How to Pay for Coding Temple

Table of Contents

• How to Pay for Coding Temple
• The Coding Temple & Americorps Partnership
• The Coding Temple & the Blue Cross Blue Shield Partnership
• Paying Tuition with a WIOA Grant
• Deferred Tuition at Coding Temple
• Financing Your Coding Temple Tuition
• Funding Tuition Through Your Employer
• Coding Temple Scholarships
• Coding Temple’s Free Resources for Prospective Students

Coding Temple prioritizes making its programs affordable for incoming students by offering a variety of payment options and scholarships. In addition to Deferred Tuition and monthly payment plans, Coding Temple has also partnered with federally recognized programs, WIAO and Americorps, which in turn cover partial or full tuition. The Admissions Team at Coding Temple walks us through what incoming students should consider when enrolling at the bootcamp and how to choose the right financial path for them. 

At a high-level, what are main payment options at Coding Temple? 

1. Students can pay in full 
2. Students can choose a monthly installment plan
3. Students can opt for deferred tuition
4. Students can finance their tuition

When a student is applying to Coding Temple, who will they speak with about tuition payment options?

When a student is in the process of applying to Coding Temple they will have the opportunity to engage with the Admissions team to discuss various aspects of their application, including tuition payment options. The Admissions team serves as the initial point of contact and guide for prospective students, ensuring a smooth and informative journey throughout the application process.

In the context of tuition payment options, the Admissions team plays a pivotal role in assisting students in making informed decisions about how to finance their education. The team is well-versed in the different financial pathways available to students, ranging from upfront payments to various financing plans. They understand that the cost of education is a significant consideration for many applicants and are dedicated to providing personalized guidance tailored to each individual's circumstances.

When a student engages with the Coding Temple Admissions team regarding tuition payment options, they can expect to:

• Receive Personalized Guidance: The Admissions team takes the time to understand the student's financial situation, goals, and preferences. They then provide recommendations that align with the student's needs, helping them make an informed decision about tuition payment.
• Discuss Scholarship and Tuition Assistance Opportunities: The Admissions team will delve into the available scholarship and tuition assistance opportunities, explaining eligibility criteria, application procedures, and potential benefits to help students reduce the overall cost of their program.
• Learn About Payment Plans: Students will have the chance to learn about our flexible payment plans that allow tuition to be divided into manageable installments, easing the financial burden of upfront payments.
• Explore Loan Options: In some cases, students may consider loans to cover their tuition. The Admissions team can provide information about loan providers, application procedures, and potential repayment terms.

What is your advice to incoming students on how to choose the best payment option for them?

We encourage incoming students to explore every option, especially for deferred tuition. There are three bank options for students to choose from and we recommend they apply to all of them. They may be denied financing from one, but not the other. Students can also compare interest rates between banks etc. This gives them a fuller picture of what their finances may be.

Do Coding Temple’s payment options include a refund policy?

Yes, Coding Temple offers a refund policy for all courses, which is backed by our job guarantee. Under the job guarantee, if a graduate has actively participated in the bootcamp, completed all required coursework, and followed the guidance of Coding Temple's career services, but still doesn't obtain a job offer within a specified timeframe, they can request a refund of their tuition fees. This policy is designed to give students confidence in their investment and demonstrates Coding Temple's commitment to the success of its students.

Overall, what kind of ROI can Coding Temple students expect?

Students can expect to be placed in a job within 6 months of graduating our program. We also offer a Money-Back Guarantee as a safety precaution should a student be unable to obtain a job after 9 months of graduating, following the MBG guidelines, and working alongside our Career Services team. On average, our graduates who are placed in jobs see a salary increase of $23k.

How to Pay for Coding Temple

Are there any financial benefits of paying for the bootcamp tuition upfront?

For students who opt to pay tuition upfront, there is a discount of up to $2k for the Live classes (Full-Time and Part-Time) and a $500 discount for Flex programs. 

Does Coding Temple offer monthly payment plans to those who would rather not take out a loan? 

Yes, Coding Temple does provide monthly payment plans, designed to accommodate students who do not qualify for loans or our other tuition assistance options.

For how long do these monthly payments typically last?

The usual duration of monthly payments spans 12 months, with 0% interest and no credit check required. In cases where students are unable to secure loan approval, there may be instances where we can extend the payment period beyond 12 months, contingent on their initial loan application.

The Coding Temple & Americorps Partnership

How does this payment option work?

AmeriCorps members interested in attending Coding Temple bootcamps can utilize the Segal AmeriCorps Education Award to support their educational journey. The Segal AmeriCorps Education Award is a financial benefit provided to individuals who have completed a term of national service through AmeriCorps. Coding Temple has a special designation as a School of National Service, which means it is authorized to accept the Segal AmeriCorps Education Award for eligible students. 

