Why an ISA?

Why Flatiron's ISA?

Income Share Agreements (ISAs) are a form of deferred tuition, allowing you to focus on learning — not making payments. With Flatiron School’s online ISA – available in our full-time and part-time online courses in select states –you pay $0 upfront and nothing toward your tuition until after you’ve left the program and are earning at least the minimum income threshold described below — regardless of job type or industry.

Students eligible to enroll in Flatiron School’s online ISA must live in the following states: Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, Washington D.C., and West Virginia.

Get started right now for $0 upfront.

Tuition Payment Cap

With Flatiron School, you’ll never pay more than 1.5x the ISA portion of the tuition amount in connection with our online ISA.

Learn First, Pay After You're Hired

When you enroll in one of our full-time or part-time online course ISAs, you’ll pay $0 upfront – no deposit required. After that, you don’t pay a dime until you’re earning the minimum monthly income threshold described below.

Robust Career Services

Our career services team has a proven track record helping students get jobs. You’ll work 1:1 with a dedicated career coach on employer networking, résumé review, interview prep, and even salary negotiation.

How It Works: 4 Steps
How it works

How It Works: 4 Steps

Step 1 → No Upfront Tuition

Secure your seat in class with our admissions team. If you don’t get a job within six months of graduation and you comply with all of the terms of our Money-Back Guarantee (see those terms here), you get it back.

Step 2 → Learn and Graduate

Whether it’s software engineering or data science, Flatiron School’s cutting-edge online curriculum teaches you the skills you need to launch a career in tech.

Step 3 → Get That Job

Work one-on-one with a dedicated career coach to find a job that’s right for you. If you’re making at least the minimum income threshold ($3,333.34 gross income per month, equivalent to $40,000 per year), your monthly payments begin with 10% of your monthly gross income starting three months after you’ve left the program. Our Career Services team is here to support you with a robust employer pipeline, résumé review, interview prep, and even salary negotiation.

Step 4 → Start Paying Back Tuition

Once you’re making at least the minimum income threshold, make monthly payments equal to 10% of your gross monthly income until you reach the ISA payment cap, make 48 payments, or 96 months have passed since the end of your grace period. Whichever comes first.

Estimated Cost

Example Scenarios

$48,000 Annual Income

Smaller payments. More overall payments.

Let’s say you live in California  and enroll in Flatiron School’s $15,000 full-time Online Data Science course. You graduate, land a data science  job, and your starting salary is $48,000. Congrats! With an annual salary of $48,000, you make roughly $4,000 monthly. Take 10% of that, and you’d pay $400 toward your tuition every month. 48 months times $400 is $19,200. So, after those 48 months plus your initial up-front deposit, you’d have paid $21,200 and you’d be all set.

$96,000 Annual Income

Larger payments. Fewer overall payments.

Further, let’s say you take the same course based in California, but this time your job’s starting salary is higher. This time your salary is $96,000, and you’re earning roughly $8,000 a month. Take 10% of that, and you’d pay $800 toward your tuition every month. 48 months times $800 is $38,400.  That’s a lot higher than the $21,200 you’d pay with that lower salary, but would you really pay $38,400 in total? Nope, because that’s where the ISA payment tuition cap comes in — you’d pay a total of $22,500.

Estimated Total Tuition Costs by Income

The tuition cost and other figures shown in the table below are for illustrative purposes only and may not reflect your actual tuition charges and ISA terms.

Annual incomeCourse tuitionISA tuition amount ISA payment cap (1.5x ISA tuition amount)Monthly payment amount (10% of monthly gross income)Total payments (max of 48)Total amount you would pay (ISA cap)
$120,000$15,000$15,000$22,500$100023*$22,500*
$90,000$15,000$15,000$22,500$75030*$22,500*
$72,000$15,000$15,000$22,500$60038*$22,500*
$40,000$15,000$15,000$22,500$33348*$16,000*
$36,000$15,000$15,000$22,500$00*$0*
Availability

States Where Online ISAs are Available

Full-time and part-time online courses

Arizona, California, Connecticut, Colorado, Florida, Georgia, Hawaii, Idaho, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, Washington DC, and West Virginia.

