The Flatiron School ISA is an Income Participation Agreement (ISA): a deferred education for qualified students, in which an amount is credited for the student`s education, in exchange for the student`s payment of an agreed percentage of post-school income over a period of time. This does not remove the financial obligation of education, but links it to the income provided by the program as soon as a student reaches the monthly minimum income threshold. Income Participation Agreements (OAS) are a form of deferred education that allows students to focus on learning, not funding. With an ISA, after the first deposit, you pay nothing for your courses until you leave the program and earn at least the minimum income – regardless of the type of job or sector. Currently only available for those who are looking for our online courses. The deposit is valid for the courses. There are no requirements that define the type or type of job students choose. If you earn at least the monthly minimum income, regardless of DerArt or industry, you must make the monthly payments. The EIBR Protection Plan is designed as an extension of the federal IBR program to apply all types of loans that are not covered by the federal IBR and to preserve the protection and incentive harmonization of revenue participation agreements. The EIBR protection plan will limit the total amount of student loans (directly, mother and private) to the following percentages of gross monthly income. Other schools that have proposed the program are Allan Hancock College and Norwich University. The Flatiron School Income Share Agreement (ISA) organizes tuition fees based on program revenues. You will make a first payment when you enroll at Flatiron School and you will agree to pay 10% of your gross monthly income as soon as you leave Flatiron School and earn at least USD 3,333.34/month (equivalent to 40,000 USD/year).
After an additional period of time, you make a maximum of 48 monthly payments through a maximum payment window of up to 96 months (8 years), but only if you earn at least the minimum income. If you don`t earn at least the minimum income threshold, you don`t pay. For private loans, you are required to pay your payments, whether or not you have a well-paid job. Every month there is an invoice, and if you can`t pay, your options are limited. The student credit is also in place over time, which means that your payments will increase over time.