MAKING EDUCATION AFFORDABLE
EdAid partners directly with universities and professional schools to create deferred tuition plans. We’re making education financing fairer and more affordable.
We believe access to education should be universal. Financing should not be a barrier to economic empowerment.
How it works
Students pay a small deposit upfront. The balance is payable after graduation via income-based payments.
Upon admission, schools select students to sponsor for flexible financing.
EdAid completes verification and affordability checks before enrolling the student in a deferred payment plan. Payments don’t start until after graduation.
Repayment is income-based, meaning a graduate only pays when they are earning. While repayment may be linked to inflation, there’s zero interest.
Who is behind EdAid?
We are a passionate, entrepreneurial team committed to making education financing fairer and more affordable. Our Head Office is in London, and we also have a presence in NYC.
What exactly does EdAid do?
We partner directly with schools to defer tuition payment until after students graduate and start earning. For education partners, EdAid provides the legal, regulatory, and customer support to make deferred payments easy, from the time of origination until tuition has been fully paid. For students, we’re the human face of education financing.
How can EdAid help?
We’re making it easier to pay for education. EdAid enables students in the UK and US to access world-class education without having to pay the full tuition upfront.
EdAid works directly with education providers to facilitate deferred tuition payments. Universities select high-performing students who would benefit from flexible, affordable financing, and we take care of the rest, from identity checks to collecting payments.
For students, our support goes beyond a financing agreement. We’ve lived the challenge of paying for education, and we’re here to make repayment as painless as possible.
How does deferred tuition work?
Deferred tuition plans enable students to pay their tuition fees after graduating and when earning. During admission, schools select high-performing students who would benefit from flexible, affordable financing. Students go through verification and affordability checks during the EdAid enrollment process. Then, if selected tuition payments don’t start until after graduation.
During repayment, graduates pay their tuition fees via income-contingent payments, meaning a graduate only pays when they are earning. While repayment may be linked to inflation, there’s zero interest.
How did you come up with this idea?
Like millions of students, the EdAid team struggled to pay their tuition. They funded their way through university while working part-time jobs, and they took out student loans. They have built a fairer more affordable way to pay for education.
Can I use EdAid if I have not been pre-selected for funding by my school?
No, students may only enroll in a deferred payment plan once they have been selected by their school for financing. EdAid financing is a form of financial aid. Speak to your admissions teams for more information.
What happens if a student decides not to pay?
If a student cannot pay because they are not working or have a period of temporary hardship, then there are no penalties or fees. If a student who is eligible to pay refuses to do so, then EdAid will seek to recover the outstanding payments.
Where is EdAid based?
Our Head Office is in London at WeWork Mansion House. You are always welcome to pop in for coffee. We also have a team in NYC.