How To Pay For Your Education With A Fixed Payment Plan
Maybe you’ve just graduated from college and are struggling to figure out what your dream job might be. Or perhaps you are already working a 9–5 job but feel unfulfilled in your current role. Changing careers can be a daunting task, but it can be done with motivation and persistence. If you’re looking for ways to pay for education to get a new career, we’re here to help.
However, changing careers usually means more education or finding a Bootcamp to teach you the skills you need. Unfortunately, that also can mean the need to take out loans to cover the costs. But what if there was a better way to pay for the education you need to launch your new career?
At Meratas, that’s what we do. Pair students with career-focused programs that offer the most flexible financing options. Let’s take a look at one of those options today.
The Fixed Payment Plan
The Fixed Payment Plan from Meratas gives students all the benefits of a traditional BNPL plan but spreads the payments out over a longer period of time. The student still makes fixed monthly payments but the repayment term could be a year or more. The set number of fixed payments starts after a grace period and can be designed with or
The Fixed Payment Plan for your education is like a long-term Buy Now Pay Later plan. Instead of making payments over a few weeks or four months like the Pay in 4 payment plan, this payment plan lasts several months or years. The advantage is that each individual payment is usually smaller and more manageable for you. Your payments may begin right after you finish your program or after a grace period, depending on the program you choose.
This gives you the flexibility to pay for your education over time instead of paying for everything upfront. So whatever your current situation is, you’ll still have a shot at getting the career you’ve always wanted.
If you are looking into flexible financing options, it is essential to do your research. You want to make sure that you understand the terms surrounding your financing completely. You don’t want to be surprised by a high or variable interest rate. But, many times, they may offer 0% APR depending on your program.
Anna wants to attend a cybersecurity program that costs $20,000. She chooses her school’s Fixed Plan through Meratas. After she graduates from her program, she begins making $600 monthly payments until her tuition has been fully paid back. Unlike with an ISA, Anna’s payments will not pause during periods of unemployment or underemployment.
Learn Now, Pay Later!
Everyone deserves a shot at the career they want. Paying for the education to get there can be challenging, but it doesn’t have to be. With the Meratas platform, we’ll connect you with the best courses to get you into the career you want fast and with the best payment options.
Ready to jump into your new career? Visit our student’s page and fill out our get-matched form to find the best school for you! Interested in learning about other payment plans? Check out the Pay in 4 Payment Plan!
This post was prepared by the author, in her/his personal capacity. The views expressed are her/his own, and do not necessarily reflect the views of Meratas Inc.Copyright 2021