Educational Technology

July 10, 2018

Code Now. Pay Tuition Later.

Filed under: Educational Technology — admin @ 12:30 am

by LINDSAY GELLMAN, the Atlantic

Coding schools are offering free classes in exchange for a percentage of future income. But at what cost?  The program would provide comprehensive web-engineering training, and would help with job placement. Once employed, graduates would be required to pay back a set portion of their salary under an arrangement called an income-share agreement, or ISA. The concept of ISAs has been around since at least the 1950s, when the economist Milton Friedman outlined them as a hypothetical model of repayment. Yet ISAs were rarely implemented until the past few years, as student-loan default spiked and schools sought to offer other ways to pay. In 2016, Purdue University launched an ISA tuition option aimed at families who might otherwise take out high-interest private loans or Direct PLUS loans for parents to fill the gap between federal student loans and the cost of tuition.

https://www.theatlantic.com/education/archive/2018/06/an-alternative-to-student-loan-debt/563093/

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