Finance your education with your future career

ISA Application Deadline January 15th, 2021

What is an ISA?

An Income Share Agreement, or ISA, lets you get funding for your education in exchange for a percentage of your salary once you’ve landed a job after graduation. 

Essentially, it is an agreement that allows you to enroll in a full-time Wyncode program at no cost (outside an initial $500 deposit) until you secure a position making at least $35,000 a year. 

The percentage of salary and number of payments would remain the same (regardless of salary changes) until the repayment cap is met or all the payments are made, whichever happens first.

Who can apply?

Wyncode's Income Share Agreements are granted to candidates that have a financial need. Before each start date, we will review applications to our ISA program and select up to three candidates that will be granted an ISA for their full time program of choice. Candidates can apply for an ISA in their Wyncode application process with the guidance of our Admissions Team.

ISA eligibility is based on an application with criteria set by Wyncode and our ISA partner Meratas, and final recipients will be chosen at Wyncode's discretion.

If you have questions about your eligibility, please reach out to Admissions by emailing admissions@wyncode.co or schedule a call here. 

How do I apply?

Apply to your Wyncode full-time program of choice

Our admissions team will review your application and guide you in the process through acceptance.

1.

If accepted into Wyncode, confirm your spot in the program with a $500 deposit

This deposit reserves your seat in the class, and it is not included in the ISA. 

3.

Apply for the ISA 

There are two applications to complete for Wyncode and our ISA partner Meratas. Additionally, you will need to interview with a member of Wyncode's Job Support team. 

ISA approval is based on criteria set by Wyncode and Meratas. Both teams will review your applications and make a decision whether or not you will be granted an ISA. 

2.

Review and confirm your ISA terms

Our ISA terms are a standard 16% of your future salary paid back on a monthly basis with a guaranteed end period. Your ISA will finish when you complete the 36 payments, when you meet the repayment cap of $29,000 or after 5 years of making your first payment, whichever happens first.

4.

5.

Get Your ISA Approved

As a recipient, you must complete all pre-work in order to have your ISA approved by Wyncode.

How does it work?

Lets imagine your name is Alex. This is what your ISA timeline might look like:

April 2020

Alex graduates! She meets with Wyntalent for job support.

January 2020

Alex signs her ISA and starts in the UX/UI Immersive program.

June 2020

Alex lands a job as a UX/UI designer. She makes $65,000 a year. 

July 2020

Alex’s grace period ends and she starts making monthly ISA payments.

Alex gets a few promotions and her salary increases. Since her ISA percentage stays the same, her monthly payments increase.

July 2024

Alex makes her 40th payment. She meets the third year repayment cap, which ends her ISA . She paid $25,300 in total.

Wyncode’s ISA is the only program in Miami that gives recipients an interest-free year. If you pay back your original tuition amount within one year of graduation, the ISA payments will not kick in. This means you won’t have to pay any extra fees, interest, or anything— just your tuition. 

Ready to kickstart your new career?