Written By Jess Feldman
Edited By Liz Eggleston
Course Report strives to create the most trust-worthy content about coding bootcamps. Read more about Course Report’s Editorial Policy and How We Make Money.
Course Report strives to create the most trust-worthy content about coding bootcamps. Read more about Course Report’s Editorial Policy and How We Make Money.
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?
Deposit Required? |
Repayment Terms |
Pros |
Cons |
|
Upfront payment |
No |
N/A |
This is the best value payment plan because you get a discount on tuition! You can get a discount of up to $2k for the Live classes (Full-Time and Part-Time) and a $500 discount for Flex programs. |
You need to have the entire amount owed before day one of bootcamp. |
Monthly payment |
Yes |
Typically, monthly payments spans 12 months, with 0% interest and no credit check required. If a student isn't able to secure loan approval, there may be instances where Coding Temple can extend the payment period beyond 12 months. |
This is a great, flexible option if you don't qualify for loans or our other tuition assistance options. |
You will be paying every month while you are also studying. |
Financed loan |
Yes |
Depending on your loan, you will typically make low, interest-only monthly payments while in the bootcamp. You will pay off the loan in monthly installments after graduating. |
Financing allows you flexibility if you are unable to cover the entire tuition at the start of the bootcamp. |
You will be making interest payments. |
Deferred Tuition |
No |
Your tuition payments are deferred until at least 3 months after graduation. |
Deferred Tuition means no monthly payments while you’re studying at Coding Temple. You only begin to pay after you start a job, and the tuition is the same regardless of your new job’s income. |
You will be making interest payments. |
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:
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.
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.
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.
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.
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:
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.
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.
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:
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.
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:
Coding Temple offers various scholarships and automatic tuition discounts to help make our programs more accessible to students.
Some of these scholarships include:
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 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.
Jess Feldman is an accomplished writer and the Content Manager at Course Report, the leading platform for career changers who are exploring coding bootcamps. With a background in writing, teaching, and social media management, Jess plays a pivotal role in helping Course Report readers make informed decisions about their educational journey.
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