The U.S. Department of Education recently announced the launch of an experimental program that will allow federal student loans to cover the cost of some computer coding classes.
Coding bootcamps are intensive educational programs that teach participants how to code and become a web developer. Acquiring these in-demand, tech-based skills can often open up a world of career opportunities, allowing you to start a new career, command a higher salary, or become a founder of an innovative startup.
If you’re interested in improving your tech skills, here are the top four coding bootcamps to check out.
1. General Assembly
General Assembly offers full-time, immersive programs, classes, workshops, and courses. Established in New York City in 2011, General Assembly now has 19 locations in the U.S. and abroad. In addition to their on-campus classes, you can also take coding classes online.
General Assembly offers a four-month, full-time web development program that is offered in various cities. At $13,500, the cost of the program isn’t cheap. Financing is available through personal loan providers, many of which we have outlined here.
They also offer a more affordable online course, “HTML, CSS, and Web Design Circuit” for just $1,250. This 10-week online coding class is mentor-guided, providing the chance to work one-on-one with a professional in the field.
Check out our General Assembly review here.
Springboard (formerly SlideRule) takes a personalized approach to education. When starting a class, you speak with a student advisor to discuss your goals. In addition, you’ll have weekly one-on-one video calls with a mentor.
Currently, Springboard offers a UX (user experience) design course to help get your skills into shape. You learn at your own pace and pay by month — as of now, the cost is two monthly payments of $299 each, which includes course curriculum, a mentor, and more. There are no prerequisites.
Springboard also offers Web Development using Python & Django, as well as Android App Development, and more. Additionally, students have the opportunity to learn at a self-guided pace through Springboard’s “Learning Paths.”
As the number of students who take on student loans grows and they become frustrated with traditional educational models, I believe we’ll see a surge in alternative education platforms focused on technology and teaching in-demand skills.
There are many classes, courses, and workshops out there to choose from already . Using these top four coding bootcamps, you can have a leg up in your current career or change careers altogether.
Coding will be the language of the future and could mean a huge return on your investment. Consider how learning to code could provide you more funds to pay off debt, save, invest and live a life you love with a career you enjoy.
Coursera partners with renowned universities such as Stanford, Princeton, Yale, and many more to create in-depth, online courses for a fraction of the cost of enrolling as a full-time student. Essentially, you can get an Ivy league education without the massive student loan debt.
Costs for classes can range from less than a hundred dollars to several hundred dollars. Coursera does offer financial aid to students who face significant economic hardship.
Most classes do not have any prerequisites in regards to experience, so you can jump right in. If you feel like you need a more solid foundation, you can start with Computer Science 101 offered by Stanford University.
Bloc is another great option for learning to code. They offer the Full Stack Web Developer Track, which teaches you every aspect of an application from database to code.
You can choose from their intensive, full-time track that lasts 24 weeks, or something you can do in addition to a full-time job at 15 hours a week for 72 weeks. Additionally, you can choose a mentor to work with.
One of the perks of this program is that Bloc offers job prep and career support, too. Plus, their program is a bit more affordable than General Assembly’s at $9,500. If you want to focus on something specific such as User Experience or Android/iOs, there are tailored programs as well, which are shorter and more affordable at $4,999.
Check out Bloc’s True Cost Calculator, which illustrates the real costs of coding bootcamps and shows your options side-by-side.
Have you used any of these coding bootcamps? What is your experience with alternative education platforms?
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.54% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of March 18, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 0318/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
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3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.5% effective February 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.54% – 7.12%3||Undergrad & Graduate|
|2.54% – 7.27%1||Undergrad & Graduate|
|2.67% – 8.96%4||Undergrad & Graduate|
|3.23% – 6.65%2||Undergrad & Graduate|
|2.69% – 7.43%5||Undergrad & Graduate|
|2.98% – 9.72%6||Undergrad & Graduate|