Income Share Agreements, commonly referred to as "ISAs," can be an alternative to student or bank loans in order to attend college or career-oriented bootcamps.
Rather than paying upfront or borrowing money for a Membership in Prehired, members commit to pay a certain percentage of their future income in exchange for their Lifetime Membership Benefits.
Prehired is proud to offer ISAs allowing members to get access to all our programs and perks with no out-of-pocket cost to start.
Our members only start paying dues only AFTER they land a job AND make enough money per month. See below for details.
Even better, you never pay in any month when you're making less than $3,333.33 per month, aligning our financial success.*
Once you land a job and reach the minimal income level, you'll make monthly payments based on a percentage of your income.
You either reach the cap, you finish the required monthly payments or the payment schedule ends (see below for more details).
We guarantee you land a $60k+ job offer within 1 year of finishing coursework ($40k base + expected commissions.)
You pay 12.5% of your gross income for 48 months for your lifetime benefits
The ISA is capped. You'll never pay more than $30k, no matter how high your income
If you stop working or make less than $3,333.33 in a month, your ISA pauses with no interest
Your ISA expires after 6-8 years (depending on your ISA servicer), even if you've paid nothing
The average Prehired member lands in a job in just 12 weeks after starting
* Since this depends on your ISA servicer, check your ISA contract for specific terms.
