You can think of an ISA as income insurance. If at any point during your repayment window you drop below the minimum income of $40,000/yr, you will not pay anything that month. In traditional loans, you will have monthly payments no matter what your financial situation is.
With an ISA, you pay a percentage of your monthly income to make sure that it is proportional to your success in your career. Our school is literally invested in your success!
An ISA is a contract between you and your school that allows you to attend school without paying any tuition upfront. Once you graduate and are earning above a predefined minimum income, you agree to pay a small percentage of your income for a fixed period of time, with a predetermined cap. Plain and simple.
If you change start dates before your cohort starts, no sweat! We’ll simply transfer you to your chosen start date, and update your ISA contract.
Unfortunately this would not be possible after you begin classes. With flexible tuition options, there’s something for everyone. If you want to switch to a payment plan, pay-by-course, or student loan before your cohort starts, we’d be happy to switch that for you!