Barber, Gregory. “Lambda School`s Profit Plan to Solve Student Debt.” Wired, August 26, 2019. www.wired.com/story/how-we-learn-lambda-income-sharing-agreements/. Poor employment outcomes help explain why bootcamps are introducing Income Participation Agreements (ASAs) so quickly. An ISA is a financial product in which a borrower gives up a percentage of their future income (usually before taxes) in exchange for pre-financing. ISAs are often presented as a way to “eliminate” the risk to students and it is true that if only 53% of students get a job, there is a significant risk of participating in a program such as the Web Development Immersive 2017 at the General Assembly (General Assembly, like many other bootcamps, recently announced a revenue participation agreement). However, the idea of eliminating risk raises questions about the quality of education provided by many nautical camps, as well as the suitability of ASAs as a financial product. Simply put, if the quality of education were better, there would be less need to reduce it.  Z.B, Holberton School. “Does the ISA apply to pre-tax income?” www.holbertonschool.com/faq/articles/360025660734_does-the-isa-apply-to-pretax-income. Generally speaking, students benefit from a grace period during which they can seek employment before the start of their ISA or deferred study agreement.
Upon expiry of the additional period, your ISA or deferred study agreement will be active. App Academy is a coding camp that first developed revenue-based repayment options. App Academy offers both personal and online software engineering courses for students, in which they gain all the skills necessary to succeed in a position in this field. Rustin, Dowse B. Neil E. Grayson, Kiersty M. DeGroote. “Non-Discrimination Pricing: Alternative Pricing for Student Loans, Income Participation Agreements, and the Equal Credit Opportunity Act.” American Enterprise Institute, February 9, 2017.
www.aei.org/research-products/report/pricing-without-discrimination-alternative-student-loan-pricing-income-share-agreements-and-the-equal-credit-opportunity-act/ ISAs may be gaining popularity, but it`s still worth studying the ethics of income-participation agreements, which can be a significant and sometimes unexpected financial burden for graduates who can least afford them. Let`s dive in.