In light of the exceptional circumstances the country is going through, Parity Finance is offering tuition aid to a selection of senior year students with established financial need. The program offers full or partial tuition coverage for this spring semester with repayment upon employment.
Income Share Agreement
Under the offered structure, students will benefit from financing that is tied to their future earning potential.
Selected students will sign an Income Share Agreement (ISA), a financial structure under which Parity Finance funds part or all of the student’s education cost in return for a percentage of their income for a fixed number of years. If the student becomes unemployed, repayment is paused until their return to the workforce.
ISA’s act as insurance policy, reducing financial risk for students and allowing them to focus on their education.
Applicants for the program have to:
- Be Lebanese citizens (dual nationality included)
- Be senior year students
- Enjoy a strong academic track record (GPA 3.5 and above)
- Have remarkable soft skills
- Demonstrate financial need
Student selection shall be purely based on merit and potential. Meanwhile, the program does not disqualify students from applying to other forms of financial aid or support.