Basis Zero: the recuperable grant.
A 0% recuperable grant, repaid based on ability to pay and recycled into the next cohort.
How the grant works.
0% interest, from the first day.
Nothing is added to the repayment, ever.
Repayment based on ability to pay.
Repayments begin after graduation and a grace period, and pause in any year income falls below the threshold.
Never more than the grant.
Total repayments stop at the amount of the grant.
Forgiven after ten years.
Any amount still outstanding after ten years is forgiven.
How the program runs.
Scholar Opportunity Fund runs the Basis Zero Program, and every recuperation funds the next cohort. Any institution’s fund can run it on the same platform.
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