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October 12, 2021

Colorado Mountain College & Meratas Partner to Help Students Fund Their Education

Picture of Darius Goldman

Darius Goldman

News and Updates|School Resources

Colorado Mountain College (CMC), a federally designated Hispanic Serving Institution (HSI), is proud to announce the launch of its Rural Nursing Success Fund Income Share Agreement (ISA) program in partnership with Meratas.

GLENWOOD SPRINGS, Colo. –  Colorado Mountain College (CMC), a federally designated Hispanic Serving Institution (HSI), is proud to announce the launch of its Rural Nursing Success Fund Income Share Agreement (ISA) program in partnership with Meratas.

The new program at CMC gives nursing students the opportunity to pay for college using incentive-aligned income share agreements. With an ISA, students do not pay upfront tuition. Instead, they pay a fixed percentage of their income after graduation for a set period of time. Nurses trained by Colorado Mountain College will be able to participate in an ISA that has no interest and caps the total repayment at the amount borrowed. Income share agreements give students a chance to get a great education without the barrier of upfront costs or high student loan debt.

CMC students earning a bachelor’s degree or associate degree in nursing with a financial need are eligible to receive up to $3,000 per year through the CMC Foundation Rural Nursing Success Fund Income Share Agreement opportunity.

This program was specifically created for CMC nursing students and further provides a 25% incentive for CMC graduates to stay and work in Colorado Mountain College’s Rocky Mountain region.

CMC is one of the most affordable bachelor’s degree-granting institutions in the nation and demonstrates a continuous commitment to providing an affordable and high-quality education that helps students graduate with less student loan debt.

“We are always seeking ways to grow the pipeline of nurses in our mountain communities and give them the tools needed to succeed,” said Kristin Heath Colon, CEO of the CMC Foundation. “We believe CMC is uniquely well-positioned to recruit and educate diverse candidates in a high-need service area.  We are additionally interested in providing an example of innovative financing that could be replicated in other environments.”

“This program is combating the lack of diversity, equity, and inclusion in higher education. Meratas is honored to support CMC in helping students gain access to the transformative effects of higher education,” said Meratas Founder and CEO Darius Goldman. “As a first-generation American, I recall stories of my mother immigrating to America in her early teens.  It was through continued education that she was able to assimilate and advance.  I like to think about her journey when considering the generational life-changing impact that this program will provide.”

About Colorado Mountain College

Founded in 1965, Colorado Mountain College provides a diverse range of learning opportunities at its 11 campuses across Colorado’s rural mountain resort communities, and online. Accredited by the Higher Learning Commission, CMC serves over 14,000 undergraduates and community members each year offering over 125 certificates and degrees. Recognized for its commitment to accessibility, excellence and workforce training relevant to Colorado’s outdoor, tourism and knowledge-based economy, Colorado Mountain College is among the lowest-cost institutions in Colorado and has one of the most affordable bachelor’s degrees in the country, according to the U.S. Department of Education.

About Colorado Mountain College Foundation

Founded in 1985, the CMC Foundation builds sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students. The CMC Foundation is governed by an independent board of directors and has $28 million in assets under management.  Learn more: https://coloradomtn.edu/foundation/ 

About Meratas

Meratas is the leading ISA program manager, providing a full-service, turnkey, platform to design, originate, and service incentive-aligned tuition products. Universities and skills-training institutions partner with Meratas to achieve clear strategic objectives: improved retention, increased enrollment, and better outcomes tracking. With Meratas, schools can quickly and cost-efficiently launch a fully customized ISA program with best-in-class scalability and an unparalleled emphasis on provider and consumer benefits. Learn more at www.meratas.com

About the author

Picture of Darius Goldman

Darius Goldman

Darius Goldman is the Founder and CEO of Meratas, a fintech infrastructure company empowering Learning Institutions with turnkey software for smarter, simpler, educational financing. As CEO, Darius leads the overall vision at Meratas, where he is particularly focused on product development and policy issues. Before founding Meratas, Darius was a corporate attorney for over 12 years, where he most recently served as practice group leader and head partner for the special situations group at the international law firm Katten Muchin Rosenman LLP. Outside of the office, you’ll find Darius spending time with his three kids, splitting wood, and making the frequent Costco run.
This post was prepared by the author, in her/his personal capacity. The views expressed are her/his own, and do not necessarily reflect the views of Meratas Inc.
The information contained in this site is general in nature and should not be considered to be legal, tax, accounting, financial or other professional advice. In all cases, you should consult with professional advisors familiar with your particular situation prior to making any important decisions. Although every effort has been made to provide complete and accurate information, Meratas Inc. makes no warranties, express or implied, or representations as to the accuracy of this content. Meratas Inc. assumes no liability or responsibility for any error or omissions in the information contained herein or the operation or use of these materials. Copyright 2022

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We endeavor to ensure that the information on this site is current and accurate but you should confirm any information directly with your selected learning institution and read the information they provide.  Although every effort has been made to provide complete and accurate information, Meratas makes no warranties, express or implied, or representations as to the accuracy of content contained herein, which has been provided to us by our school partners.. We assume no liability or responsibility for any error or omissions in the information contained herein or the operation or use of these materials.