Wyncode Academy is offering deferred tuition for select students entering its upcoming bootcamp course.
For up to five people accepted into its full-time web development cohort, the South Florida coding school won't ask for payments until they have found jobs as web developers.
"If they don't get a job, they don't pay us at all," Wyncode co-founder and CEO Juha Mikkola said. "It's the biggest signal of confidence we could give to potential students."
Tuition for a full-time, 10-week course starts at $11,500. The deferred tuition option starts May 29.
Wyncode, based in Miami's Wynwood Arts District, has a track record of placing about 91 percent of its graduates into tech jobs, according to a study by public accounting firm MBAF.
In addition to teaching the latest coding languages, its curriculum includes "soft" job skills, such as working in groups, product pitching and public speaking. It accepts many applicants who have no experience with coding, and has had about 550 people enrolled in its programs, including current students. Wyncode works with local companies including CareCloud, Watsco Ventures and MDLIVE to connect its graduates with jobs.
Wyncode began offering deferred tuition for some students in its recently graduated user-experience and user-interface program. Mikkola confirmed that one of those students has already found a job.
The coding bootcamp decided to extend the offer to its web development course because it attracted more high-quality candidates.
Wyncode has already selected at least one deferred-tuition student for its upcoming web development course. Several spots remain.
"We're looking for the top students from across the country because we're giving individuals the opportunity to learn first and pay later only if they're successful," Mikkola said.
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Wyncode applicants are tested on a number of factors, including cognitive skills, typing and their motivations for doing the program. Although students don't need to know coding prior to being accepted, they are also tested on their current coding ability.
"We're really excited to launch this," Mikkola said. "It shows we strongly believe in the quality and outcome people get, that we're putting our money where our mouth is."
Wyncode applicants interested in the deferred tuition program can apply at http://wyncode.co/web-dev-deferred-tuition.