Organizations such as the Lambda School offer coding training programs for Web engineers and assistance with job placement, in which graduates attending the online school for free agree to pay back a set portion of their salary via an income-share agreement (ISA) once they are employed.
In 2012, the for-profit App Academy coding bootcamp started offering a 12-week program oriented around an ISA; similar arrangements are available at the New York Code + Design Academy, which provides a range of Web engineering and design courses, and San Francisco's two-year Holberton School program.
Code.org estimates more than 550,000 jobs requiring computer-science skills are currently available, while fewer than 50,000 computer science majors found employment last year.
Leaders of ISA-based training programs envision a business opportunity based on talented students who lack cash or credit for tuition. Such programs are gambling they can transform participants into well-paid tech professionals, and receive part of their salary as profit.
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