u/JohnWangDoe wrote (the comment Michael replied to):
But Formation has me locked in at $25,000 ISA
u/michaelnovati replied · ★ FEATURED
We don't have any ISAs that cost exactly $25,000 so I'm happy to explain your ISA better if you ping me internally! There is a cap to make sure your ISA has an upper bound that is meant to be a positive feature for you and that is not the amount you owe necessarily. The amount you pay back depends on your salary so for this specific "full option", $25K is the cost if you get a BASE SALARY of $167K or higher.
In the past few months we have clarified our payment options to help explain this so hopefully this will only be clearer in the future that the ISA option (which is just one of many) is an alternative to paying the upfront cost but with a higher cost for the luxury of deferring payment.
The price of Formation varies by experience and needs, as it is a mentorship platform as opposed to a form of education, so that was an example for making a simplified point, but for anyone reading, you need to apply and talk to a team member to get the cost for you specifically.