We encourage you to go through the FAQ section to get an answer for your queries.
We’d love to hear from you! Whether you’re a student looking for support, a donor wanting to make an impact, or a partner ready to collaborate—reach out and let’s build a future without financial barriers together.
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Benchmarks are milestones for the student that, when completed, converts a percentage of the student's outstanding loan balance to grant funding.
These incentives include the following:
Employment Incentive: Obtain or maintain employment of any type while enrolled in classes (internships, Federal Work Study, and part-time jobs all qualify). 15% of outstanding loan balance is eligible to apply as a grant or scholarship.
Graduation Incentive: Complete your course of study. 25% of outstanding balance is eligible to apply as a grant or scholarship.
Federal Student Loan Repayment Incentive: Make your first payment or otherwise take action (apply for deferments or forbearance and/or enroll in Income Driven Repayment Plan) when your first federal student loan payment is due. 10% of outstanding loan balance is eligible to apply as a grant or scholarship.
The Student Loanership Program removes the negative experience of an outstanding tuition bill and turns it into a positive experience by offering economic incentives that reward students for taking positive steps towards degree completion and future employment. It helps students increase their credit score while learning financial responsibility.
Unlike a regular loan, PYT's Student Loanership Program provides helpful benchmarks for the student to help them succeed. If a student completes these benchmarks then they will be eligible to apply for a grant or scholarship that can be applied to the PYT Loan.
Loans under the Student Loanership Program are offered up to $2,500 with a maximum repayment term of 30 months.
PYT's Student Loanership Program is a credit-building option for students that offers a mix of a student loan and a scholarship. As much as 50% of the loan amount can become eligible for a grant when students meet the requirements.
PYT encourages every student and family to complete the FAFSA and exhaust all federal funding options first.
Compared to other private loan companies, PYT has a crowdfunding component that allows students to first reduce their debt, utilizes alternative data so students can qualify for more loans, does not require a cosigner, and partners with low-cost capital and offers rates lower than or comparable to other private lenders.
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