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I'm Getting Interviews, I'm Just Not Passing DSA Questions

3 of Michael's comments in this thread · View thread on Reddit ↗

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

Look into interview prep bootcamps like Outco, Formation, Interview Kickstart, etc. Michael Novati, the CTO and a cofounder of Formation, claims on Reddit that Formation's ISA gets forgiven 1 year after you leave the program (if you choose to leave the program) and you do not fi

u/michaelnovati replied · · edited ★ FEATURED
There is some confusion, but a simple answer. We had an old ISA that we stopped offering a few months ago that was forgiven if you left the program without a job and don't have any job paying over 65K. We replaced that with 3 payment options and one of them is similar to an ISA but is not forgiven unless you leave early and make under 55K for several years. So there are many people at Formation with the old ISA and the new ISA which understandably causes confusion. Many programs have gone through this transition over the past few months as well. If you are ever confused, DM me or contact someone on the Formation team because it's really important for everyone's sake that you thoroughly understand the payment method you choose and we have 4 different ones right now!!!

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

> We replaced that with 3 payment options and one of them is similar to an ISA but is not forgiven unless you leave early and make under 55K for several years. What does "several years" mean? Why not just say the exact number of years in your Reddit comment?

u/michaelnovati replied · · edited
I'm in bed with a fever and I have to look it up because I forget if it's 3 or 5 years but I'll get back to you

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

I'm in bed with a fever and I have to look it up because I forget if it's 3 or 5 years but I'll get back to you

u/michaelnovati replied · · edited ★ FEATURED
This has all the details: https://www.stridefunding.com/formation. You are better off reading the 4 ways the loan ends rather than me trying to summarize. The new ISA is directly with Stride so we don't have any say or influence over your terms and you need to get the final answer from them directly.