The MiTio Blog

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MiTio Secures $20mm in Capital to Grow Income Share Agreement Program and Increase Access to Medical Interpreting Training

Posted by Donnie Lee on Nov 17, 2020 4:57:00 PM

The Medical Interpreting and Translating Institute Online (MiTio), today announced the close of $20mm in growth financing to drive the expansion of their Income Share Agreement program. MiTio is the nation’s oldest medical interpreter training program, and the first in the country to offer Income Share Agreements. The capital will allow MiTio to increase access to its training program and provide bilingual students the training necessary to secure a role in the certified medical interpreter industry, projected to grow 20% by 2029 - five times faster than average. Income Share Agreements demonstrate MiTio’s dedication to student success by providing outcomes-aligned financing while simultaneously opening its high-quality education and upward career mobility opportunity to low-income bilingual individuals across the United States.

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Topics: Medical Interpreter, Medical Interpreting, education, MiTio Family, Leif, ISA