RefactorU Partners With Pave to Provide Financing for Rising Web Development Talent

RefactorU has partnered with Pave, an innovative new funding platform, to provide alternative financing options for prospective students who want to learn web development and other skills.

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RefactorU is excited to be working with Pave to enable talented individuals to pursue a variety of learning experiences to broaden their personal and professional horizons without the risk and burden of traditional student debt financing.

Boulder, Colorado (PRWEB) May 06, 2014

Boulder, CO based RefactorU has partnered with Pave (http://www.pave.com), a peer-to-peer investment platform where up-and-coming, talented individuals can raise funding from experienced professionals to pursue their chosen careers. In exchange, the “Talent” make flexible payments that adjust to reflect their level of income over 5 or 10 years, while Backers can provide the value of their experience to help the talented individual’s chance of success.

Through an innovative Income-linked Payment Agreement (IPA) and proprietary income model, Pave simulates the earnings of each applicant for the duration of the funding agreement and provides guidance to set a funding rate for Talent. According to Pave’s co-founder Oren Bass, “Our model back solves for the income the Talent would need to share in order to provide his or her backers with a 7% annualized return. The result is a calculated funding amount, which identifies how much the Talent can raise for each 1% of income shared. Once the Talent has this information, he or she can determine how much funding to raise by linking payments that represent a small, affordable percentage (never more than 10% and often less) of personal income earned for the duration of the agreement.”

RefactorU’s core offering is currently a 10-week, full-stack, Javascript-based, web application development course, which successfully turns early-to-mid career professionals into top-notch, entry-level web developers. Sean Daken, RefactorU’s Founder and CEO commented, “Typically several applicants in each of our immersive courses are actively seeking funding alternatives. This is especially true of people who are already saddled with student debt and for which the transition to another career appears out of reach. RefactorU is excited to be working with Pave to enable talented individuals to pursue a variety of learning experiences to broaden their personal and professional horizons without the risk and burden of traditional student debt financing.”

Pave offers RefactorU applicants the ability to fund 100% of RefactorU’s tuition with no cash down, with the availability of 5 or 10-year terms, and an expedited application process. Interested parties can learn more about these options by visiting http://refactoru.com or http://hello.pave.com/refactoru.

Above Pave

Pave was founded in 2012 to provide the means for talented, motivated individuals to accelerate in their chosen careers; and for experienced, successful professionals to have a direct, substantive impact in helping groups they care about achieve similar success. Based in NYC, Pave was created by a motivated team with expertise in law, structured finance and social networking at companies such as Apple, Facebook, Goldman Sachs, McKinsey, Microsoft and Visa.

About RefactorU

Founded in 2013 and based in Boulder, Colorado, RefactorU accelerates the learning and development of the world's aspiring creatives, makers, and technologists. RefactorU empowers individuals to reinvent themselves to meet the needs of today's technology-driven economy while building lifelong professional networks for the future. RefactorU enables hiring managers to significantly improve bench strength while increasing employee retention and reducing risk.


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RefactorU accelerates the learning and development of the world's aspiring creatives, makers, and technologists.