PA school costs a fortune. Loans aren't the only option on the table anymore.
Tess Michaels is the CEO and founder of Stride Funding, and she came on to explain income share agreements. Instead of borrowing a lump sum and paying interest on it, you agree to pay back a set percentage of your income for a fixed window, usually around five years.
She walks through the mechanics, who qualifies, and how it compares to traditional student loans. Eligibility at the time of this recording meant being within about two years of graduating with no adverse credit history.
I want to be clear that I'm not telling you what to do with your money. This is Tess explaining how her company's product works so you know the option exists. Read everything, run your own numbers, and talk to someone who knows your situation before you sign anything.
What we cover:
- What an income share agreement is and how repayment works
- How it differs from a traditional student loan
- Eligibility requirements Tess outlined
- The typical repayment window and percentage structure
- Questions to ask before signing any funding agreement
- Why Tess started Stride Funding
Resources:
Free Application Timeline: https://www.thepaplatform.com/services/free-application-timeline
PA Program Map: https://www.thepaplatform.com/pa-platform-map
Pre-PA Counseling: https://www.thepaplatform.com/services/pre-pa-counseling
Pre-PA Academy: https://prepaclub.thepaplatform.com/landing/academy
Mentioned in this episode:
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