How It Works
Deposit: Deposit-free or choose to pay part up-front, which is deducted from your loan amount
Interest: 0% interest - only repay what you borrow
Contract length: You can choose a repayment term of 2-10 months

"Knoma is a finance provider on a mission to enable access to lifelong education. Lifelong learning is crucial to staying ahead in our changing world. But finding the right course can be tough, and for many of us, funding it can be even tougher. We help students fund their education with ethical, compassionate finance by letting them spread the cost. This removes the unfair barrier of up-front costs and lets them access life-changing education."

We have partnered with Knoma to offer straightforward finance option to our students because they are not just any finance provider, they specialise in education and training options, and therefore are on the same page us when it comes to providing fair and accessible financing to allow as many people as possible to achieve their career goals.

How It Works
Income Share: 7.00 %
Minimum Income Threshold: £22000.00
Maximum Cap: £9600.00
Upfront Fees: £250.00 (can be paid in 3 installments)
Repayment Term: 48 months
Maximum Terms: 96 months

StepEx offers a unique funding option called the Future Earnings Agreement (FEA), which provides students with the opportunity to finance their qualification in a mutually beneficial way. This innovative approach involves a co-investment between the education provider and the student, with repayment based on the future performance of the qualification and the student's success in the job market.

Unlike traditional student loans from conventional lenders, an FEA operates on a different principle. The amount you repay is directly linked to your future income, creating a more flexible and personalised repayment structure. If your income increases, you will repay a higher amount, ensuring that the repayment aligns with your improved financial capacity. Conversely, if your income is lower, your repayment amount will decrease accordingly, providing you with more financial flexibility.