Question 1

What is the Stride ISA program?

Accepted Answer

Hackbright's Income Sharing Agreement (ISA) Program powered by Stride Funding. An ISA is a contract in which a student receives educational funding in exchange for an agreed-upon percentage of future income over a defined period of time.
 Students accepted into the ISA program won't pay anything up front. They’ll first complete the Software Engineering Boot Camp. Then, only once graduates have landed a job earning at least $50,000 annually, they’ll start paying back 9% or less of their income over 36 months.

Question 2

What benefits does this program offer for students?

Accepted Answer

The ISA provides a different way to pay for the Hackbright full-time program (Software Engineering). As part of the program, if participants make more, they pay more, and if participants make less, they pay less. If participants don't get a job after the program, they don't pay anything at all.  ISA payments will not begin until after employment is secured, and only if total income is at least $50,000 per year. The percentage of the income participants pay stays the same, but monthly payments may go up or down depending on salary. If graduates earn a high income, a total payment cap will limit how much they are required to pay. No participant will ever pay more than 1.4x the cost of tuition (Hackbright tuition is $12,650.00).

Question 3

Who is eligible to apply for an ISA?

Accepted Answer

Stride's ISA program is available to:   Software Engineering Boot Camp full-time students. Students with U.S. citizenship or permanent residency. Students 18 or older at the time of contract execution.

Question 4

What is the application and approval process for an ISA?

Accepted Answer

Interested students can apply for their ISA here (link to be included). The ISA application is a simple online form that takes 5-10 minutes to complete. Students should have the following information available in order to finish their applications as quickly as possible: 
 The program to which they have been accepted Their financial need (the tuition amount you’ll request) One reference/communication contact  After students submit an application, their information will be verified and certified by the school. Once Hackbright certifies the successful completion of this work, the student will be sent a final disclosure document to finalize the ISA contract. This entire process from start to finish takes at least two weeks.

Question 5

When do participants start making payments?

Accepted Answer

After the course, graduates have a payment-free grace period of 3 months.  If students don’t secure employment earning $4,166.67 per month (which annualizes to $50,000 per year) before their grace period expires, they must reach out to Hackbright's servicing partner, Stride Funding, to request deferment. Payments will begin once the student earns at least $50,000 per year or $4,166.67 per month. This threshold to begin payback applies to all jobs — full-time and part-time, regardless of the field.

Question 6

When does the ISA end?

Accepted Answer

​​The Income Share Agreement will end when one of the following occurs — whichever comes first: You make 36 payments. Your cumulative payments reach the payment cap at 1.4x funded tuition. The maximum timeframe for your agreement of 72 months — the payment window — expires.

Question 7

I am interested in your ISA, but I have some credit issues. Should I apply?

Accepted Answer

We do consider major credit issues like charge-offs, bankruptcies, and delinquencies, but we encourage all students to apply, so we can review credit history and determine eligibility.

Question 8

Will this affect my credit score?

Accepted Answer

If you are eligible and apply, a hard credit check will be performed and can affect your credit score and will show as an inquiry on your credit report. To be approved we look at more than just your credit score.

Question 9

What is the difference between a traditional installment loan and ISA?

Accepted Answer

Unlike traditional installment loans, an ISA is rooted in the student's ability to make repayments on funding.   A traditional installment loan for Hackbright: Fixed payment means you have to pay regardless of what you may earn Rigid payment schedules force you to pay even if you don't have a job Require co-signer or high current income for students 3-10 years  An ISA for Hackbright: Payments tied to income give you confidence that payments remain affordable, no matter your earnings Pay nothing during months where you make less than the minimum income threshold Stride ISAs do not require a co-signer for students 36 month payment term (over a maximum of 72 months) for a the ISA Program

Get a quote

ISAs: Learn Now,
Pay After You’re Hired

When will you start paying?

When will you stop paying?

Your ISA Terms

≤ 9%

of income

36

monthly payments

$50k

minimum income threshold

1.4x

payment cap

3

month grace period

Frequently Asked Questions

Dallas | Boston | Los Angeles

Privacy Policy

Terms of Use

GLBA Notice

Boston | Dallas | New York

Quick access

Home
Learn more
Students
Universities
Partners
Blog
Whitepapers
Scholarships

Company

About us
Contact
Careers
Student portal
Privacy policy
Terms of use
GLBA notice

ISAs: Learn Now, Pay After You’re Hired