Financing Your Coding Bootcamp Tuition With Skills Fund
We know that financing options are a key part of the decision-making process for many of our students, so It's my pleasure to announce that DigitalCrafts has partnered with Skills Fund, one of the best when it comes to financing your code school tuition. After much research and many meetings, Skills Fund rose to the top, and we're happy our students will have access to such a great lender.
The Benefits of Funding Your Bootcamp With Skills Fund
If you're looking at financing your coding bootcamp, there are a number of benefits to choosing Skills Fund. Students may borrow between $2,000 and $13,950, depending on whether you're enrolling in our Immersive Bootcamp or our Flex Program, to cover the entirety of tuition (less the deposit). Immersive students who finance the full amount of their tuition can also borrow up to an additional $6,000 per month for housing and living expenses .
Interest rates are fixed at 8.99% for a 3-year loan and 10.99% for a five year loan, and they allow co-signers for those with limited or poor credit history. Skills Fund also offers a 6 month interest-only period for our Immersive students, providing students with 2 months after graduation before full payments are due.
And there are no prepayment penalties, so feel free to pay off your loan as soon as you'd like!
An example loan from Skills Fund
Do I Have to Borrow From Skills Fund to Finance My Tuition?
Simply put, nope! Skills Fund is our preferred lender, but that doesn't mean prospective students are limited to only one option. There are many specialty lenders out there that are shaking up the credit industry, and we encourage you to shop around if you'd like.
One example is Upstart, a lender founded by some ex-Googlers that look at your whole financial and personal picture when considering a loan. There's also LendingTree, or we can introduce you to the good people over at Pave. Lastly, for our veterans out there, we have partnered with GoFundVeterans to provide additional crowd-funding avenues.
It's common for employers to pay for additional training for their workforce. Consider asking your boss for help with tuition- you might be surprised! The demand for development skills in non-developer roles is gaining steam and there's no industry that doesn't use technology in some way.
Scholarships and Discounts
We also have a few scholarships and promotions to consider:
- We offer guaranteed scholarships for women and veterans
- Veterans may also qualify for our GoFundMe scholarship
- African-American students may qualify for the Curtis Jenkins scholarship, offered by a DigitalCrafts alumnus to increase diversity in tech
- Women attending our Atlanta campus may qualify for the Turner Women in Tech scholarship
Each scholarship has its own requirements and benefits, so be sure to read the linked posts for more information.
If you have any questions about tuition, financing, or scholarship opportunities, check out our tuition info or send us an email at firstname.lastname@example.org.
Ready to take the next step in your career and become developer? Download our course packet for more information about our full-stack web development bootcamps.
* This post was updated in March 2019.