Why does App Academy finance ISAs?

App Academy receives $0 upfront from students on ISAs. Our school covers the upfront cost of instruction and coaching to students in exchange for the student agreeing to pay back the school a percentage of their income for a fixed number of years in the future. This structure creates a cash flow timing mismatch. To make our programs more accessible to a greater number of students, we work with a financing partner who provides us with upfront funding for coaching and instruction. This funding enables us to teach more students than we would be able to do if we did not have funding partners.