Why an ISA?

Why Flatiron's ISA?

Income Share Agreements (ISAs) are a form of deferred tuition, something worth exploring if you don’t want to empty your saving account or don’t want to take out a traditional loan. With an ISA, you pay nothing toward your tuition until after you’ve graduated and accepted your first job offer. You don’t pay until you’re earning income. All we need is a refundable deposit before class begins to lock in your seat.

Favorable Tuition Payment Cap

Many ISAs have a 2x tuition payment cap. With Flatiron School, you’ll never pay more than 1.5x standard tuition.

Learn First, Pay After You're Earning

All that is required is a refundable deposit before class to lock in your seat. After that, you don’t pay a dime until your salary can handle it.

Robust Career Services

Our career services team has a long, proven track record helping students get jobs. Students can aspire to change their career with confidence.

How It Works: 4 Steps
How it works

How It Works: 4 Steps

Step 1 → Refundable Deposit Before Class

Lock in your seat with a $2,000 refundable deposit. If you don’t get a job within six months of graduation and 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, learn with Flatiron’s cutting-edge curriculum that teaches you the skills necessary to launch a successful career.

Step 3 → Get a Job and Start Earning

Work with our Career Services team to find the role that is right for you. If you’re making at least $40,000 annually, your monthly payments begin with 10% of your monthly gross income.

Step 4 → Start Paying Back Tuition

Once you’re making at least $40,000 annually, make monthly payments equal to 10% of your gross monthly income until you reach $21,500 or make 48 payments. Whichever comes first.

Estimated Cost

Example Tuition Scenarios

$48,000 Annual Income

Smaller payments. More overall payments.

Let’s say you’re in Chicago and enroll in Flatiron School’s $15,000 software engineering course. You graduate, land a software engineering 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, you’d have paid $19,200 and you’d be all set.

$96,000 Annual Income

Larger payments. Fewer overall payments.

Further, let’s say you take the same course in Chicago, but this time your job’s starting salary is higher. This time your salary is $96,000, and you’re making 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 $19,200 you’d pay with that lower salary, but would you really pay $38,400 in total? Nope, because that’s where the tuition cap comes in — you’d pay $21,500.

Estimated 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 tuitionRefundable depositISA tuition amount (course tuition minus deposit)ISA cap (1.5x ISA tuition amount)Monthly payment amount (10% of monthly income)Total payments (max of 48)Total amount you would pay (ISA cap + deposit)
$120,000$15,000$2,000$13,000$19,500$100020*$21,500*
$90,000$15,000$2,000$13,000$19,500$75026*$21,500*
$72,000$15,000$2,000$13,000$19,500$60033*$21,500*
$40,000$15,000$2,000$13,000$19,500$33348*$18,000*

Courses Where ISAs are Available

Currently, Flatiron School’s Income Share Agreement is available for select courses at our Atlanta and Chicago campuses. As we expand our ISA program, this page will be updated.

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 Income Share Agreement (ISA) aligns tuition payments with post-program income. You’ll make a $2,000 initial payment upon enrolling at Flatiron School and agree to pay 10% of your monthly gross income once you complete the program and are earning at least $3,333.34/month (equivalent to $40,000/year). Following a six-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. If you’re not earning at least the minimum income, you’re not paying.

What’s the Flatiron School ISA?

The Flatiron School ISA is an income share agreement (ISA): a financial obligation in which an amount is credited towards the student’s tuition in exchange for the student paying an agreed upon percentage of post-graduation income over a defined period of time.

Why are you offering this program?

Our goal in offering ISAs is to align education expenses with post-program income. 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 new Flatiron School 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 ISA is currently available to students attending our on-campus career courses in the select cities above, with more courses and locations to come. Additional eligibility requirements include being a U.S. citizen or permanent resident and being 18 years or older. Schedule a Q&A with our Admissions team to get more information on ISA eligibility.

How do payments work?

  • Students make a $2,000 initial down payment upon enrolling in Flatiron School.
  • All students receive a six month grace period after graduation when no payments will be required.
  • After the grace period ends, students will pay 10% of their monthly gross income if the student is  earning a monthly 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 six-month grace period, students have up to 96 months (8 years) to make the 48 required monthly payments (with payments being required if the student is earning at least the minimum monthly income of $3,333.34). Students’ tuition balance is waived after 8 years if they did not earn at least the minimum monthly income and therefore were not required to make 48 required payments. Payments are not required during months when students’ income is below the minimum income threshold.
  • There is a 1.5x cap on the agreement, meaning students will never pay more than 1.5 times the Tuition Credit Amount under the ISA (plus the initial payment).

When have I completed the agreement?

Students complete the ISA when any of the following occurs:

  • You make 48 monthly payments.
  • You hit the payment cap.
  • 96 months (eight years) have passed since the end of your grace period.

What if I don’t get a job, or the job doesn’t pay enough?

Payments are not required during months when a student’s income is below the minimum income threshold.

For students who comply with the Career Services Commitment and don’t receive a job offer within six months of the job search start date, the down payment is refunded and the tuition balance is waived (see terms and conditions here). This option is available to Flatiron School students regardless of whether they finance their tuition with an ISA.

If I get a job outside the tech industry, do I still need to make ISA payments?

Payments are based on earning a minimum income, not based on job type or industry. There are no requirements stipulating the nature or type of employment that students choose. If you are earning at least the minimum monthly income—regardless of job type or industry—you will be required to make the monthly payments.

Have more questions? Read this resource or schedule a Q&A with our Admissions team today to learn more.

Further Details

Further Details About Estimated Tuition Costs Table

$120K Income ISA Number of PaymentsThe student pays $1,000 per month under the ISA and reaches the Payment Cap of $19,500 after 20 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 $19,500 after 26 monthly payments.

$72K Income ISA Number of Payments — The student pays $600 per month under the ISA and reaches the Payment Cap of $19,500 after 33 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.

$120K ISA Total Amount Paid — The amount paid is $19,500 under the ISA, plus the $2,000 down payment, for a total of $21,500.

$90K ISA Total Amount Paid — The amount paid is $19,500 under the ISA, plus the $2,000 down payment, for a total of $21,500.

$72K ISA Total Amount Paid — The amount paid is $19,500 under the ISA, plus the $2,000 down payment, for a total of $21,500.

$40K Income ISA Total Amount Paid — The amount paid is $16,000 under the ISA, plus the $2,000 down payment, for a total of $18,000.

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