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coding bootcamp that offers ISA/deferred payment option to California residents?

r/codingbootcamp

u/michaelnovati replied ·
The old school ISA: I think Coachable might be the only place where you just owe them later on and things aren't done following the latest regulations and you just owe them when you get a job. All ISAs from legitimate providers have become "income share loans" where you take out a "loan" for the upfront cost and you pay back the loan with a percent of your income for some time, until you pay back the loan with interest. It's basically a loan where you only make payments if you have a job vs a loan where you have to make payments regardless.... but that loan will follow you and the providers are clear that you are taking out a loan for the upfront cost and no messing around. We provided more old school style ISAs with an ISA provider and they just don't work well because even if people sign clear paperwork on what they will owe, they don't feel the true cost until they get a job or they give up too easily on finding a job because they don't feel like they have spent any money yet so they could just walk away. I really like the newer ISAs that make it clear that you are effectively borrowing to pay the upfront tuition and paying that back with interest.