Raising the Bar in a Down Economy: Galvanize Increases Access to Education with New ISA Structure
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Galvanize, a leader in developing talent and capabilities for individuals and corporations in technical fields such as software engineering and data science, announced a new structure to its Income Share Agreement (ISA), in an effort to launch the most student-friendly ISA program during these challenging times.
Raising the Bar in a Down Economy: Galvanize increases access to education with the most student-friendly ISA structure on the market.
ISAs align incentives between schools and students, providing individuals with funding for educational pursuits in exchange for a fixed percentage of their post-graduation income for a defined period of time. By reducing the maximum amount a student will pay and increasing the annual salary required to start making payments, Galvanize is offering a program that is more competitive and more attractive to prospective students than any other offering in the industry.
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For the rest of the year, new Galvanize and Hack Reactor students can defer their tuition until they earn an equivalent annual salary of $60,000, after paying a $2,000 up-front deposit, and will never pay more than $25,000. Where most competitors require total payments of $30,000 beginning when alumni earn $40,000 salaries, Galvanize and Hack Reactor students will now be offered the most student-friendly ISA program on the market. This new structure will be available to eligible incoming Galvanize and Hack Reactor students for the remaining 2020 cohorts.
“It’s undeniable that the first half of 2020 has been challenging on many fronts for many people,” said Harsh Patel, Galvanize CEO. “Our success is, and always has been, directly linked to that of our students. We are proud to raise the bar in our industry and we hope these updated terms enable more students, particularly those facing financial hardships, to take our programs and pursue a career in technology.”
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