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Though the value of grants and scholarships for a traditional college education is well known (they cover about a third of college costs), the availability of scholarships for non-traditional programs is something many bootcamp students might overlook. Scholarships, then, can be a valuable resource for financing many coding bootcamps. A local career resources center or similar agency may be able to help you learn about current opportunities. If you’ve never been in the military and don’t fit into a group being offered special scholarships for these training programs, you might still qualify for a scholarship based on merit or financial need.
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Many schools now accept the GI Bill, which is helping more veterans to begin new tech careers. If you don’t qualify for special treatment as a member of one of these groups, you may still be able to profit from your group identification - provided the group you identify with is a branch of the U.S. For instance, some bootcamps offer scholarships to individuals who identify as LGBTQ+. Though this typically means women and members of ethnic or racial minorities, some bootcamps offer scholarships to members of groups unrelated to these traditional categories. Several bootcamps offer scholarships to individuals in groups they believe are underrepresented in the industry.
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Coding bootcamp scholarships and the GI Bill Though learning about the available loans is a great idea and something we’ll talk about shortly, you may be able to reduce how much you spend on your coding program by taking advantage of funding opportunities that offere money you don’t have to pay back.
BEST CODING BOOTCAMP ONLINE FAFSA HOW TO
Most people trying to figure out how to pay for a coding bootcamp think first of what loans they might qualify for. Pay for coding bootcamps without borrowing Before discussing coding bootcamp loans and other financing options you have to pay back, we’ll look at some of your other options. Not to worry, there are ways to make it happen, and below are some of them. ( Source)īut what if you don’t have $13,500 lying around to pay for the program? The in-field employment rate reported by graduates of one General Assembly program, for instance, is 91.4%. Although no training program can guarantee employment, 82% of bootcamp graduates indicate they’ve found employment. Such coding bootcamps equip students for today’s tech job market with intensive training in digital skills such as web development and UX/UI design. However, the average starting salary for bootcamp graduates was $67,000, according to a 2019 survey of 1862 graduates from 79 coding bootcamps. Completing a bootcamp does not guarantee a higher salary. The average bootcamp costs about $13,500 and lasts around 14 weeks. Though bootcamps began as for-profit businesses unaffiliated with traditional postsecondary institutions, nearly 50 bootcamps had partnered with universities by 2020. The good news is there are other options available for financing coding bootcamps. To complicate things further, most bootcamp students cannot qualify for traditional private student loans because these only consider students that attend accredited two- or four-year college programs. This means they are not overseen by the government and students cannot qualify for federal student aid programs, such as Pell Grant, or federal student loans. Most coding bootcamps, including those offered by community colleges, are actually managed by private companies. Coding bootcamps and federal student aid programs