Hack Reactor, founded in 2012 by Anthony Phillips, Shawn Drost, Marcus Phillips, and Douglas Calhoun, is a software engineering coding bootcamp. Their coding bootcamp offers 12-week Full-Time and 9-month Part-Time formats. The onsite program and the Full-Time Remote Program take up to 13 weeks to complete, while the part-time Remote Program takes up to 9 months to complete. We are going to review Hack Reactor Cost and ISA.
Cost of Hack Reactor Program

The cost of Hack Reactor’s Onsite Course and Remote Program is $17,980. Students can either pay the entire fee upfront, opt for an ISA, apply for a scholarship, or get their course financed by Skillfund or Climb. An Income Share Agreement depends on the income a student receives after he/she gets placed in a company under a qualified job.
As per the Hack Reactor’s ISA plan, a student must earn a minimum of $60,000 per year to be eligible to start paying back. The student will pay anywhere between $0 to $22,372 in 48 months as per the agreement. Once the student reaches the payment cap of $22,372 or completes 48 months of repayment, the ISA terminates automatically.
Hack Reactor Financial Options
There are substantially four main methods to pay for the Hack Reactor’s Tuition.
Upfront Plan
Students can choose to pay the full tuition fee of $17,980 upfront before starting the classes.
Scholarships
There have been many scholarships offered by some top companies and organizations willing to help students from various backgrounds and anyone who generally faces problems learning from established organizations. Let’s check out the current scholarships at Hack Reactor.
Galvanize
With an aim to make education accessible to everyone, Galvanize offers a full scholarship for the upcoming Hack Reactor Software Engineering Immersive. The Applicants must apply and be accepted to a Galvanize Program by the informed deadlines. Note that Galvanize covers the entire cost of tuition. The institute takes both the 12-week Software Engineering Immersive and the Remote Part-Time Immersive for the scholarship.
Eligibility: The student must be a US Citizen or Permanent Resident to be eligible for the Scholarship.
Finance Plan
With Galvanize now heading Hack Reactor, two lenders offering finance options for accepted Hack Reactor.
Climb Credit
The school holds a partnership with Climb Credit who has evaluated Hack Reactor’s programs to be valuable and provide good Return On Investment. Students need to fill a 5-minute online application with the ability to add multiple cosigners.
Skills Fund
Skills Fund offers tuition loans for the best bootcamps so that students can transform their careers. Skill Fund evaluates school quality and only partner with programs that meet their rigorous quality standards. Hack Reactor is in partnership with Skills Fund and offers students a financing option to pay their tuition.
Applicants need to fill a quick online application that might take 5-10 minutes to complete with the ability to add a cosigner. They later need to select between an interest-only option and a deferred option. With the Skills Fund, students can cover their living expenses and get loans approved within 24 hours.
Income Share Agreement
At Hack Reactor, they have updated their income share agreement (ISA) terms that they claim are the best in the industry and offer it for their software engineering bootcamps throughout the year. Hack Reactor ISAs are administered and serviced by Vemo Education.
Hack Reactor ISA

If a student is looking to take up the boot camp at Hack Reactor, they provide Web Development courses with a $0 Upfront fee based on ISA. Students don’t have to pay them back until they land a job that pays you higher than $60K per annum. After that, they pay them 10% of your monthly salary for 48 months, with $22,372 being the maximum payment limit.
Students need to apply to a bootcamp, talk to their Enrollment Advisor, and get accepted. Once they receive and complete their ISA application, they need to submit a $2k deposit and begin their bootcamp. To be eligible, students must be a U.S. citizen or legal permanent resident living in the US.
Once a student earns a job making an equivalent salary of $60k a year, they begin paying back the remainder of their tuition. Even if a student gets a well-paying job, payments won’t start until three months after exiting the program.
Key Terms of Hack Reactor ISA
Each school has its own set of terms and conditions that a student choosing ISA should agree with beforehand. This section will discuss some basic principles that a student has to follow to be eligible for the ISA Plan.
Deposit
Once a student applies for the ISA, they get evaluated by the Enrolment Team. Once that is done, they need to pay a deposit of $2000 and get started with the course.
ISA Amount
Hack Reactor provides education free of cost with ISA. Hack Reactor’s Web Development costs $17,980. However, when a student opts for ISA, they will be paying 10% of their salary every month until they pay for 48 months or hit the pay cap of $22,372.
Income Share
The term Income Share defines the percentage of monthly income that the ISA-Recipient agreed to share with the School to repay the course fee. According to Hack Reactor’s ISA, students will be paying 10% of their monthly income after getting placed.
Annual Income
An annual income is a predetermined amount that both the student and the school agreed upon as a minimum threshold that triggers the repayment cycle. In Hack Reactor’s ISA, a student who earns a minimum of $60,000 after graduation is eligible to start the repayment of the course fee.
Payment Cap
A Payment Cap is a consumer safeguard that limits the amount such that your total payment will not rise beyond a certain threshold. Hack Reactor’s ISA states that it will automatically terminate once the aggregate repayments reach the maximum payment limit of $22,372.
Payment Window
The minimum number of required payments is 48 Months as per the Hack Reactor coding School ISA. The ISA states that the student who has opted for an ISA must pay for at least a minimum of 48 months or reach the payment cap if the payments hit the threshold value of $22,372.
The Payment Window is an outer limit on repayment obligations. Hack Reactor’s ISA recognizes 48 months as the Payment Window, within which the student is obliged to pay the entire amount that he/she has to repay to the school.
How to pay off Hack Reactor ISA

A student decides to opt for ISA as he/she finds it a viable option over an educational loan. How does one repay the entire amount, and what are the ways to satisfy the ISA-Repayment?
Well, there are three ways to go about it. Find them below.
Pay for 48 Months
Hack Reactor ISA requires the student to make 24 monthly payments when they start earning $60,000 or more per annum. Once the student completes all the monthly payments, the ISA terminates automatically.
Paying a total of $22,372
The Payment Cap method is a student benefit option. In this method, the ISA terminates itself once the monthly payment aggregate reaches the payment cap of $30,000. If the student pays the aggregate amount before 48 months, they need not make any further payment as the ISA terminates itself once it reaches the payment threshold.
Deferred for 48 Months
As per Hack Reactor’s ISA, After 48 months go by after the student’s first-month payment, the agreement terminates automatically, irrespective of how many gains have been made. Whenever a student earns less than $60,000 per year or $5,000 per month, the ISA waives the fee.
At the end of the set Payment Window, the ISA Contract will terminate itself even if the student made less than the required payments and also even if the student paid less than the Course Tuition Fee.
Get more details about Hack Reactor in their Review.
Final Note
Hack Reactor is one of the few schools that have ventured into ISA with the Deposit option. Primarily, applicants felt stuck when they were obliged to pay a considerable amount of money to pay a fee or to take up a loan to learn to code. With the onset of ISA, it is much easier for applicants to transition into tech jobs.
After the acquisition by Galvanize, Hack Reactor has been enjoying better networking and improved industry practices. With better performance in terms of financial assistance, students can now study without the pressure of paying the tuition fees.