5 ms·
There's an income share agreement and you submit forms to the IRS that lets us see your taxes. So it's a legal agreement. You pay a fixed percentage of salary
by austenallred 9y ago
There's an income share agreement and you submit forms to the IRS that lets us see your taxes. So it's a legal agreement.
You pay a fixed percentage of salary if you're above a certain threshold (currently $50,000/yr). If you don't get a job in your field above that threshold you never pay us anything.
- pattisapu 9y agoThis is great. I wish vocational / professional schools in other fields did this!
- austenallred 9y agoWe'll just expand :)
- larrywright 9y agoI believe that at least in the US, lots of hospitals will underwrite your nursing degree in full or in part, as long as you agree to work there for some period of time. Different than this, but along the same lines.
- nsgi 9y agoThat's how student loans work in the UK.
- Larrikin 9y agoFixed percentage until when? Fixed percentage forever? Fixed percentage of only the first job? Fixed percentage until a certain amount has been paid?
- austenallred 9y agoA fixed percentage for a fixed number of years (right now 2 years), unless you meet a dollar cap (right now $30k). Any recruiting fees we get are deducted from what you owe, so they pay for your tuition. And if you make less than $50k/yr you don't pay anything.