2021
Education / Scholarships · India
- Education
- Social inclusion
Regional scholarship endowment
$8.5M
Structure: 12-year deferred-repayment facility
Outcome: 1,200 scholarships funded annually.
Related productEducation
Scholarships & Education Funding
Collateral optionalScholarship funding for students, scholarship programs, foundations, campuses and education providers.
- Indicative rate
- 3.5% – 7.5%*
- Amount
- $50K – $10M
- Tenor
- up to 15 yrs
*Indicative APR range. Subject to credit approval. Not an offer of credit.
- Amount
- $50,000 – $10,000,000
- Indicative APR*
- 3.5% – 7.5%
- Representative rate
- 5.25%
- Max tenor
- 180 months (15 yrs)
*Indicative only. Subject to credit approval.
3.5% – 7.5% · up to 15 yrs · Arrangement fee 1% – 0.75%
Calculate repaymentsScholarships & Education Funding helps students, universities, foundations and education providers fund scholarships, scale scholarship programs and build learning facilities.
Deferred-repayment structures align debt service with tuition, endowment or donor income.
Key features
- Scholarship fund programs and student cohorts
- Deferred repayment options
- Campus & facility build-outs
- Pairs with Career Finance for graduates
Eligibility
- Accredited institution or registered foundation
- Three years of financial statements
- Clear scholarship or capital-program governance
- Identified repayment source (tuition, endowment, grants)
Use of proceeds
- Scholarship fund capitalisation
- Campus and student housing
- Edtech platforms
- Teaching hospital and lab facilities
Typical covenants
- Minimum liquidity of 90 days' operating expenses
- Enrolment reporting each term
- Ring-fenced scholarship accounts
- Annual impact report
Draw schedule
Per academic term for scholarship programs; milestone draws for capital works.
Indicative term sheet
Indicative terms — Scholarships & Education Funding
- Borrower
- [Institution / Foundation]
- Amount
- Up to USD 6,000,000
- Tenor
- 12 years
- Pricing
- Fixed 5.25% p.a. (indicative)
- Fees
- Arrangement 0.5%
- Security
- Assignment of tuition receivables; facility charge where applicable
- Repayment
- Interest-only 24 months, then amortising
Selected transactions · Education
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