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EdAid

Post-grad student finance provider

21-100 employees
  • Fintech
  • B2C
  • Education
  • Lending
1 Poultry, London EC2R 8EJ

Company mission

EdAid's mission is to make education affordable.

Insights

53% female employees

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

EdAid is partnered with education providers in the UK, US, Canada, Australia and the Middle East to drive student enrolment, increase retention, and diversify revenue, while lowering costs for students. Students can defer tuition payment until after they graduate and start earning over a certain threshold, or by spreading the cost of tuition for students into small, affordable payments whilst studying, both interest-free.

For educators, EdAid provides the legal, regulatory, and customer support to make deferred payments easy, from the time of origination until tuition has been fully paid. EdAid’s business model is based on the schools paying a subscription fee.

Workers and job-seekers are turning to virtual workforce training programs to build the in-demand digital skills that translate to career opportunity and economic mobility. Deferred tuition is a bold investment in students at a time when upskilling is critically important to both individual and global economic recovery.

Through deferred payments, EdAid is making higher education more accessible to underrepresented students. Two-thirds of the students it helps to fund are first-generation college students or immigrants. EdAid focuses predominantly on courses in STEM, Law and Finance that lead to vocationally led outcomes for students who would otherwise not normally be able to afford to attend these universities.

Benefits

  • Generous bonus scheme based on company targets
  • Market benefits
  • Company laptop
  • Potential for flexible working hours to fit around other commitments including evening and weekend work
  • 20 days holiday (excl. bank holidays)

Company values

  • Transparency
  • Community
  • Prosperity

Founders

Former Pro-Athlete, Head Coach at Nike and Mission Chief for JustGiving, launching it across the Middle East and Africa.