Is this a full or partial tuition award?

The Segal AmeriCorps Education Award is not a fixed, one-size-fits-all amount. Instead, it can vary based on several factors, including the type of AmeriCorps program in which an individual serves and the duration of their service. The Segal AmeriCorps Education Award generally serves as a partial tuition award at Coding Temple, helping to cover a portion of the bootcamp's tuition costs.Coding Temple also offers up to 50% tuition matching.

Does an incoming Americorps student need to pay a deposit?

AmeriCorps students enrolling in Coding Temple bootcamps follow the same deposit policy as other students in Coding Temple programs. Any required deposits will be based on Coding Temple's standard policies.

The Coding Temple & the Blue Cross Blue Shield Partnership

How does the Blue Cross Blue Shield tuition sponsorship program work?

With the Blue Cross and Blue Shield Tuition Sponsorship program, aspiring tech enthusiasts who are active Medicaid members of Blue Cross and Blue Shield of Illinois, New Mexico, and Texas can now embark on their educational journey at Coding Temple with substantial financial support. 

Is this a full or partial tuition award?

The Blue Cross and Blue Shield Tuition Sponsorship serves as a full tuition award, significantly alleviating the financial burden of attending a Coding Temple bootcamp.

Is there a deposit requirement for incoming participants?

Just like other students enrolling in Coding Temple programs, incoming participants from Blue Cross and Blue Shield are subject to the same deposit policies, following Coding Temple's standard procedures. Any necessary deposits will be determined based on our established guidelines with Blue Cross and Blue Shield.

Paying Tuition with a WIOA Grant

WIOA stands for the Workforce Innovation and Opportunity Act. With funds from the Department of Labor, the WIOA funds various training programs, including vocational training and on-the-job training. Coding Temple is WIOA-approved, so certain qualified students can use a WIOA grant to cover their bootcamp tuition in order to make a career change into tech. 

Interested applicants should speak with a Coding Temple admissions representative to help them enroll in the WIOA grant. 

Is this grant available to students from all U.S. states?

It is only available for residents of Illinois.

What are the eligibility requirements for prospective students interested in using a WIOA grant?

The requirements for eligibility for the WIOA grant are:

1. Must be currently unemployed.
2. Must be an Illinois resident.
3. Must be 18 years or older. 

Is the WIOA grant a full or partial tuition award?

This grant ranges from $8,000-$13,295, which covers the full tuition.

Is the WIOA grant available for all Coding Temple bootcamps?

The availability of the WIOA grant is specific to the Software Engineering-Full-Time program at Coding Temple; it is not applicable to all programs offered by Coding Temple.

Do incoming WIOA grant recipients need to pay a deposit?

No deposit is required for our WIOA students!

How long does it usually take to get the WIOA grant acceptance?

Students who are interested in using a WIOA grant should allot extra time to get the funds. The WIOA grant acceptance can take: at least 1-1.5 months. 

Deferred Tuition at Coding Temple

Coding Temple’s Deferred Tuition option allows students to start their bootcamp journey without making any upfront payments. Instead, payments are deferred until at least 3 months after graduation, giving graduates some time to secure a job and start earning before starting to pay for their education.

Is the Deferred Tuition available for all Coding Temple bootcamps?

Yes, the Deferred Tuition option is available for all Coding Temple bootcamps. Whether students are enrolling in our Immersive or Flex courses, they can take advantage of the Deferred Tuition payment option.

Do incoming Deferred Tuition students still need to pay a deposit?

No, incoming students who choose the Deferred Tuition option do not need to pay a deposit. Unlike traditional payment structures that often require a deposit to secure a spot, Coding Temple's Deferred Tuition option allows students to enroll without any upfront payment or deposit. This further reduces the financial barriers for students who want to join our program.

Financing Your Coding Temple Tuition

Does Coding Temple have direct relationships with any financing partners?

Yes, Coding Temple has established direct relationships with several financing partners to provide students with various options for financing their education. These partnerships aim to make our programs more accessible to a wider range of individuals who may have financial constraints but are eager to pursue a tech career.

