[MarketingJason]

I ran a coding bootcamp school that had both your typical pay-upfront and later added an option like you outline. I can't speak for all programs, but schools use an affiliate third party lender for those "free" loan programs.

It was relatively new for us when I left, so I never saw the aftermath. I know it worked out well for some students, but my biggest concern was ensuring payments only kicked in if the job was "in-industry or field". My logic was the value isn't there if you go to a coding bootcamp only to not use the skills.

I was still worried they'd basically ask "do you use a computer?" and consider it in-field.

Another issue here is we had folks just looking to up-skill and the value return was harder to gauge if they were returning or continuing to work their job. This was mostly limited to our part-time program so we didn't offer the delayed-loan for it.

[recursivecaveat]

Apparently yeah at least arguably the most prominent boot camp takes a verry broad stance on 'related' occupations for income sharing: https://www.sandofsky.com/lambda-school/