u/devslopesacademy wrote (the comment Michael replied to):
The problem is most bootcamps won't assist you in landing a job, nor teach you the proper skills you need to land a job. A 3-6 month bootcamp can lock you into an ISA. Then once you've completed it, it doesn't matter if you have a programming job or not.
u/michaelnovati replied ·
Yeah 100%, I've talked to most of the ISA providers over the years and the market downturn really humbled a lot of bootcamps financially.
I think the sentiment is turning towards this "Income Share Loan" branding, so that the relationship is more clear going forward.
But like you said, bootcamps full of teachers who teach are teaching, and the fact that there is this contractual impact of a job doesn't make sense. If the market is amazing then it works, and it would work for every loan, like buying a car haha.
If the market is not, then it doesn't work.
Bootcamps themselves have very little to no control over the market so offering ISAs isn't a great idea for them either.