Say hi to ErudiFi! This fintech startup helps students study now and pay later. Whether you're an undergrad student, postgrad student or looking to join a coding bootcamp — they've got you!
🔤 ABCs of Erudifi
Launched in 2018, ErudiFi partners with universities and vocational schools to offer affordable tuition installment plans for their students.
Why it matters. It's a win-win. Educational institutions get more students and retention (aka, more cash flow and less risk of closing down). On the other hand, students carry less debt because of ErudiFi's friendly installment terms. (I mean, the last thing SEA wants is a $1.7T student debt crisis...)
📚 How it works
Just apply online, get verified and confirm your tuition installment application. Then, ErudiFi will cover 100% of your tuition and send it directly to your school.
What does ErudiFi get out of all this? Each installment plan comes with a flat interest rate that starts at 1.5% monthly and a one-time service fee of 3%.
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