Overview
Stride Funding provides education financing using Income Share Agreements (ISAs). It funds students across traditional colleges, coding bootcamps, and vocational schools, in exchange for a percentage of their future income for a set period. Revenue comes from a share of graduates' earnings, aligning Stride’s success with that of its students. The company also partners with employers to pre-screen funded candidates and offers financial literacy resources to help students manage education costs and career decisions. Their goal is to support accessible, debt-free education and improve workforce outcomes by enabling students to fund their training without traditional loans.
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Simplify's take
What believers are saying
- Clasp reported more than $200 million in employer repayment commitments by October 2026.
- Available jobs grew 207% in 2026, signaling strong employer adoption.
- University Hospitals launched a July 31, 2026 program using Clasp for hiring.
What critics are saying
- Healthcare concentration leaves Clasp exposed if hospital systems pause 2027 programs.
- No student-facing direct-lending moat remains after the employer-platform pivot.
- Any federal scrutiny of workplace-linked repayment terms can stall financing partnerships quickly.
What makes Stride Funding unique
- Clasp rebranded Stride Funding in 2024 and now sells loan-linked hiring.
- Its marketplace launched October 15, 2026, tying jobs directly to loan repayment.
- University Hospitals and Allegheny Health Network used Clasp for workforce-specific repayment programs.
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