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Do I pay a deposit?

 

Bootcamps like Highway that provide ISAs—where the student does not pay until / unless they get a job—provide a great service to students: you only incur the cost if you receive the benefit (and pay that cost little by little, over time). 

But this approach introduces a lot of risk for programs like Highway. In a traditional model, the commitment of the student is clear: having paid tuition up-front, they have a clear financial motivation to partake in and complete the program. But with an ISA there is no such commitment up front: bootcamps like Highway run the risk of having students enroll, take up seats from other students, utilize the time and resources of the program, but then decide to leave and not complete the program.

For this reason, bootcamps that provide ISAs usually require a deposit. For example, you can see here how Galvanize requires a $2,000 deposit on their ISA

Similarly, Highway requires students to pay a deposit of $2,000. Here's how the deposit works:

1. When you successfully obtain a job, Highway applies your deposit to the payments owed as part of your Income Share Agreement

2. The deposit will be returned to you if you full participate in the program, graduate, diligently pursue employment, and are not able to secure a high-paying job (salary of $55,000 or greater) using your Highway training within the first nine months after graduation. So while we require a deposit, we maintain our pledge that you owe us nothing if you do not successfully obtain a job through Highway

3. If you change your mind about the program and decide to drop out or decide marketing operations isn't for you, you forfeit your deposit. Only those who are committed to the program should enroll into it. 


LEARN MORE: What agreements do I sign? (or to see the list of all our frequently asked questions, click here)