Tution Options at Victory Lap
Option 1: Pay $0 upfront with our Income Share Agreement
Our Income Share Agreement (ISA) gives you the option to start Victory Lap for $0 and pay tuition back only after you’ve landed a job making at least $30,000/year.
Option 2: Pay $0 upfront with one of our Contingent Payment Plans
Our Contingent Payment Plans also allow you to start Victory Lap for $0 and pay tuition back only after you’ve landed a job making at least $30,000/year. Instead of paying 8% of your salary as you do with the ISA, this option gives students the option to make set monthly payments for either 24 or 48 months.
Option 3: Pay tuition upfront
Frequently Asked Questions
We will guide you to a secure application page tied to the specific program you are looking to attend. The application is all online and typically takes less than 5 minutes to complete and applying will not affect your credit score.
ISAs are designed to increase access to quality education. We will speak with you 1:1 to determine whether ISAs are a fit for you given our approval parameters. A co-signer is not needed.
Once you complete the program, our ISA Program Manager will work with you to verify your income. Once you are earning above the Minimum Income Threshold, you will make monthly payments of 8% of your pre-tax monthly income through their online portal.
Because ISAs are not traditional debt, there is no set interest rate or accrued interest.
If you lose your job or earn below the Minimum Income Threshold, you will be placed into the Deferment Period and no payments will be due again until you are earning above the Minimum Income Threshold again.
You will stop making payments once you reach the sooner of 24 Qualified Payment Months or when you hit the Payment Cap. You will never pay more than the Payment Cap and if you don’t earn $30K or above, your ISA will be forgiven after 4 years even though you paid nothing at all.