MentorWorks Revenue and Competitors

MentorWorks has created a holistic model for Income Share Agreements (ISAs) allowing for educational access and affordability for college and non-traditional students. We offer a mutually reinforcing "fund + support" hybrid model combining an ISA, which is a more flexible alternative to student debt, along with active career enhancement, and connections to employer partners, to help launch students towards a lifetime of career success through our online and asynchronous Talent Accelerator Platform (TAP). ISAs are an innovative alternative to loans. Students pay a percentage of their future income for a set period of time, up to a maximum cap, without accruing interest. Unlike a loan, students do not pay until they find a job and reach the minimum income threshold. The payments adjust according to level of the student's income – a true outcome-based model with downside protections! The obligation can be ended earlier by making early payments as listed in our early payment schedule. Our ISAs are capped, so students know the maximum amount they would be paying back. We offer underwriting, origination and servicing capabilities with wrap-around career support for our ISA program including: • A proprietary platform with plug-and-play implementation of ISA programs across multiple states – valuable for online programs and across state expansion for schools which reduces compliance risks and costs of running an ISA program • An online, self-paced and robust career resource, developed in-house based on our expertise in the career services field and thousands of conversations with recruiters, employers and students Many of the students we work with are diverse and are the first in their family to attend college or pursue additional education. We're continually energized by our mission which is to open pathways to education and careers for students and candidates who may not have had the financial or social capital to do it on their own.