Coding school the New York Code and Design Academy is looking to play fair with graduates. That’s why it’s letting off those alumni of its Salt Lake City and Philadelphia locations who don’t get decent jobs on graduation on course fees. And those who do end up in decent employ can agree to hand over 8% of their monthly earnings over four years to the academy, until they have paid off their tuition.
Fees at those two campuses have now been upped from $10k to $15k as part of the new financing programme, while only those graduates pulling in over $40,000 a year need to commit to the income-sharing option.
“As we grew into new markets with the mission of bringing technical education to more people, we realised we were part of the problem, not the solution. Many capable students were being left behind because they couldn’t be approved for a private loan, or couldn’t pay for their education out of pocket,” the academy says. “Students will never pay more than the sticker price of tuition. Some might even pay less.”
Image: New York Code and Design Academy