WHAT IS ANISA?
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 will pay zero for school until you are making over $40,000 a year. Once you are making over that amount, you will begin to pay tuition back at a rate of 10% of your income. Once you make 48 payments or reach the payment cap ($25,000), you will have completed the terms of the ISA agreement. Different from a conventional student loan, the Income Sharing Agreement also has an expiration date of 7 years. If 7 years passes from the completion of the program, and you have not reached either milestone (48 payments or the $25,000 payment cap), the agreement will expire and you will no longer make payments, even if you have paid $0!
NexGenT will pay for your education upfront, and you agree to pay us back once you can afford it.
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 career.
Land your dream job
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 7 years.
Your ISA is over when
one of these things happen:
You’ve reached the payment cap for your program. For NexGenT’s Full-Stack Network Engineer Program and Cyber Security Program, the payment cap is at $25,000.
It’s been 7 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 seven years has passed since you graduated.
Estimate your payments based on your salary
Let’s look at
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 $25,000 for the Full-Stack Network Engineer or 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 7 years, even if you’ve paid nothing.
You can choose to pay $12,500 upfront for NexGenT’s Full-Stack Network Engineer or 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.
ISA is currently only available for people in the US
* If you currently have a job with USD $40,000 or higher in annual salary, your ISA payments will kick in after you finish our program.