This Coding School Wants Graduates to Share Their Income

College and career training schools are essentially a gamble. Students pay up to hundreds of thousands of dollars for a product they hope will reap dividends years later. If that investment doesn’t pan out, the college still keeps the fees. A Manhattan-based, for-profit coding school says it has developed a fairer way.

New York Code and Design Academy is one of around 100 so-called coding “boot camps” that teach beginners how to write computer code in as little as 12 weeks. On Tuesday, the school announced that graduates of its Salt Lake City and Philadelphia campuses who don’t land well-paying jobs after graduation won’t have to repay the school for their education, provided they didn’t pay up front. Grads who get good jobs would agree to devote 8 percent of their gross monthly earnings over the following four years to the school, until they hit the tuition amount.