Your ISA goes into effect on your last day of the Program. However, you won't have to start paying back until after you get a job that pays over $1,000/month.

Once you are employed (and are earning over $1,000/month), you will submit monthly payments to us via our platform. Payments are collected on the 1st of the month, but you will have a 28-day starting grace period until your first payment is due:

For instance, if you start your new job on January 10th, the 28-day grace period puts you past the February 1st payment, thus your 1st payment would actually be on March 1st.


What happens to my payments if I leave my job, go back to school, or take a leave of absence?

If at any given month any of the following circumstances are true, then your payments will be deferred and you will not have any payments due that month:

  • Your income drops below $1,000 a month
  • You are unemployed (but actively seeking for employment)
  • You are enrolled (al least part-time) for a master's degree
  • You are not able to work due to an illness or disability


I still don't quite understand how payments work, can you provide an example?

The following is an example of a fictional Microverse student and the payments that she makes to Microverse based on a percentage of her salary.

Scene 1:

Mara finishes the Microverse program and spends 2 months looking for a job with the help of her Microverse Career Coach. While she continues looking for a job, she doesn’t have to pay anything to Microverse, and she will never be forced to accept a job that she doesn't like.

Scene 2:

After 3 months of looking for a job, Mara finds one that pays her a salary of $30,000/year, which is equivalent to $2,500/month. Mara starts her new job on January 10th, and starts paying Microverse $375/month (15% of $2,500), on March 1st. Mara keeps the rest of her monthly salary ($2,125) for herself.

Scene 3:

After 6 months in her first job, Mara has already paid Microverse $2,250 (the remaining balance is $12,750). Mara quits her job to find a remote mid-level position at another company. While she is looking for a new job, Mara stops paying Microverse since she is not making any money.

Scene 4:

One month later, Mara finds a new position that pays her $42,000/year, or $3,500/month. Mara resumes her payments to Microverse, now for $525 per month (15% of $3,500).

Scene 5:

Mara is happy with her current position and has been working there for one and a half years. She has already paid Microverse $11,700 (the remaining balance is $3,300). However, she decides to go back to school to complete a master's degree. Mara spends one year in grad school and doesn't make any payments to Microverse while she's enrolled. 

Scene 6:

Mara now goes back to working for her previous company and, due to her new qualifications, she gets a raise. Mara is now making $60,000/year, or $5,000/month. She resumes making payments to Microverse. Within the next 5 months Mara has finished paying the remaining balance of the initial $15,000, and now doesn't owe anything else to Microverse.

In less than 2.5 years worth of work, Mara has paid Microverse $15,000 out of the $103,000 that she has earned working as a software developer. Since Mara is only 25, she still has 40 more years of professional career. Without considering any other salary increases (which she will definitely get), Mara will earn $2.4 million dollars in her professional career. Mara has completely changed her life, all because she invested in her career as a software developer. 

Read more about the cost of the Program here

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