Toronto’s Juno College of Technology continues to innovate in education with the introduction of Pay What You Can (PWYC) Income Share Agreements for their live, online Web Development Immersive Bootcamp.
According to their announcement today, this flexible payment option is the first of its kind. Students can pay as little as $1 upfront for their Bootcamp education and only pay Juno back once they’re making at least $50,000 per year.
What is an Income Share Agreement (ISA)? To put it simply, an ISA is a tuition financing model where students agree to pay a percentage of their salary to the coding bootcamp for a specific amount of time after completing their program and landing a job — rather than paying tuition up front.
The concept, first proposed by economist Milton Friedman in the 1950s as a “human capital contract,” has been heralded by some as a market-based solution to student debt.
“While we continue to experience the impacts of COVID-19, Juno’s mission of helping young people get ahead is more important than ever. Since 2012, we’ve been committed to diversifying the tech landscape, and part of that means making a tech education accessible to everyone”.
Apply now as there are a limited number of PWYC spots available – the sooner you apply, the better your chances of securing your spot.