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MentorWorks Education Capital Provides Income Share Agreement Funding for Tuck Bridge

MentorWorks Education Capital offers a mutually reinforcing "fund and support" hybrid model combining an Income Share Agreement (ISA) fund with active career enhancement, professional mentoring and connections to employers for current college students and non-traditional students. MentorWorks is providing this support to students enrolling in the Tuck Business Bridge Program in a newly announced agreement.

 

BOSTON (PRWEB) OCTOBER 01, 2019

MentorWorks Education Capital Provides Income Share Agreement (ISA) funding for the Tuck Business Bridge Program at the Tuck School of Business at Dartmouth in a partnership announced today.

MentorWorks Education Capital is providing Income Share Agreement (ISA) financing to Tuck Business Bridge Program students to complete this innovative program without incurring up-front tuition costs. This ISA program is open to rising seniors, current seniors and students who have already completed their undergraduate programs.

“We’re thrilled to bring Tuck Bridge and MentorWorks together to combine our ISA financing with our career enhancement and networking platform to provide access for these terrific students to our career advisors and employer partners,” stated Micha Sabovik, COO and VP of Marketing for MentorWorks. “Additionally, students who meet the program’s standards and return as mentors earn repayment discounts and continue to access MentorWorks’ professional networks for their professional lifetimes. This is a unique solution that addresses the student debt crisis through a novel “fund and support” model.”

Students view the MentorWorks program as a synergistic finance and career support mechanism. One prior MentorWorks student, who recently got a job at a Wall Street company, stated, “I quickly learned the importance of having a strong network. As my network and experience grew stronger, I was able to narrow down my aspirations and my motivation to reach my goals earned me countless recognition in the workplace. I really wanted to express my gratitude and share my happy news [of employment]. I strongly believe I owe a piece of this achievement to the mission and execution of the MentorWorks program.”

MentorWorks internal models show that the Tuck Bridge program creates a 30% increase in salary, on average, for students who complete this program. This is a powerful endorsement of the value and career impact of the Tuck Bridge program. MentorWorks is dedicated to supporting programs such as Tuck Bridge that make a substantial difference in the career outcomes of students.

"Our new partnership with MentorWorks aims to expand the financing opportunities available to our excellent Business Bridge candidates; many of whom would not be able to attend the Bridge program without an ISA option," Lisa Tedeschi, Director of Undergraduate Programs at Tuck Bridge said. "We are thrilled to open the door to even more wonderful students to experience the Bridge program and our program alumni network then we have been able to in the past.”

About the Tuck Business Bridge Program

The Tuck Business Bridge Program, held at the Tuck School of Business at Dartmouth, provides essential business skills while offering the hands-on training of an internship with the classroom experience of a world-class business school, giving you the tools to launch your career.

Designed for top liberal arts, science, and engineering students, the Tuck Bridge program delivers a comprehensive business curriculum taught by Tuck’s top-ranked MBA faculty, a capstone team project, recruiting, and one-on-one career guidance. Students will become comfortable in key areas such as financial accounting, marketing strategy and tactics, managerial economics, business decision making, corporate finance, and more.

The Tuck Bridge program sessions are offered in December, June and July. Visit the Tuck Bridge website http://bridge.tuck.dartmouth.edu/ for more information regarding this program or email TuckBridge@dartmouth.edu.

About MentorWorks Education Capital

MentorWorks Education Capital provides Income Share Agreement (ISA) financing which enables students to complete their program without incurring up-front tuition costs. ISAs are an alternative to loans with which approved students will have their tuition paid and then will pay a percentage of their future income for a fixed period of time, up to a maximum cap without incurring interest. Uniquely, MentorWorks also provides career development support, mentoring and access to employers.

To learn more about MentorWorks Education Capital visit: http://www.mentorworksedcap.com or reach out to MentorWorks Education Capital COO, Micha Sabovik at micha@mentorworksedcap.com. Follow MentorWorks Education Capital on LinkedIn at https://www.linkedin.com/company/mentorworksedcap/.

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Bridge Builders

Bridge Builders

BUSINESS BRIDGE SCHOLARSHIP FUND ENDOWED FOR FIRST-GENERATION DARTMOUTH STUDENTS 
A new scholarship fund endowed by Walter Freedman D’60, T’61 and Karen Harrison will help first-generation Dartmouth students transitioning to business careers.

Walter Freedman D’60, T’61 and his wife Karen Harrison have always looked for ways to maximize the effect of their philanthropy. The key, Freedman says, is to find the places where need and potential intersect. That’s what drew their attention to Business Bridge, a program of Dartmouth’s Tuck School of Business designed that helps students and new graduates at liberal arts colleges transition to careers in business.

“What we see in the Bridge program is a highly successful program that’s been in existence for more than 20 years,” says Freedman. “It’s the preeminent program of its type in the country and perhaps the world.”

Freedman and Harrison recognized, however, that many excellent candidates couldn’t afford to take advantage of the program. And while some financial aid was available to Bridge students, the program lacked an endowed scholarship fund. It was there that the couple recognized the chance to make a significant and lasting impact. “We saw an opportunity to make that program available to young Dartmouth students who otherwise would not have a prayer of going there,” he says.

The couple will endow a scholarship fund that gives preference to first-generation, low-income Dartmouth students who demonstrate leadership goals and potential. In planning the gift, they were inspired by Dartmouth’s Interim Dean of the College Kathryn Lively, herself a first-generation college graduate and a leader in Dartmouth’s efforts to attract qualified students who are among the first in their families to attend college. The college has worked diligently to welcome these students and remove barriers to their full participation in the Dartmouth experience. 

Opening opportunities in the Bridge program seemed like a logical next step, Freedman says. “I think it’s aptly named because the program can be a bridge to the business world for first-generation and low-income students. And of course I’m a Dartmouth graduate and a Tuck graduate, so this is kind of a bridge for me too,” Freedman says. “Today we talk about One Dartmouth commitment and One Dartmouth community, with a goal of creating a more diverse, inclusive, and welcoming climate. So for me, it all ties together.”

After Tuck, Freedman worked in a variety of executive positions. (“He’s had many, many careers,” Harrison interjects. “You’d think he couldn't keep a job but that's not the case at all.) Through 60 years in business, Freedman has always found an opening, whether in the vanguard of the computer age with IBM or the introduction of a little-known dairy product to the American market; Freedman was an investor and chief executive of the company that brought Yoplait yogurt to this country.

Now that he and his wife are in a position to give back, they’ve applied that entrepreneurial model to their philanthropy, with a particular emphasis on education. Harrison, who worked for 25 years as an educator, has served on the boards of the Chicago Children’s Museum and Facing History and Ourselves, an organization that provides teachers with the training and resources to confront racism, violence, and anti-Semitism.

The Tuck Bridge scholarship fits the goals and philosophy of their philanthropy, and the couple identifies with students who have the talent for a top-notch education but lack the means. Harrison had to take out loans to get through The Ohio State University, at a time when tuition and room and board amounted to about $1,500 a year. The average college graduate in the United States today owes more than $37,000 in student loans.

“That’s just insane for these kids to be burdened with that kind of debt,” Harrison says. “So we want to give our money to education, and we want to give it to the kids that really benefit the most.”

It’s a good feeling, Freedman says. “We’ve been encouraged by what we’ve heard from people at Dartmouth and at Tuck, because they expect a lot of students who could not do it any other way will be able to benefit from the Bridge program.”


By Jeff Moag
http://campaign.tuck.dartmouth.edu/bridge-builders?utm_source=capcamp&utm_medium=ccweb&utm_campaign=capcamp_ccweb_newsroom&utm_content=bridge

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