Lendorse Education Funding uses Income Share Agreements (ISA) to provide finance for your studies, tuition fees, living expenses while you study and visa deposits. It is not a scholarship. The repayments function differently to a traditional loan with principal and interest. Instead, we enter into a contractual agreement with you, where Lendorse provides you with funding for your education-related expenses, and in return, you share a portion of your future income with Lendorse, for a fixed period of time.

In contrast, a loan has to be re-paid whether or not you earn an income, are studying, or going on holiday. With Lendorse's Income Share Agreements, you only make financial contributions if you meet the minimum salary. You are not expected to make contributions if you lose your income or earn under the minimum salary.

The maximum amount is €20,000 and the minimum amount is €3,000.

We fund education-related expenses only, in the form of:

• Tuition fees
• Visa deposits
• Relocation costs
• Education-related living expenses while you’re studying (such as rent, insurance and groceries)

If you are unsure about any expenses that Lendorse can cover, please ask us.

No, we do not require your parents to co-sign. We do not require any guarantors. We also do not require any collateral, and we don't require a credit score check.

We believe in a future where all students have equitable access to education, no matter their financial means or their country of origin. For now, we exist to help an underserved market: those from developing & emerging countries who are studying in Europe.

Country of study: Eligible if your university is in one of these countries:

• Austria
• Belgium
• France
• Germany
• Italy
• Netherlands
• Spain
• Sweden (SSE only)
• Switzerland (HSG only)

Type of degree: Masters Degrees only (High School, Vocational, Bachelor and PhD's are not funded)
Age: Over 18
University: Private or Public Universities within Europe
Fields of Study: STEM Degrees, selected business subjects and MBA’s from INSEAD and HEC Paris
Time commitment: Full time only
University admission: Received an admission letter or already enrolled
English proficiency: Minimum B2 level
Credit Rating: None, we do not check your credit rating
Collateral / Co-Signers / Parents as Guarantors: None, we do not require any of these elements

If you are unsure about any of these criteria, we still encourage you to apply.

Our application is structured into four phases:

1. A short eligibility questionnaire (2 minutes)
2. An interview with one of our Lendorse student representatives (30 minutes)
3. A motivation survey (15 minutes)
4. A personality survey (10 minutes)

We are here to guide you through the application process at each stage. We will only be able to make a decision once you have completed the full application.

Unfortunately, we can’t share specific reasons however, please don’t take this as a vote against you or your future career prospects.

Yes of course! We encourage it, but your application can only be reconsidered 6 months from the date that you previously applied. We ask all students to reapply through the website since a new application process would be required.

Your application will not be considered if you reapply within the 6 month timeframe.

You will not be able to apply unless you have:

• A valid passport
• An admission letter from your university
• Your CV

There will be opportunities for you to provide us with these documents as you progress throughout the application process. There is no need for you to email them to us separately.

At Lendorse, we take the time to thoughtfully evaluate every application. Our decisions are carefully considered before you receive the outcome, therefore a re-evaluation of an application would only be re-considered after 6 months if there has been a change in your circumstances or eligibility.

First, let's understand the terms:

• Disbursement Amount = This is how much money you receive from Lendorse to cover your education related expenses.
• ISA % = The percentage of salary to be repaid to Lendorse from your future salary. The percentage is per month. E.g. if your ISA is calculated with a 9% rate, you pay 9% of your gross monthly salary back to Lendorse.
• Minimum Salary Floor = The best part about our ISA's is that you don't have to start repaying until you meet the minimum salary requirement that we set for you.
• Repayment Months = We set a fixed amount of time for you to repay, represented in monthly repayments.
• Lendorse Fee = The fee we charge for the administration of the financing as well as our ongoing mentoring and career support services. This is not something that you pay up front, but we do add it to your total ISA amount.
• Total ISA Amount = This is the sum of the Funding Received and the Lendorse Fee.
• Repayment Cap = You will never repay more than 2.3x the 'Total ISA amount'

Now, lets look at an example of what an ISA might look like:

Disbursement Amount: EUR 9 000
ISA %: 9%
Minimum Monthly Salary Floor: EUR 2 500 gross per month (before taxes)
Repayment Months: 36 months
Lendorse fee: EUR 900
Total ISA Amount: EUR 9 900
Repayment Cap: 2.3x

Let's say that you earn €45,000 gross per year, which is €3,750 per month. You will share 9% of your gross monthly income (€3750*9% = €337.50) for 36 months. Your salary might change anywhere between these 36 months with promotions or pay rises, but for the purpose of this example, let's say it stays the same for 36 months. You will contribute a total of €12,150 back to Lendorse.

Do you still have questions? Reach out to our friendly team, we can help walk you through it! You can reach us at contact@lendorse.com

Your repayments to Lendorse are a fixed percentage of your gross income. Your repayments are not calculated based on "principal" and "interest". You will only need to make repayments for the months that you earn above €2500 gross (brutto) per month.

See the above FAQ for how repayments are calculated.

Whilst your future salary might change, there are two parts to our ISA's that do not:

1. The percentage that you repay from your gross salary per month
2. The number of payments you make to us

This means that the absolute amount of your monthly repayment will vary, depending on your salary at the time.

Your monthly payments begin when you start earning above €2500 gross (brutto) per month.

Please email us at contact@lendorse.com so we can discuss your scenario.

You only make repayments during the months that you have an income above €2500 gross (brutto) per month. For example, if you lose your job and your income with it, no repayments will be triggered on your Income Share Agreement.

Please inform Lendorse (contact@lendorse.com) in the above case and share proof of your termination in order to ensure that there are no misunderstandings.

Your repayment obligations will remain the same even when you relocate. If this is your situation, please contact us to that we can help you plan for a smooth transition.

Each rate is calculated individually according your circumstances. If you are successful in our application process, we will make you a tailored offer.

However, our conditions normally fall within the following ranges:

• A minimum of 6% and a maximum of 12% of your gross monthly income.
• A minimum of 12 repayment months and a maximum 60 months.
• Currently, €2500 is the gross (brutto) monthly income threshold.
• You will never repay more than 2.3x of your Disbursement Amount (this is to protect you from overpaying if you have a high income).

It is free to submit an application for a Lendorse Education Funding!

The fees for accepting Lendorse Education Funding are:

• Admission Fee = The fee we charge for the administration of the contract. This fee is 10% of your Disbursement Amount. This is not something that you pay up front. It is deducted from your Disbursement Amount. For example, if your Lendorse Education Funding is approved for €10 000, then we will deduct a €1 000 (10% of €10 000) fee. The total amount that you receive in your account is €9 000.

• Administration Fee = Each month, you will be charged a small fee of €2 via Direct Debit for the ongoing administration, servicing and career support resources that are provided by Lendorse. This €2 Administration Fee starts on your contract start date. It is debited from your account around the 1st of every month. It does not count towards your repayments or the 2.3x maximum repayment amount.

We're genuinely passionate about helping you land your dream role.
We support you through:

• Self-help guides and resources for job search strategies
• CV improvement
• Mock interviews
• Occasional mentor-matching
• Occasional events
• Plus many more career resources