LeapED

Why LeapED?

LeapED works with students who have shown outstanding performance; to be eligible for our financing, you must undergo a screening process.

Once admitted to our program, you will not only receive the tuition cost but also access to our mentoring platform, where you can gain skills and broaden your network.

Before and after graduation, you will enjoy different privileges such as access to highly experienced international mentors, career advice, internship and job search, etc.

LeapED Income Dependent Variable Loan

We take care of your tuition cost, and you only start making payments after you’re employed.

To achieve this, we make use of income-Dependent Variable Loan (IDVL), which are contractual agreements that enable students to attend educational programs without paying up-front tuition. In exchange, they pay a percentage of their post-graduation income for a fixed period of time.

This flexible financing solution can be tailored to schools’ needs and their students to continue working towards long-term success.

What is an Income Dependent Variable Loan?

• An Income Dependent Variable Loan (IDVL) is a type of loan designed to finance your education

• It fits your needs since you don’t have to start repaying it until you have finished your studies and you have a job.

• Unlike traditional loans, IDLVs adjust to your income level once you are employed; if you earn more, you pay more, but if you earn less, you pay less.

Is it a good option to finance my education?

• Indeed, they are designed to fit the needs of students with no funds or support to pay for their education.

• You obtain the funds now so that you can focus on your studies and only start repaying it once you have secured a job.

Are IDVLs better than traditional bank loans?

• They are better suited to the average student in need of funds

• They do not require you to provide a guarantor or collateral to secure it

• They’re not based on your current income or assets

• They are based on your future potential, once you have finished your studies

How does the process work for students?

1. Application & Screening

After students have been admitted to a school or university, they can apply to receive LeapED’s tuition financing. The selection process is holistic, fair, transparent, and fun!

2. The Study Years

Students receive their education from their schools of choice, while also receiving valuable mentoring from LeapED, such as training, access to a professional network and discounts. Risk of drop-out is decreased and the students’ employability increases.

3. After Graduation

After students graduate and find a job that earns them income, they start repaying their ISA.

Learn more through LeapED's website here.