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Hack Reactor: What is the most amount of money a student may ask to defer for tuition if the student is low-income? Will asking for tuition deferment negatively affect the admission decision?

  • What is the most amount of money a student may ask to defer for tuition if the student is low-income? Will asking for tuition deferment negatively affect the admission decision? If yes, would the negativity of effect of admission decision be proportional to the amount of tuition money that the student is asking to defer? Unlike App Academy, Hack Reactor does not have a "no job, no pay" deal, so if a student defers the payment and fails to find a job, the student will still owe Hack Reactor the money. This would be a nightmare for both parties because Hack Reactor would be forced to pursue legal options to recover the lost money. How does Hack Reactor ensure that such a situation for both parties will never happen?

  • Answer:

    If you're reading this answer, you should apply.  I'll discuss generalities, but your situation could merit a different discussion. We're not currently able to offer need-blind admissions at this moment.  (We have plans to arrange for that in the future -- stay tuned!)  Most deferrals are for a few thousand, but there are rare applicants where we make a big bet.  The situation you're describing would be terrible, and we're obligated to be very conservative in admissions decisions in order to avoid it.  (It hasn't happened yet.)

Shawn Drost at Quora Visit the source

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I was in class two of Hack Reactor and I earned less than 8k the previous year, struggling to even pay my rent.  I was absolutely in the position where I needed help covering the costs, and am very grateful Hack Reactor chose to invest in me.  I don't know for sure how much my financial situation counted against me in admissions, but I'm guessing it was a factor. I should point out that contrary to the "no job no pay" claim embedded in the original question, App Academy still did ask for $3,000 up front, and I had no choice but to seek a loan in order to cover that.  Fortunately for me, getting that loan made it possible to do Hack Reactor. When all is said and done, App Academy's model would have cost me much more.  Like most Hack Reactor grads (and unlike most App Academy grads), I landed a 6-figure salary upon graduation and 18% of it would have been more than  the tuition I paid.

Mark Wilbur

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