Meratas is a SaaS company based in Stamford, Connecticut, that is changing the way students finance their education with their Learn Now, Pay Later products. The company specializes in Income Share Agreements (ISA) and offers a full-service, turn-key platform for schools and training programs to originate and service custom-designed ISA programs that increase enrollment.
With the cost of education skyrocketing, many students are turning to student loans, which can lead to long-term debt and financial burdens that can last for years after graduation. Meratas aims to provide a solution to this problem by offering an alternative financing option that is more aligned with the student’s future earnings.
What are Income Share Agreements?
Income Share Agreements (ISA) are a type of financial aid that allows students to pay for their education by agreeing to pay a percentage of their income for a set period of time after graduation. This type of financing allows students to avoid taking out student loans and only pay back the money they owe when they are earning an income.
Meratas’ Innovative Platform
Meratas offers a platform that allows schools and training programs to create customized ISA programs that are tailored to their students’ needs. The company’s platform is designed to be user-friendly and easy to navigate, making it easy for students to apply for financing and for schools to manage their ISA programs.
Meratas’ platform is also designed to be scalable, allowing schools and training programs of all sizes to offer ISA programs to their students. This makes it possible for smaller schools and programs to compete with larger institutions that have more resources.
Democratizing Access to Education
Meratas’ mission is to democratize access to education by providing a marketplace where students can easily access ISA resources and apply to schools offering ISA tuition options. This makes it possible for students from all backgrounds to pursue higher education without being burdened by student loan debt.
In addition to providing a platform for students, Meratas also works with employers to identify where skills gaps exist in the job market. This allows employers to recruit students from schools that are filling these skills gaps, providing students with more job opportunities after graduation.
Meratas is a company that is revolutionizing education financing by providing a more affordable and accessible way for students to pay for their education. Their platform is designed to be user-friendly and scalable, making it possible for schools and training programs of all sizes to offer ISA programs to their students. With their mission to democratize access to education, Meratas is making it possible for more students to pursue their dreams without being burdened by student loan debt.