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FinWise Bank loans made available to you through the Clasp Platform are not endorsed by Roseman University.
One gap shouldn't stand between you and your degree.
The finish line is within reach, don't let a funding gap stand between you and it. You're in good company. Coming up short on tuition near the end happens far more often than people let on, and it's rarely where the journey has to stop. Roseman University built this program to make sure a single shortfall never stands between you and the degree you've worked for.
Apply NowHow It Works
The Income Share Loan(ISL) Program made available through the Clasp Platform¹ offers flexible financing so you can focus on learning now and paying later.
Enroll with Roseman University
Get accepted in a Roseman University Nursing(ABSN) or Pharmacy(PharmD) Program.
Apply for an Income Share Loan (ISL)
Complete the application process on the Clasp Platform. You will need your program name and cohort date, your amount of financial need and one reference/communication contact.
Focus on learning
Make no payments while in-school. Payments begin once you graduate (or leave) the program and earning at least $40,000 per year ($3,333.33 per month)².
Start making payments
After you graduate or leave the program, you just set up your servicing account with your servicer and start making payments!
A Calling Worth Finishing
Roseman University exists to strengthen the health and wellness of entire communities and few people carry that work more directly than pharmacists and nurses. The PharmD and Accelerated BSN graduates who leave Roseman go straight to the front lines of care: filling the prescriptions, staffing the floors, and steadying patients through their hardest days.
Which is why a student stalling out over money, after doing everything asked of them, is more than a personal setback. It's one less pharmacist behind the counter, one less nurse at the bedside, in communities that already need more of both.
So Roseman partnered with Clasp to make sure that doesn't happen. When a future PharmD or ABSN student has earned their seat, exhausted their grants, and pursued every form of aid available, only to fall short of the final stretch, this program steps in. The shortfall ends there.
What is an ISL?
An ISL is a contract in which a student receives educational funding in exchange for an agreed-upon percentage of future income over a defined period of time.
Students accepted into the ISL program made available through the Clasp Platform¹ will first complete their program at Roseman University. Then, only once they've left the program and are earning at least the minimum income threshold, they’ll start paying back a monthly percentage of their income over the course of their payment period.²
Fixed Percentage
A fixed percentage that never changes.
Minimum Income Threshold
You make payments after you meet the minimum income threshold for your program.
Maximum Payment Cap
A total payment cap will limit how much you are required to pay. No participant will ever pay more than their payment cap, or their maximum implied APR, whichever is lower.²
No co-signer needed.
No co-signer needed. Ever.
Important Terms
Maximum Payment Cap
No matter how much you earn, the Multiple Payment Cap limits the total amount you will repay. Your payment obligation ends once your cumulative monthly payments reach the cap amount, which is 1.6x your original loan amount for the Nursing(ABSN) program and 1.4x your original loan amount for the Pharmacy program. Example: If you borrow $52,500, your payments will end once you have paid a total of $84,000 for the Nursing(ABSN) program, even if you have not reached the end of the repayment term.
Maximum Repayment Term
The Maximum Repayment Term is a limit on how long you can ever be asked to pay. It starts when your payments begin and counts every month after that. This includes months when you make a payment and months when you don’t have to pay because you earn too little; but those low-income months only count if you provide the required income documentation. So the time keeps running whether you pay that month or not. When the Maximum Repayment Term ends, you are finished and owe nothing more, no matter how much you paid or how many payments you made.
Get to know the numbers
No payments until you make at least $40,000 per year ($3,333.33 per month)².
Allowing you to plan for the future and major milestones.
6 months before repayment begins. Focus on getting a great job, not making payments.
What Happens After?
Here's exactly what happens next — no surprises.
We want you to go into this with total clarity. No hidden terms. No gotchas. Here's how repayment works after you graduate or leave the program.
Your finish line
No payments during school — none. Your only job while enrolled is to focus on your program and graduate or leave the program.
Grace period
You'll have a 6 month grace period² after you complete (or leave) before your first payment is due, giving you time to settle before anything is expected of you financially.
Keep us in the loop
This is an Income Share Loan. Your payments are tied to your income, and there is a minimum income threshold — make sure you provide your income documents!
Finish making payments
Your total repayment is capped. Once you've made 84 monthly payments, reached the maximum repayment amount, or reached the maximum implied APR, whichever comes first, your obligation is fully satisfied.²
Ready to apply?
Frequently Asked Questions
¹ Clasp is not a bank. Loans are issued by FinWise Bank, a Utah-chartered bank, Member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
² The effective Income Share Percentage (“ISP”) on your Income Share Loan (“ISL”) is a fixed percentage of your monthly gross-income and will range between 0.41-8.00% for the Nursing (ABSN) program and 0.43-4.46% for the Pharmacy (PharmD) program for a period of 84 months after the beginning of your payment term. Monthly payments are required and will vary greatly in amount because they depend on your specific ISP and your reported monthly gross-income. Monthly repayment amount is based on your designated ISP and monthly gross-income, not an Annual Percentage Rate (“APR”); the APR you actually pay will be dependent on your actual ISP and gross-income for the entire duration of the loan repayment period.
To help illustrate how much you might pay on your ISP in the Nursing (ABSN) program, we are providing the following example showing the total monthly payments for loans that have the maximum ISP. This repayment example assumes an an ISP of 8.00% (highest possible ISP), a financed amount of of $52,500.00, disbursed in two equal disbursement during the academic year, an 84-month repayment period, and 18 months until graduation plus 6-month grace period. If your salary started at $150,000.00 and didn’t increase over the next 84 months, your monthly payments would be $1000.00 per month and would end after making total overall payments of $84,000.00 over 84 months, with an APR of 9.31%. Note: The number of months until graduation used to estimate the payment schedule above may not be applicable to you.
For this example, your total monthly payments would end after 84 months even though you would not have reached the Maximum Implied Annual Percentage Rate of 21.00%, because you have reached your required number of Maximum Monthly Payments first, assuming that you have no deferrals or other pauses to your payments. You may repay more or less than the amount you received, depending on your specific circumstances. Your loan has a maximum payment period 120 months inclusive of any months where monthly payments are made as well as any months that are deferred months after you leave or graduate from your program.
To help illustrate how much you might pay on your ISP in the Pharmacy (PharmD) program, we are providing the following example showing the total monthly payments for loans that have the maximum ISP. For this example, we are assuming an ISP of 4.46% (highest possible ISP), amount financed of $26,829.00, 84-month repayment period, and 18 months until graduation plus 6-month grace period. If your salary started at $100,000.00 and didn’t increase over the next 84 months, your monthly payments would be $371.67 per month and would end after making total overall payments of $31,220.28, over 84 months, with an APR of 2.92%. Note: The number of months until graduation used to estimate the payment schedule above may not be applicable to you.
For this example, your total monthly payments would end after 84 months even though you would not have reached the Maximum Implied Annual Percentage Rate of 21.00%, because you have reached the Maximum Monthly Payments first, assuming that you have no deferrals or other pauses to your payments. You may repay more or less than the amount you received, depending on your specific circumstances. Your loan has a maximum payment period 120 months inclusive of any months where monthly payments are made as well as any months that are deferred months after you leave or graduate from your program.
³ There is no credit check required to receive a quote. If you choose to submit an application for funding, a hard credit pull will be performed at that time. Your credit score or history isn't the only thing that decides your approval or denial, but your credit will be checked.
Valid as of June 29, 2026.