WHAT IS AN

ISA?
Through an Income Share Agreement, you have the opportunity to more easily launch a career in cyber security or network engineering without any debt.

An Income Share Agreement, commonly referred to as an ISA, is an innovative solution to afford education and ensure you are getting a return on your investment as a student.

Essentially, you pay zero for school until you are making over $40,000 a year. Once you are making over that amount, you will pay 48 payments at 10% of your income or when you hit the payment cap. If your tuition isn’t paid back within 5 years of graduating, we will waive the rest of your balance to zero, even if you have not made any payments. Meaning, you will never pay back tuition longer than five years.

NexGenT will pay for your education upfront, and you agree to pay us back once you can afford it.

How does
it work?

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No upfront costs. Focus on graduating from the program

NexGenT covers your training and tuition costs until you’re making at least $40,000/year. There’s no down payment. This allows us to focus on providing you state-of-the-art education to focus on your education.

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Land your dream job

Our career services team has a proven track of helping students get jobs. For as long as you have an NexGenT ISA, you’ll work closely with a dedicated career services team on building a robust employer pipeline, resume review, interview prep, and salary negotiation. We don’t just want you to graduate, we want to get you your dream job!
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Start paying back tuition

Once you’re making at least the minimum income threshold ($3,333.34 gross income per month, equivalent to $40,000/year), your monthly payments will be equal to 10% of your gross monthly income until you reach the ISA payment cap or have made 48 payments. Our ISA payback period is a maximum of 5 years.

Your ISA is over when
one of these things happen:

You’ve made 48 payments at 10% of your income.

You’ve reached the payment cap for your program. For NexGenT’s Full-Stack Network Engineer Program, the payment cap is at $25,000. For the NexGenT’s Cyber Security Program, the payment cap is at $30,000.

It’s been 5 years since you graduated, even if you’ve paid nothing.

*The income share agreement has no interest. The payback amount is a flat percentage of 10% of your income that goes away once you’ve reached the deferred amount, or five years has passed since you graduated.

Let’s look at
the numbers

The ISA only kicks in once you’re making at least $40k.

You’ll pay back 10% of your income for 48 months or until you have reached the payment cap.

The ISA is capped. You’ll never pay more than $30,000 for the Cyber Security Program no matter how high your salary.

If you have to stop working, your ISA pauses. There’s no interest.

Your ISA expires after 5 years, even if you’ve paid nothing.

You can choose to pay $15,000 upfront for NexGenT’s Cyber Security Program instead of doing an ISA.

ISAs allow us to focus on providing our students quality training and education. NexGenT only makes money if you land a job, and if not – we make nothing. And once you complete your payment period or reach the tuition cap, you are 100% free from any financial obligation to us.

Note: These numbers only apply to NexGenT’s Cyber Security Program. For NexGenT’s Full Stack Network Engineering Program, upfront tuition is $12,500 with payment cap of $25,000.