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MentorWorks Secures CDFI Certification after Rigorous Review by the US Dept. of the Treasury Defining New Funding Category, Demonstrating Industry Leadership in ISA Space Share Article MentorWorks has secured CDFI certification through the US Department of the Treasury allowing it to provide safe and affordable capital at reasonable rates to students who may be outside the mainstream of traditional funding options. BOSTON (PRWEB) February 17, 2021 MentorWorks announced today that the United States Department of the Treasury has certified MentorWorks Education Capital, Inc. as a Community Development Financial Institution (CDFI). MentorWorks is the first and only Income Share Agreement (ISA) provider to secure this designation, granting access to capital to provide ISAs to economically-disadvantaged, low-income students. ISAs are an innovative alternative to student loans.

United statesKarthik krishnanMicha sabovikCommunity development financial institutionMentorworks education capital incUnited states department of the treasuryCommunity development financial institutions cdfisCommunity development financial institutionsUnited states departmentMentorworks education capitalIncome share agreementTalent accelerator platformDevelopment financial institutionsCommunity development financial institutions fundWorks education capitalPress release