How We're Different
To understand our financial more, let's take a look at a few scenarios:
|After training you are unemployed or earn less than $35K per year.||You owe $0. No payments are required while you earn $35K per year or less.||You owe principal and interest. Your interest accrues even if your payments are deferred. You pay until everything is paid off; loans are not erased even in bankruptcy.|
|After training you earn between $35K-$50K per year.||You pay 6.5% of your income for 5 years. You only pay for 5 years even if the sum of your payments is less than the full amount of tuition (i.e. $14,950, the financed amount).||You owe the same amount of principal and interest even if payments become unaffordable.|
|After training you earn between $50K-$75K per year.||You pay 6.5% of your income for 5 years, which will completely repay the financed amount and pay forward towards supporting future student training not banks.||You pay your loans on time with interest.|
|After training you earn over $75K per year.||You pay 6.5% of your income for 5 years. Your payments will not increase if you earn more than $90K per year and you can prepay. Your repayments pay forward towards funding future students not banks.||You pay your loans on time with interest or may pay them off ahead of time to save on interest.|
For more detailed information, check out our comparison chart!