How to Pay for a Coding Bootcamp

Coding bootcamps are a great way to launch a new career in computer science, but the tuition can be a barrier for some. Fortunately, Eleven Fifty offers financial aid options if you need additional financial assistance. The academy has partnered with student loan providers to help reduce financial barriers for prospective students—admission advisors can help you apply for loans.

Many of the loan providers we work with offer low-interest rates and repayment plans that help students manage monthly payments after completing the program.

Why should I choose a coding bootcamp?

Many prospective students ask: Is a coding bootcamp worth it? Coding bootcamps offer one of the fastest entry paths for prospective computer science professionals. Whether you’re set on a new career as a programmer or you’re interested in cybersecurity, a coding bootcamp will help you enter the workforce quickly and with confidence.

Eleven Fifty offers several free introductory courses that will help you determine whether a full bootcamp is right for you. The free intro courses include Intro to Coding, Intro to Cybersecurity, and Intro to UX/UI Design.

How will I finance my coding bootcamp?

The cost of tuition for coding bootcamps at Eleven Fifty starts at $13,500. There are plenty of financing options to pay for your coding bootcamp. Beyond student loans and financial aid, there are grants and scholarships created to help students afford tuition. Eleven Fifty even offers $10,000 scholarships for some students—speak to an admissions advisor to apply.

GI Bill®

For veterans, the GI Bill covers the full price of tuition for Eleven Fifty Academy bootcamps, plus a stipend for housing and books.

Employer sponsors

Some companies offer employer sponsorships to employees for coding bootcamps. For example, the insurance company Aetna will match up to $2,000 per year for full-time employees, with a $10,000 maximum education allowance. Tech company Nvidia has a student loan repayment agreement that will provide $6,000 per year reimbursement for recent graduates, up to $30,000 total.

Every company will have its own set of eligibility requirements. Ask your employer if they offer education benefits.

Private student loans

Student loans are one of the most common forms of financial aid for coding students. Personal loans from private lenders are an option for students; Skills Fund and ClimbCredit are two options for students enrolling at Eleven Fifty.

While coding bootcamps are not covered under federal student loans such as Pell Grants through FAFSA (federal financial aid), there are other options for borrowers. Eleven Fifty is not covered under the Department of Education’s EQUIP program.

Income share agreements

Two common ways that students will finance their tech bootcamps are Income Share Agreements (ISA) and Progressive Share Agreements (PISA).

Students who opt for an ISA agree to pay back a specific percentage of their income after landing their first job. An application fee is required, but there will be no other financial obligation during a student’s education. The repayment time and amount (13.5 percent of salary post-grad, for example) will be determined ahead of time and will continue even after the cost of the student’s education is covered. ISAs aren’t for everyone, so do your research before choosing this payment option.

PISAs are similar to ISAs, but the payment plans are more beneficial to students—and happen to be unique to Eleven Fifty Academy. For the PISA, the student will pay a small application fee and will not pay again during the bootcamp training. After graduating, the student then won’t start paying until they land a job with a salary of at least $42,000 per year. The repayment terms will require only 5 percent of monthly income, and the agreement will end as soon as the tuition has been paid off.

Which coding bootcamp is right for me?

Eleven Fifty Academy offers several options for coding bootcamps. Students can learn to code through software development or web development bootcamps, or become information security professionals through a cybersecurity training program. Both part-time and full-time programs are available to help provide flexibility for students.

The beauty of Eleven Fifty’s coding bootcamps is that total beginners can apply. While a background in computer science will be helpful, it’s not mandatory for incoming students. However, prospective bootcamp students can take advantage of Eleven Fifty’s range of free intro courses that cover the foundation of programming languages and help answer common curriculum questions.

Each bootcamp at Eleven Fifty has its own set of progress “gates” to calibrate your ongoing success in the program. To earn the various badges—Gold, Blue, and Red—students must pass an assessment and grading rubric that measures coding progress, mini-projects, written assessments, and project presentations. While the bootcamps are designed to help students succeed, the immersive program is rigorous and expects full student participation.

Many students ask if coding bootcamps require math. The short answer is yes, but only in the most basic sense. Coding is more logic-based, and those who don’t like math can still become coding wizards.

If you want to learn more about Eleven Fifty Academy’s courses, there are reviews on Course Report from former students.

What are my job prospects after completing a bootcamp?

One of the reasons coding bootcamps have become so popular is the high job placement rate post-graduation. The Career Services team at Eleven Fifty helps students connect with employers after completing the program, making it even easier for graduates to land their first tech jobs.

While coding bootcamps may feel like a large investment upfront, the payoff is usually worth it for many graduates. On average, coding bootcamp graduates earn almost $70,000 per year, according to the Bureau of Labor Statistics. Depending on your specialty, that number could grow to six figures: an average Application Security Engineer can make $100,000, with some earning as much as $220,000 per year.

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