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About the ISA
What is an Income Share Agreement, and how does it work?
What is an Income Share Agreement, and how does it work?
Not sure how to pay the Microverse tuition? Read this article for a full explanation of how an Income Share Agreement works.
Gaby Suarez avatar
Written by Gaby Suarez
Updated over a week ago

At Microverse, we want to make higher education more accessible to everyone, regardless of where they live. This is why, as a Microverse student, you won't pay a cent in upfront tuition. Instead, you will pay for our program using an Income Share Agreement (ISA).

An ISA is a contract where you commit to dedicate a fixed percentage of your salary to pay for the cost of our program once you get a job and start making a living as a software professional.

Through our ISA, you agree to pay 15% of the income that you earn as a software developer, but only if you are making over $1,000 a month, or $12,000 a year.

If for instance, upon graduating from Microverse, you get a job paying $30,000/year ($2,500/month) you will pay  $375/month (or 15% of $2,500)

You start paying the month after you have started your job, and will continue doing so until you've reached the cap of $15,000.

You will not be required to pay that month if:

  • Your income drops below $1,000 a month

  • You are unemployed (but actively seeking for employment)

  • You are enrolled (at least part-time) for a master's degree

  • You are not able to work due to an illness or disability

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