Our Mission is to make education affordable.
’Study now, Pay Later’ is the essence that underpins EdAid’s capital efficient & equitable ‘Income Share’ model of funding education.
EdAid itself does not lend money to borrowers. It enables students to defer the cost of tuition until after they graduate and start earning.
It is however, important to note that students should only ever borrow what they can afford to repay back. Whilst there are no interest or inflation charges added by EdAid, you should still consider your financial situation when considering taking out a loan via EdAid.
EdAid is never party to a loan. We do administer the loan on behalf of the borrower and lender until the loan is fully repaid.
All loans funded via EdAid are repaid via income based repayments set at 10% of a graduate’s gross monthly income. A borrower will only pay when they are receiving income, and repayments are flexible to accommodate all life’s ups and downs.
Below you will find the EdAid Principles document. This outlines the principles behind using the EdAid platform and you will need to read and agree to these Principles fully prior to being authorised to use EdAid.
If you have any questions, or any element of the process is not clear please feel free to reach out to the customer support team via firstname.lastname@example.org