Pathrise Income Share Agreement

If you`re a recent graduate or a professional looking to switch careers, you may be considering a coding bootcamp to help jumpstart your new career path. However, the cost of these bootcamps can be prohibitive for many. Enter the Pathrise income share agreement.

Pathrise is a career accelerator program that offers a unique financing model for their bootcamp. Instead of paying upfront tuition fees, students agree to pay 9% of their salary for two years if they secure a job in their field within six months of completing the program. This model, called an income share agreement (ISA), allows students to start their coding journey with no upfront financial burden.

But what makes Pathrise`s ISA especially unique is its commitment to finding their students high-paying jobs. Pathrise has a team of experienced career coaches who provide one-on-one mentorship and guidance throughout the job search process. This personalized approach ultimately leads to higher salary offers for their students. In fact, Pathrise reports that their graduates on average increase their salary by $21,000 after completing the program.

Another benefit of the Pathrise ISA is that it aligns the interests of the program and its students. If Pathrise`s career coaches don`t successfully place a student in a high-paying job within six months, the program does not collect any payment from that student. This incentivizes Pathrise`s team to work tirelessly to help each student find their ideal job.

It`s worth noting that Pathrise`s ISA is not unique in the coding bootcamp space. However, the program`s commitment to mentorship and career guidance sets it apart. Additionally, the program is transparent about the potential risks of an income share agreement, including potential long-term costs if a student`s salary increases significantly.

Despite these risks, the Pathrise income share agreement offers a compelling option for those looking to break into the coding field without taking on large amounts of debt. As always, it`s important to do your research and carefully weigh your options before committing to any educational program.