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Has anyone had experiences with leif?

r/codingbootcamp

u/FA-69-7 wrote (the comment Michael replied to):

Who are they and what do they do?

u/michaelnovati replied ·
Leif administers income share agreements and other deferred payment options on behalf of schools, bootcamps, and other training programs. They operate on behalf of programs though so they don't have much skin in the game themselves. They are kind of like Visa or MasterCard for deferred payments and they take a processing fee for each payment. Leifs job is to check your salary and income and facilitate your deferred payments after you finish a program. Behind the scenes they often also offer loans to programs to pay for their teaching costs because you need money to pay for instruction if someone is deferring their payments far into the future. But this doesn't really impact the student side.