We reduce the total obligation for people who leave BloomTech, based on the number of sprints started. The amount of your BloomTech tuition that has vested at the time you withdraw is dependent on the number of sprints you started in your BloomTech program. Tuition vesting schedules also may vary by state, so please see your Enrollment Agreement for the most up-to-date information.  

Regardless of your state of residency, your ISA or Outcomes Based Loan will be canceled if you withdraw within the first 2 sprints of your BloomTech program.

Income Share Agreements are available to people who live in the US (excluding California residents) who are US Citizens, US Permanent Residents, or DACA recipients. ISAs are not available to individuals who already have an obligation to pay under an ISA with another institution. Other people can still attend BloomTech by paying the tuition upfront or financing their tuition with an Outcomes Based Loan (BloomTech’s OBL has the same residency requirements as BloomTech’s ISAs). 

*International learners have the option to pay upfront tuition only.

The BloomTech ISA has built-in protection for financial hardship. Should you lose your job or should your income drop below $4,166 per month, your payments will automatically be paused after you’ve reported the change. That said, we understand that unique and unforeseeable financial emergencies sometimes occur. 

In this situation please contact your ISA program manager (Meratas at help@meratas.com) to discuss available options rather than letting your account go into default. While we cannot guarantee your situation will qualify for deferment, we want you to know that we want the best for you and your family, and will do what we can to help in times of extreme financial hardship.  

Our learners in California currently have the following tuition options: 

Full upfront tuition of $21,950 (to be paid in 3 equal installments) 
     With our 110% Tuition Refund Guarantee, if you graduate from BloomTech and are not earning, or have received offers for, at least $50,000 per year (or $4,166 per month for 3 consecutive months) after 365 days in compliance with the TRG requirements, you will get your entire tuition refunded - plus 10%!

Outcomes Based Loan (OBL): Pay $0 upfront, take out a loan for the full upfront tuition. 
     With our 110% Tuition Refund Guarantee, if you graduate from BloomTech and are not able to land a high paying job after 365 days, paying an annualized $50,000 per year ($4,166 per month for at least 3 consecutive months) or more, you will get your entire loan refunded, including fees and interest. And we will directly pay you 10% of your tuition. 

BloomTech is approved as a private post-secondary school in the state of California by the Bureau of Private Post-Secondary Education (BPPE). The BPPE requires learners who are California residents to pay into the Student Tuition Recovery Fund (STRF). Learners must pay $2.50 for every thousand dollars of tuition rounded to the nearest thousand dollars ($55 for Backend, DS, & Web and $15 for Web3). The STRF is for CA learners to recover or mitigate any economic loss in the event a school closes while the learner is enrolled or within 120 days of being enrolled. BloomTech collects the funds and gives 100% of the STRF fees collected to the BPPE. For more information regarding the STRF please visit the bureau’s website at: https://www.bppe.ca.gov/students/strf.shtml (BPPE).

No. A BloomTech ISA requires that you do not have a prior ISA or sign another ISAs while your BloomTech ISA is active. The program is designed to make sure you get a job, not go on to more school.