Start paying your tuition back when you get a job.

If you are eligible and apply, a hard credit check will be performed and can affect your credit score and will show as an inquiry on your credit report. To be approved we look at more than just your credit score.

We do consider major credit issues like charge-offs, bankruptcies, and delinquencies, but we encourage all students to apply, so we can review credit history and determine eligibility.

The Income Share Agreement will end when one of the following occurs — whichever comes first:

1. You make 48 payments.

2. Your cumulative payments reach the payment cap at 1.5x funded tuition.

3. The maximum timeframe for your agreement of 96 months — the payment window — expires.

After the course, graduates have a payment-free grace period of 3 months.

If students don’t secure employment earning $3,333.33 per month (which annualizes to $40,000.00 per year) before their grace period expires, they must reach out to The Tech Academy’s servicing partner, Stride Funding, to request deferment. Payments will begin once the student earns at least $40,000.00 per year or $3,333.33 per month. This threshold to begin payback applies to all jobs — full-time and part-time, regardless of the field.

Interested students can apply for their ISA here. The ISA application is a simple online form that takes 5-10 minutes to complete. Students should have the following information available in order to finish their applications as quickly as possible:

1. The program to which they have been accepted.
2. Their financial need (the tuition amount you’ll request).
3. One reference(s)/communication contact.

After students submit an application, their information will be verified and certified by the school. Once Tech Elevator certifies the successful completion of this work, the student will be sent a final disclosure document to finalize the ISA contract. This entire process from start to finish takes at least two weeks.

Stride’s ISA program is available to:

1. Full Time Java Web Application Development Bootcamp.
2. Students with U.S. citizenship or permanent residency.
3. Students 18 or older at the time of contract execution.
4. The ISA tuition plan is currently only available for Tech Elevator’s Full-Time Program. ISA plans are not available for residents of: Alabama, California, Colorado, Iowa, Illinois, Maine, Maryland, New York, South Carolina, Washington D.C. or Washington. Read more information on Stride Funding’s Privacy Policy

The ISA provides a different way to pay for Tech Elevator’s full-time Java Web Application Development Bootcamp. As part of the program, if participants make more, they pay more, and if participants make less, they pay less. If participants don’t get a job after the program, they don’t pay anything at all.

ISA payments will not begin until after employment is secured, and only if total income is at least $40,000.00 per year. The percentage of the income participants pay stays the same, but monthly payments may go up or down depending on salary. If graduates earn a high income, a total payment cap will limit how much they are required to pay. No participant will ever pay more than 1.5x the cost of tuition.

Tech Elevator’s Income Sharing Agreement (ISA) Program is powered by Stride Funding. An ISA is a contract in which a student receives educational funding in exchange for an agreed-upon percentage of future income over a defined period of time.

Students accepted into the ISA program won’t pay anything up front. They’ll first complete the full-time Java Web Application Development Bootcamp. Then, only once graduates have landed a job earning at least $40,000.00 annually, they’ll start paying back their 10% or less of their income over 48 months.

Unlike traditional installment loans, an ISA is rooted in the student’s ability to make repayments on funding.

A traditional installment loan for Tech Elevator:

• Fixed payment means you have to pay regardless of what you may earn
• Rigid payment schedules force you to pay even if you don’t have a job
• Require co-signer or high current income for students
• 3-10 years

An ISA for Tech Elevator

• Payments tied to income give you confidence that payments remain affordable, no matter your earnings
• Pay nothing during months where you make less than the minimum income threshold
• Stride ISAs do not require a co-signer for students
• 48 month payment term (over a maximum of 96 months) for a the ISA Program