Whether you choose to drop out of the program, due to finding a job or due to any other reason - there are 3 different scenarios that could apply to you depending on how long you've spent at Microverse:
🐣 You leave within the first 4 weeks
Your ISA is canceled completely. (Pay $0.)
🐥 You leave after week 4 but before week 15
You will pay a portion of the ISA, depending on your completed modules and learned skills.
🐓 After week 15
You are responsible for the full amount disclosed in the ISA: 15% of your monthly income until you reach $15,000 USD.
Why we do things this way
You start getting a lot of value from the Program from the first day you join, such as accelerated learning, networking, and code reviews. If you get a job while in the Program or after you leave it, the Program is likely to have had a strong influence.
The amount of the Income Share Agreement that you would need to pay back is directly correlated with the technical curriculum and the jobs you could get with those skills. That is why you aren't liable to pay back anything after attending Microverse for only 4 weeks since you will not have learned enough to find a job based on that education alone. That quickly changes in the weeks following your first month.
After you have completed week 15, you have learned enough to find and land a job. You'll have a strong portfolio and fantastic experiences to leverage in any job application. That is why, after week 15, we ask you to begin ISA repayments of 15% of your gross salary until you pay the entire amount of $15,000 USD.