We reduce the upfront financial barriers that come between you and quality education
We partner with leading educators across the globe to make accessing education, easy and affordable.
Flexible payment plans designed with your goals in mind
Income-based payment plans
Defer your payments until you are earning again then pay back a fixed percentage with zero interest, giving you peace of mind that you will only repay once you can afford the repayment.
Flexible payment plans
Repay in monthly installments over an agreed-upon period. Flexible, and no-interest, ever.
Our mission
We believe that education is awesome and should be accessible to everyone. By removing the financial barriers that many of us face, we give learners all around the world the best chance to reach their potential.
How it works
Our deferred payment plans make managing life easier. Spread the cost of your program tuition, with no additional fees and zero interest.
With most of our plans, you will pay a deposit upfront, and pay your remaining tuition balance via monthly installments with zero interest and zero fees.
For education providers
Discover EdAid, your partner in supporting access to education.
As a financially regulated platform, we collaborate with educators to enhance student enrollment, diversify revenue and boost retention rates by delivering affordable payment plans for students often locked out of courses that require upfront payment.
We offer plans to support every need - from spreading the cost of a program over the entire length of classes, through to longer financing options that defer payments until your students are working again.
Why partner with us?
The EdAid value proposition is simple
Payment plans boost enrollment, opening up high-quality programs to a broader range off students who might otherwise miss out on further education and retraining. We also find that EdAid enables a more diverse student body.
Grow enrollment and increase Yield
Improve completion rates
Drive access and diversity
Increase profitability per cohort
For students, we’re the human face of education financing
Students win because they are able to benefit from interest-free payment plans that make their tuition payments more affordable.
How we work with you
EdAid works with education leaders to create a program tailored to your strategic goals
Working with EdAid offers tangible benefits that traditional loan providers cannot match. Our interest-free payment plans, supported by our dedicated student support team, help you maximise returns over an extended period. With a default rate below 4% - significantly lower than the industry standard - we collaborate closely with each partner to customise their plans, including eligibility checks and payment terms tailored to your specific needs.
Our Team partners with each education provider to determine the right model for your needs and build a custom interface for your students, hosted on our tech platform. We manage student onboarding, affordability checks, and tuition payments with a human-centred approach. We focus on driving robust outcomes for students in partnership with world-class education providers.
Income Based Payments
Payments are set as a percentage of gross income (for example, 10%) with zero interest. Payments pause without penalty if income falls below a minimum income threshold.
Flexible payment plans
Payments are spread over an extended period (for example, over 24 months) with zero interest. Increase access by lowering the barriers to entry and upfront costs for students.
Case study
Client: US Ivy League University
Program: Certificate program launched in Jan 2022
Payment Plan: Pay As You Study (each semester’s tuition cost is split into 3 affordable monthly installments)
6x boost in enrollment (partner target of 10 incremental students per cohort; EdAid enrolled additional 60 students per cohort through the payment plan).
Huge gains in cohort diversity with a 3x increase in enrollment of Black & Hispanic student
How it looks in practice
We have a dedicated team which will guide you through the setup process. Depending on the complexity of the plans you’d like to offer, the scope, and the urgency with which you want to move things forward, we can be up and running, with payment plans offered on your programs in as little as 1-2 weeks.
Our pricing model is simple, we don’t charge set-up fees, and you’ll only pay for the activity that takes place:
On-boarding fee per originated payment plan
Monthly servicing fee on monthly payment transactions
The support you receive from EdAid doesn’t stop once your payment plans are live. We’ll be on hand to assist you with any questions or issues you might have once students are being invited to enroll.
Get in touch
If you are interested in working with us to grow your enrollment and expand the reach of your programs, please don’t hesitate to get in touch with us, at [email protected].
If you’re based in the UK and think offering Apprenticeships might complement your existing portfolio, reach out to our Apprenticeships team at [email protected].
Designed with You in Mind
Your career upgrade starts now
Navigating work, study, and finances can be overwhelming, but we’re here to make funding your education simple and stress-free. With EdAid, you gain access to innovative, flexible financing solutions that let you focus on advancing your career without financial barriers. We’re not just rethinking education funding—we’re redefining it to meet your academic and career goals in a way that works for you.
How it works
Our interest-free payment plans mean you can focus on your studies and career advancement rather than worrying about how you are going to pay.
Register
Upon acceptance to your chosen program, you may choose to apply for a Payment Plan.
Verification
Complete EdAid’s verification and affordability checks, pay your deposit, and electronically sign your Payment Plan.
Payment
Split payment for the remaining tuition across equal monthly installments.
Find out if you are eligible
Our Pre-authorisation solution gives you peace of mind that you may be able to defer most of the upfront cost of a course. A simple check will take a couple of minutes using the information you provide us about your financial history, credit score, and residency status.
*This does not constitute a legally binding promise to offer services. Once you have been accepted onto your program you will be asked to confirm all your details in order for us to then verify your details and run a full approval.
Transparent process, zero interest and no fees
Our innovative business model means that the school pays a success fee to EdAid when you sign up. Every payment you make goes directly to your school, eliminating hidden fees and ensuring transparency.
Once your application is approved and your agreement is signed, payments are automated,so you can concentrate on your education and career goals. Payments are typically processed on the first business day of the month, but you have the flexibility to adjust this from your dashboard.
Your personalised dashboard keeps you informed and in control, providing all necessary information and allowing you to update your payment settings and account details easily.
Take the next step toward a brighter financial future with confidence and ease.
Degree Apprenticeships for UK Students
For students in the UK, we’re excited to offer degree apprenticeships—programs where you gain work experience while pursuing a fully funded degree through your employer using the UK apprenticeship levy.
If you’re looking to advance your career and education without incurring tuition costs, explore our Degree Apprenticeships Platform for program details and eligibility requirements.
FAQ
About us
Who are we?
-
We are a passionate, entrepreneurial team committed to making education financing more fair and affordable. We focus on building high-quality and secure technology-led solutions to solve issues around education funding and student debt.
Our Founder and CEO, Tom Woolf, started the company in 2011 and has built a dedicated, experienced team to help accelerate your career and make your education more affordable.
We have a global team, supporting students in 180 countries with offices in Dubai, London, New York, Sydney and Toronto.
What do we do?
-
We partner directly with schools to offer students payment plans to help split the cost of tuition into manageable, monthly payments. We are the human face of education financing, dedicated to widening access to Higher Education, and helping students achieve their goals.
How can EdAid help you?
-
EdAid breaks down financial barriers to entry, enabling students to access world-class education without having to pay the full tuition up front. Our payment plans incur zero interest, and your loan will never be sold to a third party. We seamlessly facilitate payments to your school so that you can focus on what matters - your studies. In addition, using an EdAid payment plan entitles you to dedicated support from our Student Success team, who will be on hand to guide you through the process.
How did EdAid come up with this idea
-
We believe strongly in the value of reducing financial barriers to world-class education. Our team are just like you. We funded our way through university, taking out student loans. Like millions of other students, we have at times struggled to repay those loans. With that in mind, we have built a fairer, more affordable way to access higher education.
Where is EdAid based?
-
We have a global team, supporting students in 180 countries, with offices in Dubai, London, New York, Sydney and Toronto. Our team is therefore well-placed to provide timely responses to your queries, wherever you are in the world.