Give back to your fanbase, allowing them to take a share in your success. You get cash up front, and investors earn as you earn.
NILLY reviews all applications and determines NIL earning potential based on a variety of factors such as School, Sport, Position, and Social Media Following. Using this valuation, NILLY can present terms to all athletes interested in a cash advance. The total amount athletes owe is determined by their success earning NIL income. NILLY advances therefore are inherently fair - matching student-athlete payments with their ability to pay.
Instead of earning NIL income over time, access your value today. Receive cash you would otherwise earn over several years to further bolster your academic and athletic ventures. If you fail to earn NIL income, you will not be burdened with payments.
With many traditional fixed-rate or variable rate personal loans, a monthly payment does not change based on the borrower’s income. In other words, the borrower is expected to make the payment regardless of whether they are earning income. NILLY repayment is based strictly on the athlete’s NIL income.
Payments with income based repayment are not infinite. Unlike other athlete advance options, NILLY places a cap on the total amount to be repaid. Once the athlete reaches this cap, if ever, the repayment process is complete. Student-athletes are protected from immensurate repayment terms.
GradReady financal literacy training teaches students how to manage their debt obligations and build general personal finance knowledge.