The Flatiron School, a coding bootcamp program founded in New York City, has launched a new financing option for classes for students enrolling in its Washington, D.C. campus.
The income share agreement (ISA) was put in place to reduce educational financial barriers and will allow students defer their tuition payments until after they graduate and secure a job, according to a press release. D.C. joins Atlanta, Chicago and Denver in offering the income share agreement at Flatiron campuses.
“We believe in the transformative power of education, which is why we’re laser-focused on delivering the best education available and helping to get our students jobs in the field,” Flatiron School CEO and cofounder Adam Enbar said in a statement. “To make education truly impactful it has to be accessible. The Flatiron School ISA will give more students the opportunity to change their lives and access the careers of their dreams through an unparalleled education from Flatiron School.”
The ISA option does come with set rules and stipulations, including:
- A refundable $2,000 deposit — Students can get their money back if they do not secure employment within six months of graduation.
- Once graduates secure a job making at least $40, 000 annually, they are required to start making monthly payments equal to 10 percent of their gross monthly income until they reach $21,500 or make 48 consecutive payments, whichever comes first.
The ISA is eligible for Flatiron D.C.’s 15-week software engineering course and upon completion, students will work closely with career services to secure employment post-graduation.
Byte Back and Sorcero are teaming up to integrate AI into tech classrooms
Flatiron School and SeatGeek are partnering to offer women in tech $200K in scholarships funds
Society for Science & the Public awards $120K in STEM grants to 35 science teachers
This fast-growing SaaS company aims to be a force for change in the energy industry
Online and tech-supported giving to schools up 27 percent in 2018, GiveCampus finds
Northern Virginia Community College becomes center for cybersecurity training
Urban Alliance awarded $1 million grant from AT&T to expand high school internships in DC
Hear from the privacy pros at Security by the Schuylkill
Sign-up for daily news updates from Technical.ly Dc