Income Share Agreements for IT Bootcamps
How ISAs work for IT bootcamps: income share percentages, caps, repayment math at different salaries, red flags to avoid, and loan alternatives explained.
The exact change
"ISAs look very different to a student imagining a $55,000 starting salary versus one who lands a $95,000 cloud engineering role. Run the math at multiple salary scenarios before signing. The cap is your ceiling; make sure it is a number you can live with as your worst case." -- Robert Farrington, founder of The College Investor and personal finance educator "The single most important question for any ISA is: if I am very successful and earn $100,000 within two years of graduation, how much will I have paid? If that number is significantly more than the sticker tuition, you are being charged a success tax that you may not be comfortable with." -- Preston Cooper, education finance researcher
ISAs look very different to a student imagining a $55,000 starting salary versus one who lands a $95,000 cloud engineering role. Run the math at multiple salary scenarios before signing. The cap is your ceiling; make sure it is a number you can live with as your worst case. (de-attributed to plain prose) The single most important question for any ISA is: if you are very successful and earn $100,000 within two years of graduation, how much will you have paid? If that number is significantly more than the sticker tuition, you are being charged a success tax that you may not be comfortable with. (de-attributed to plain prose)
Suggested change
De-attributed 2 unverifiable named-expert quotes to plain prose.
Why this is better
De-attributed 2 quotes credited to Robert Farrington (The College Investor) and Preston Cooper (education finance researcher) to plain prose, since no locatable source exists for either specific statement. Note: legitimate reference-list citations to both authors' actual published work elsewhere in the article were left untouched.
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