United States Collegiate Athletic Association taps Vemo Education to provide student loan alternatives for member colleges and universities nationwide
- October 2, 2017
- Posted by: Kerry Schneider
- Category: Income Share Agreements (ISAs), Vemo Partners
NORFOLK, VA — The United States Collegiate Athletic Association (USCAA) announced that students at more than 80 colleges and universities will have access to a new model of college financing that reduces risk and improves affordability. To provide this new alternative for students, the USCAA is partnering with Vemo Education, which works with postsecondary institutions to design, implement, and service income share agreements (ISAs).
With federal student loan debt at $1.4 trillion and rising, college and university leaders are increasingly in search of new strategies to improve affordability and relieve the burden of debt for students. Through its partnership with Vemo, the USCAA will help its member institutions – including small colleges, community colleges, and junior colleges across 28 states – to design and deliver income share agreements to their students.
“One of my biggest concerns for students – athletes and non-athletes alike – at our member institutions today is the rising cost of student loans and increasing interest on student debt,” said USCAA Executive Director Matthew Simms. “Our partnership with Vemo will enable us to help our institutions provide a unique alternative so that students can reduce the risk of taking on tens of thousands of dollars in debt while going to college.”