Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_0f7465c98add2966e41db44202654207, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
Blair launches $100M facility to fund ISAs for students – TechCrunch - Awaj Ludhiana Ki
Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Technology

Blair launches $100M facility to fund ISAs for students – TechCrunch

by author
February 8, 2021
in Technology
0
Blair launches $100M facility to fund ISAs for students – TechCrunch
0
SHARES
27
VIEWS
Share on FacebookShare on Twitter


Income-share agreements, or ISAs, have been gathering force as an alternative financial model for students, particularly at non-traditional schools like coding boot camps and trade schools. We’ve done some pretty deep dives into the space over the years in terms of how these loan products incentivize students and colleges to work together for better professional outcomes. Given their novelty though, one of the largest barriers to wide adoption remains the lack of capital for these models.

That’s starting to change, and companies like Blair are leading the charge.

Blair told TechCrunch that it has raised $100 million in a new debt facility to fund what it is dubbing “Blair Capital” to fund ISAs at partner institutions. The money came from an undisclosed investor, which was described by Blair CEO Mike Mahlkow as an “institutional capital partner with more than $10 billion under management.”

My colleague Mike Butcher first profiled Blair when it was coming out of YC back in summer 2019. When Blair first got started by co-founders Mahlkow, Constantin Schreiber and David Nordhausen, it was focused exclusively on the direct-to-consumer market for ISAs. The idea was that students would go to Blair and secure an ISA with a set amount of upfront cash to cover tuition and cost of living, and then choose a school to attend. Underwriting was based on the future income potential of the student.

Blair’s technology platform allowed it to service ISAs for students, such as collecting their payments, tracking their requirements and giving them updates on their remaining terms. But to really scale up the platform, Blair needed capital to actually underwrite ISAs and increase loan volumes on its platform.

So it looked to raise a debt facility — and then COVID-19 hit. “It was very, very, difficult to raise any kind of debt capital for direct-to-consumer ISAs,” Mahlkow explained in the milieu of a pandemic. But, “we got a lot of inbound demand from education institutions,” and particularly from alternative schools like coding boot camps.

Blair’s team. Photo via Blair.

So Blair rejiggered its platform (now dubbed Blair Servicing) away from D2C lending to being a technology servicing layer for schools offering ISAs as part of their programs. From there, it constructed Blair Capital, this new $100 million facility which can be used by its partner schools to fund their own ISA programs. That means these schools won’t have to raise their own debt capital for their ISAs if they don’t want to.

Related posts

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch

June 25, 2021
Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch

Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch

June 25, 2021

Unlike Blair’s original approach focused on consumers, underwriting for ISAs is now based on the quality of an individual school, and even more specifically an individual program. So rather than underwriting a person, Blair knows that certain programs have a given return profile and can underwrite terms of the ISA to fit that risk.

Terms can vary widely between programs. Mahlkow explained that the company more or less has merely floors and ceilings on terms but otherwise is flexible. For instance, the company won’t do income shares above 20% (and often gets queasy even going near that number), and there are repayment caps and limits on repayment time periods as well, with most ISAs it offers being between 1-2 years or a maximum of three years.

Alternative schools with track records of student achievement can use Blair Capital right away. For newer schools without the same operating history, Blair will help guide those schools to build the early track record they need so that the company can underwrite their ISAs in the future. Either way, all schools can use Blair Servicing to handle their loans.

The school dashboard within Blair Servicing. Photo via Blair.

Blair Servicing takes a percentage fee of the money that flows back from an ISA after graduation, while Blair Capital takes an origination fee plus joins in the upside of the ISA itself. The goal is to incentive-align the loans for all parties involved.

The company, which is based in SF, remains lean, at six employees. With $100 million capital to fund ISAs though, it hopes to have an outsized impact on this burgeoning industry.



Source link

Previous Post

DNA Exclusive: Has it become a crime to speak in favour of India? | India News

Next Post

VK Sasikala pays tributes to MG Ramachandran statue at Ramapuram; political circles abuzz with her return in Tamil Nadu | India News

Related Posts

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch
Technology

With Wickr purchase, AWS enters the encrypted messaging business – TechCrunch

June 25, 2021
Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch
Technology

Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR – TechCrunch

June 25, 2021
Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual – TechCrunch
Technology

Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual – TechCrunch

June 25, 2021
Kayak co-founder Paul English just launched Moonbeam, a podcast discovery app – TechCrunch
Technology

Kayak co-founder Paul English just launched Moonbeam, a podcast discovery app – TechCrunch

June 25, 2021
Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – TechCrunch
Technology

Gotrade gets $7M led by LocalGlobe to let investors around the world buy fractional shares of U.S. stocks – TechCrunch

June 25, 2021
To sustain diversity, investors must tune into their unconscious biases – TechCrunch
Technology

To sustain diversity, investors must tune into their unconscious biases – TechCrunch

June 24, 2021
Next Post
VK Sasikala pays tributes to MG Ramachandran statue at Ramapuram; political circles abuzz with her return in Tamil Nadu | India News

VK Sasikala pays tributes to MG Ramachandran statue at Ramapuram; political circles abuzz with her return in Tamil Nadu | India News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Rise in the need for affordable quality healthcare in Tier II, III cities and rural India

Rise in the need for affordable quality healthcare in Tier II, III cities and rural India

3 years ago
Rohit Shetty’s Smashing Simmba to premiere on November 14 on Pogo : Bollywood News

Rohit Shetty’s Smashing Simmba to premiere on November 14 on Pogo : Bollywood News

5 years ago
Valeo bets on ADAS, electrification; showcases new tech at CES, ET Auto

Valeo bets on ADAS, electrification; showcases new tech at CES, ET Auto

1 year ago
M&M plans a portfolio of Thars, targets pole position in INR 12.5 lakh+ SUV segment, ET Auto

M&M plans a portfolio of Thars, targets pole position in INR 12.5 lakh+ SUV segment, ET Auto

11 months ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • Gopal Khemka Murder Accused Killed In Police Encounter, JDU Leader Says CM Monitoring
  • How Russian Ministers Death Post-Dismissal Mirrors Critics Fate
  • Sarah Jane Dias joins the cast of Lakadbaggha 2 – The Monkey Business as Anshuman Jha welcomes her into the expanding animal-lover vigilante universe : Bollywood News
  • Over 25 Crore Workers To Strike Against Govt, Know Whats Open And Whats Closed?
  • RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In