Here's a breakdown of our financing partners:

• Climb Credit: Coding Temple's partnership with Climb Credit enables students to secure financing options specifically tailored for educational purposes. Students have the option to postpone their tuition payments until after they have completed their Coding Temple program. Climb Credit's deferred tuition plan provides students with the financial flexibility needed to focus on their education without the immediate burden of upfront tuition fees, ensuring accessibility and ease of access to quality coding education.
• Ascent Funding: Ascent Funding is a valuable partner of Coding Temple, known for its deferred tuition plan. This unique financing option allows students to attend Coding Temple without the need to pay their tuition upfront. Instead, students commit to repaying their tuition costs after they've graduated. This deferred tuition plan is designed to align the cost of education with students' post-graduation financial capabilities, providing them with a flexible and manageable way to invest in their coding education.
• Stride Funding: Coding Temple's collaboration with Stride Funding focuses on income share agreements (ISAs). Stride Funding offers ISAs that enable students to attend Coding Temple without paying upfront tuition fees. Instead, students commit to repaying a percentage of their income for a specified period after they graduate and secure a tech role. This model minimizes financial risk for students and ensures that Coding Temple's success is tied to the success of its graduates.
• MiaShare: MiaShare offers flexible financing options that cater to students' needs, including installment plans that can span up to 9 months, all of which come with the advantage of 0% interest rates. MiaShare's financing plans do not require a credit check, making it an accessible and convenient choice for individuals looking to finance their Coding Temple education without concerns about their credit history.

Typically, what kinds of APR rates for a bootcamp tuition loan can Coding Temple students expect? 

This fluctuates monthly and is influenced by the Federal rates at the time. Typically, a student can expect a wide range between 6-18%. Variables would be the borrower's credit and loan term.

For students who choose to take out a loan, how long does it typically take to pay back that loan? 

That depends on the term of the loan. Loans can be anywhere from 9 months to 72 months. The longer the loan, the lower the monthly payment but the higher the interest rate. With our students averaging a pay increase that far outstrips the cost of taking our programs, most of our students elect to pay their loans off earlier and not incur the interest. There is no prepayment penalty to do so. Students can be at a net positive investment within the first year of graduating by having their salary increase pay for their loans and then some.

How can someone get the best rate from a lender for their bootcamp tuition?  

Rates are dependent on the borrower's credit. There are a few things a borrower can do to immediately impact their credit score before applying to give them the best chance possible for the lowest rates. Additionally, setting up automatic payments once your loan kicks in gives you a lower interest rate.  

Funding Tuition Through Your Employer

Can a student’s employer fund their Coding Temple tuition? How does that process typically work?

Yes! Coding Temple does accept employer-sponsored tuition payments. Here's how the process typically works:

• Discuss with Your Employer: Start by having a conversation with your employer about your interest in attending Coding Temple. Express your desire for tuition support.
• Get Confirmation: If your employer agrees to sponsor your tuition, they will provide you with a formal agreement outlining the funding details and expectations.
• Enroll in the Program: With your employer's support secured, you can go ahead and enroll in one of our programs. This involves meeting admission requirements and completing any necessary steps.
• Billing and Payment: Your employer will be directly billed for the agreed-upon tuition amount. Coding Temple's finance team will work with your employer to facilitate payment.
• Start Your Program: Once the tuition payment is settled, you can start your Coding Temple program. Attend classes, complete assignments, and work towards your coding goals.
• Progress Updates: Some employers may request progress reports during your program. Coding Temple can provide these updates, ensuring transparency.
• Graduation: Upon successful completion, you'll receive your Certificate of Completion from Coding Temple.

Coding Temple Scholarships

Coding Temple offers various scholarships and automatic tuition discounts to help make our programs more accessible to students. 

Some of these scholarships include:

• Lifelong Learning Scholarship
• WITS (Women In Tech Scholarship)
• Hero Awards Scholarship
• Diversity & Inclusion Scholarship
• Opportunity in Tech Scholarship

These scholarships and discounts may vary from time to time. Prospective students are encouraged to check the Coding Temple website or directly inquire with their admissions team to get the most up-to-date information on available options.

Can Coding Temple scholarships be combined?

No, Coding Temple Scholarships cannot be stacked.

Can scholarships or grants be combined with any other payment option, such as monthly payments or financing?

Yes! In many cases, scholarships or grants can be combined with other payment options.

Do students need to complete a separate application to be considered for any of these scholarships?

Generally, students do not need to complete a separate application to be considered for Coding Temple scholarships. Many scholarships are automatically awarded based on specific eligibility criteria, such as academic achievements, background, or military service. However, for some specialized scholarships or grants, additional application requirements may apply. Students are advised to review the specific details of each scholarship opportunity and follow the provided instructions to ensure consideration.

Coding Temple’s Free Resources for Prospective Students

Coding Temple offers a range of valuable free resources for individuals considering applying to our bootcamp. We provide informative workshops and webinars that cover various topics, giving prospective students the opportunity to interact with our instructors and staff, ask questions, and get a feel for the learning environment.

We also offer a complimentary course book that covers the essential concepts taught during our bootcamp. This resource allows potential students to familiarize themselves with the curriculum and better understand what they can expect from our program.

Find out more and read Coding Temple reviews on Course Report. This article was produced by the Course Report team in partnership with Coding Temple.