What are some success stories related to income share agreements?

What are some success stories related to income share agreements?

Income share agreements (ISAs) have helped many students fund their education. For instance, a coding bootcamp in San Francisco reported that 85% of its ISA students secured jobs within six months of graduation, often earning salaries significantly higher than their previous jobs.

Can you tell me more about how ISAs work?

Sure! ISAs allow students to pay for their education by agreeing to pay a percentage of their future income for a set period after graduation, rather than taking on traditional student loans.

What are the benefits of using an ISA?

The main benefits include reduced financial risk for students, as payments are based on income, and the potential for more accessible education funding.

Are there any drawbacks to ISAs?

Yes, some drawbacks include the potential for high repayment amounts if graduates earn a high salary, and the lack of regulation in some cases, which can lead to unfavorable terms.

Can you share a specific success story?

Absolutely! One notable success story is that of a student who used an ISA to attend a data science program. After graduating, they landed a job with a tech company, earning $100,000 a year, and were able to pay off their ISA quickly.