Historically, student loans have been very important in providing more people with access to universities and courses. Even so many people had difficulty paying off their debts mainly due to high interest rates and the time it takes to enter the job market Rethinking this relationship. For many people student financing means a new chance . Career transitions have become an important option.
Why is the Shared Success Model Shared Success Model so interesting?
This is a student financing model that is very popular in other countries and is gradually becoming a reality in Brazil as well. With this Shared Success Model type of financing, students can enroll in courses for free, complete all the training, obtain certification and still only start paying after they are in the market . There is also another important special condition from a financial point of view,
The Shared Success Shared Success Model Model is also a success
The way it is done ensures that more people can obtain specializations that quickly take them to the market, whether in a career transition or in traditional entry-level positions. For this reason, this model is highly adopted by digital career schools, such as Tera.
areas are more widely accepted than those Shared Success Model recently graduated from vocational courses. This is because, in these courses, students build their own case studies during the months of learning, that is, they experience in class the routines they will have in their professional lives.
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Who pays the bill?
The sharing that is in the name of the financing model refers to the cost of the courses, after all, someone has to pay for this bill. In this case, Shared Success Model it is the institution itself that, in most cases, bears the entire cost. Then, it profits from this thanks to the interest, even if it is much lower than normal.
Naturally, this means that it is not possible br lists offer this financing for all course vacancies, which would be financially unfeasible. Therefore, digital career schools choose to offer vacancies within specific courses and, in some cases.
To help manage these loans, edtechs partner with companies that specialize in offering loans. This means that students pay these providers and not the institution where they will take the specialization course.
Why it is interesting for institutions
As the name suggests, the Shared Success Model is a two-way street. helped to get there is simply incredible. For companies, being the institution business model canvas vs lean canvas which one that provided not only the financing, but also the entry into the professional world, is also rewarding.
For career schools, financing is a way to support the market and quickly deliver qualified people, especially in areas with a large supply of vacancies but a low number of qualified people to fill them.
This way, edtechs gain notoriety and more strength for their brands. After all, giving students the possibility of paying only after they enter the market is a sign of confidence in the teaching method.
What are the steps to take a course using this type of financing?
The processes for studying through a Shared Success Model will vary depending on the institution offering the course. But basically, students must inform at the time of registration that they will opt for ISA financing. From then on, each institution will have its own rules for offering this modality.
Course registration
The first step, of course, begins with the search for a course that offers the possibility of the ISA model. Not all courses will be available, so it is important to check whether the course you are looking for offers this possibility. Once this is done, simply register in advance, which will formalize your intention to obtain financing.
Institution analysis
After the request, the institution, together with the partner manager, will analyze the student’s situation and understand whether he or she meets the program’s rules. Therefore, it is important to check in advance the conditions that the school imposes in order to obtain financing.
Release of funding and start of studies
At this point, there is no need to worry about fees or any other type of charges. Students will complete the learning journey without having to pay anything.
