Ed-Tech Startup Lendorse Offers New Education Funding Options for Non-EU Students

Munich, Germany, September 11, 2022 — (PR.com) — Until now, non-EU students did not have access to study support like Bafög in Germany or similar support programs. The new “CHE Studienkredit Test 2022” mentions the startup Ed-Tech Lendorse as “very interesting”, because it focuses on non-EU students and students with an immigrant background. This is “remarkable, because other providers deliberately exclude the target group of non-EU foreigners”, underlines the CHE.

Lendorse is pioneering a new funding vehicle called the Income Share Agreement. Instead of an interest rate, students repay a percentage of their income for a set period after graduation. This solidarity concept allows students with low incomes to reimburse less or nothing, while high incomes reimburse more. In addition to financial support, the company also offers its customers career advice and support.

Lendorse was founded in 2021 by former students of top business schools who had personal experience of emigrating to the EU.

CEO Bjoern Wolf mentions the company’s focus on social impact, “to give all talented students the opportunity to get a good education and land a satisfying job, regardless of their financial means. or their origin”.

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