Schedule a Chat With Admissions

Schedule a Chat With Admissions

If you have any questions about how Flatiron School’s ISA works, please reach out to our Admissions team, which is more than happy to help.

And remember, if you have access to a financial advisor, we always recommend consulting with them to explore what tuition and financing options are best for you.

FAQs

Terms & FAQs

The Flatiron School Online Income Share Agreement (ISA) aligns total cost with post-program income. You do not need to make an initial payment upon enrolling at Flatiron School, but agree to pay 10% of your monthly gross income once you leave the program and are earning at least $3,333.34/month (equivalent to $40,000/year). Following a three-month grace period, you’ll make a maximum of up to 48 monthly payments over a maximum payment window of up to 96 months (8 years )— but only when you’re earning at least the minimum income thresholddescribed above. If you’re not earning at least the minimum income threshold in a particular month, you don’t pay anything.

What’s the Flatiron School Online ISA?

The Flatiron School Online ISA is an income share agreement (ISA): a deferred tuition for qualifying students in which an amount is credited towards the student’s tuition in exchange for the student paying an agreed upon percentage of post-program income over a defined period of time. This does not remove the financial obligation of tuition, but rather ties it to post-program income once a student meets the minimum monthly income threshold.

Why are you offering this program?

Our goal in offering ISAs is to align education expenses with post-program income and to give students of all backgrounds the opportunity to attend Flatiron School, without worrying about income restrictions. Lastly, we want students to be able to focus on learning during their time at Flatiron School. This is us investing in your success.

We know every student’s situation is unique, which is why giving students a variety of options to pay for their education is our priority. In addition to the Flatiron School Online ISA, we also offer student financing through Skills Fund and Climb, as well as numerous scholarships based on need, merit, and in support of increasing diversity in tech.

Who’s eligible?

The Flatiron School Online ISA is currently available to students living in the following states:

Arizona, California, Connecticut, Colorado, Florida, Georgia, Hawaii, Idaho, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, Washington DC, and West Virginia.

Additional eligibility requirements include being a U.S. citizen or permanent resident and being 18 years or older. Schedule a Q&A to get more information on online ISA eligibility.

How do payments work?

  • Students receive a three-month grace period after leaving Flatiron School when no payments will be required.
  • Once the grace period ends, students will pay 10% of their monthly gross income, if the student is earning a monthly gross income of at least $3,333.34 (equivalent to $40,000/year). Students will receive a monthly bill for this amount, and they can make their payments online, over the phone, or via mail.
  • Following the three-month grace period, students have up to 96 months (8 years) to make the 48 required monthly payments. You won’t make a payment unless you’re making at least $3,333.34 per month in gross income (equivalent to $40,000 per year). Students’ ISA balance is waived after 8 years if they did not earn at least the minimum monthly income threshold and therefore were not required to make 48 required payments. No payments are required during months when students’ income is below the minimum income threshold.
  • There is a 1.5x payment cap, meaning students will never pay more than 1.5 times the Tuition Credit Amount under the ISA.

Further Details

Further Details About Estimated Total Costs by Income Table

$120K Income ISA Number of PaymentsThe student pays $1,000 per month under the ISA and reaches the Payment Cap of $22,500 after 23 monthly payments (the last of which is only $500).

$90K Income ISA Number of Payments — The student pays $750 per month under the ISA and reaches the Payment Cap of $22,500 after 30 monthly payments.

$72K Income ISA Number of Payments — The student pays $600 per month under the ISA and reaches the Payment Cap of $22,500 after 38 monthly payments (the last of which is only $300).

$40K Income ISA Number of Payments — The student pays $333.33 per month under the ISA and makes such payments for 48 months. The student does not reach the Payment Cap. However, the student has satisfied the ISA by making 48 payments.

$36K Income ISA Number of Payments — The student’s earned income is below $3,333.34 during each month, and thus the student does not make any ISA payments.

$120K ISA Total Amount Paid — The amount paid is $22,500 under the ISA.

$90K ISA Total Amount Paid — The amount paid is $22,500 under the ISA.

$72K ISA Total Amount Paid — The amount paid is $22,500 under the ISA.

$40K Income ISA Total Amount Paid — The amount paid is $16,000 under the ISA.

$36K Income ISA Total Amount Paid —The amount paid is $0.

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