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
- Top U.S. health systems committed $101.2 million through Clasp on July 9, 2025.
- Clasp and Skilltrade launched allied-health hiring partnerships in April 2025.
- Lionstone expanded Clasp programs in March 2026 across existing staff and new hires.
What critics are saying
- Illinois regulated ISAs in August 2025, squeezing economics and contract design.
- Federal DOE guidance in January 2026 classifies Clasp-style programs as institutional loans.
- Healthcare partnerships concentrate revenue; one failed renewal cycle can break 2026 growth.
What makes Stride Funding unique
- Clasp rebranded from Stride Funding in September 2024 around employer-sponsored repayment.
- It sells education-to-employment programs, not generic loans, centered on healthcare retention.
- Clasp handles compliance, administration, and ROI tracking for employers funding student debt.
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