Vemo raises $7.4 million to expand student-loan repayment program



Higher-education costs are rising, and graduates increasingly are burdened with student-loan debt many can barely repay — more than $1.3 trillion at last count.

Vemo helps colleges and universities set up “income share agreements,” a new tuition-repayment model that taps a portion of graduates’ future earnings to pay off the loans.

“Income share agreements are based on the value a graduate receives from college, freeing up students to explore career pathways upon graduation without undue financial pressure,” says Daniel Pianko of University Ventures, which led Vemo’s $7.4 million seed-funding round.

Route 66 Ventures, Third Kind Venture Capital, Haystack Partners and Task Force X Capital also participated.

Vemo helped arrange $23 million in income share agreements last academic year.

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