored Loans.
Stride’s Employer-Sponsored Loan program will match students with employers who vet and select them while committing to hiring them after graduation. Employers will then pay the hires’ student loans based upon the student being employed with them for a set period.
Stride began offering ISLs in 2019 under the name AlmaPact. They were known for providing student loan funding based on a student’s future income potential as opposed to their credit rating. This funding model allowed students to obtain loans without a co-signer.
In 2022, Stride partnered with FinWise, a Utah-based state-chartered bank, to expand their ISL program for students. The company also provided loan funding to students attending universities as well as bootcamps and certificate programs.
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