← Timeline

BloomTech CEO fined $100,000 for "Deceiving Students", must stop collecting payments

r/codingbootcamp

u/OutForAWalkBeach wrote (the comment Michael replied to):

hey, do you know who I can contact to have my ISA canceled? I emailed and called leif.org and emailed Bloom and only got a canned response from leif saying they will respond to my request but they don’t have a timeline. I was in Lambda School (now Bloom) UX Design Program from 20

u/michaelnovati replied ·
I have no idea and haven't heard anything. Only ISAs for people who didn't get a job within 12 months are supposed to get fully cancelled (which is reasonable, the ISAs we had offered in the past had the same clause and even that felt like the most that would be reasonable). But it also sounds like there are a number of other buckets of people to work through. People who made payments but might have paid more in interest than was advertised might get refunded some amount. And then people with valid ISAs who got jobs I think still have to pay but possibly get to transfer their payment method to a different type. So I would genuinely give them time. Almost all of the execs at BloomTech have departed and a lot of people at Leif have also departed. Given the government involved I'm sure no one wants to screw up the processing and it will take quite some time, but that they will do everything right.