9 Coding Boot Camps That Defer Tuition Until You Find a Job

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

coding boot camps

We’ve got your back! Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more

How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. This helps pay for our amazing staff of writers (many of which are paying back student loans of their own!).

Bottom line: We’re here for you. So please learn all you can, email us with any questions, and feel free to visit or not visit any of the loan providers on our site. Read less

If you’re struggling to make ends meet in your current line of work, you may have considered switching to a tech career at some point. One popular way to leap into a lucrative career in web or software development is a coding boot camp.

But coding boot camp tuition costs an average of $13,584, which means it’s not a cheap option for many of us. Fortunately, some boot camps have introduced a deferred tuition solution — also known as an income share agreement (ISA).

Here’s everything you need to know about this new policy, plus a list of short-, medium- and long-term boot camps featuring ISAs.

The basics of boot camps and income share agreements
Short-term coding boot camps with ISAs
Medium-term coding boot camps with ISAs
Long-term coding schools
Is a coding boot camp right for you?

The basics of boot camps and income share agreements

Coding boot camps that offer ISAs don’t require you to pay for your education until you find a job — after which you’ll be asked to pay a percentage of your salary.

“Deferred tuition schools reduce the barrier to entry for students who can’t afford $15,000 to $20,000 up front in tuition, which means more diverse applicant pools — and that’s always a good thing,” said Liz Eggleston, co-founder of Course Report, a hub of coding boot camp information.

Since schools don’t get paid unless you find a job (though this job can be either inside or outside of the industry in which you studied), it gives them a strong incentive to offer a solid education.

Although it sounds like a win-win scenario, there are a few things to be aware of when it comes to deferred tuition coding boot camps:1

  • ISAs vary by school, so it’s essential to understand how contracts work.
  • You’ll still need to cover your living expenses, perhaps via a private student loan.
  • Some require an upfront deposit to ensure you won’t back out, although the deposit could be applied as a credit toward your deferred tuition before or after you leave school.

Eggleston also warned: “Because a school only gets paid when a student is placed in a job, students should expect to be held to a high standard in class. Think regular assessments you can’t fail without being asked to leave. So attrition is higher.”

Alternatives to income share agreements

If that won’t work for you, there are other ways to afford a coding boot camp. For instance, you can look into student loans for boot camp with companies such as Earnest (if they partner with your school), or scholarships for underrepresented populations.

Whatever you do, be sure to research a boot camp before applying, as quality varies widely. Some boot camps offer low-quality instruction, while others inflate the number of graduates who have been hired after graduation.

Searching for reviews on sites like Course Report and SwitchUp, as well as talking to a boot camp’s alumni, should help you determine if it’s legitimate or not.

Short-term coding boot camps with ISAs

The three choices below are traditional coding boot camps: Short-term commitments where you give it your all (typically 50 to 80 hours a week).

1. App Academy

Probably the most well-known of the ISA-offering boot camps, App Academy offers 16-week programs in New York and San Francisco. You’ll focus on Ruby, Rails, JavaScript and React, a course of study the academy claims has contributed to its 96% job placement rate.

ISA: Up to 28% of your first year’s salary or as much as 23% if you make an upfront, partial tuition payment

Deposit: $3,000 (refundable)

2. The Grace Hopper Program

With the goal of reducing tech’s gender gap, The Grace Hopper Program is a women-only subset of Fullstack Academy. The program, which focuses on full-stack JavaScript, consists of a four-week remote class followed by 13 weeks of in-person training in New York City.

ISA: $16,910, paid in nine monthly installments after finding a full-time developer job

Deposit: $3,000 (refundable)

Medium-term coding boot camp with ISAs

Longer than a boot camp, but much shorter than a traditional university, here are three innovative medium-term options for learning to code.

3. Lambda School

The online-only Lambda program lasts just nine months. You could specialize in data science, full-stack web development, iOS development or user experience design.

The school stands out, in part, for its support. You’ll be flanked by instructors, student success advisors, career coaches and mentors — and you’ll join a study group of six to eight students that will meet daily.

ISA: Share 17% of your income for two years (or until you pay of $30,000), once you start making $50,000 per year

4. Ada Developers Academy

Created for women and non-binary people, Seattle’s Ada Developers Academy is technically not tuition-deferred; it’s tuition-free.

Its full-time classroom training focuses on full-stack web development for about six months and is followed by a five-month paid internship. You can also apply for a low-interest loan to help with living expenses.

ISA: $0

5. Pursuit

Pursuit wants to bring more diversity to the field of programming. Its Access Code program lasts 10 to 12 months and offers two tracks: full-stack web and iOS.

To apply and attend, you must be a resident of the New York metropolitan area and earn no more than $45,000 per year. Women, underrepresented minorities and those without a college degree are encouraged to apply.

ISA: 12% of your salary for three years, once you find a tech job that pays at least $60,000 annually

Long-term coding schools

More like alternatives to universities, the coding schools below last for two years. Unlike with traditional universities, though, you’ll most likely graduate without any student loan debt.

6. Holberton School

The Holberton School has campuses located in San Francisco, New Haven, Conn., and Tulsa, Okla., as well as internationally. Its two-year curriculum consists of nine months of on-site training, following a variety of specialty tracks, from machine learning to full-stack web development. Students could also elect to opt out of specialization and enter the workforce early.

ISA: 17% of your salary for up to 42 months, depending on income

7. Make School

At Make School’s two-year “Product College” in San Francisco, you can focus on either mobile or web development. You won’t need to pay anything until you land a paid internship, followed by a job.

Make School stands out because it’s among schools featuring an ISA and a bachelor’s degree program. It also offers an additional income share agreement of $1,500 to help cover living expenses.

ISA: 20% of gross salary, when it reaches $60,000, for five years

8. CODE University

CODE is an alternative bachelor’s degree program in Berlin that offers three different tracks: software engineering, interaction design and product management. You graduate when you’ve achieved proficiency, typically after six semesters.

Although no deposit is required, non-EU residents will likely have to show a hefty savings account (€8,500, or nearly $9,500) to obtain a student visa. If you have some financial flexibility, you’re not locked into signing an ISA: You also could pay monthly tuition of €822 (about $916) for 36 months.

ISA: 7% to 9% of relevant income over €21,000 (about $23,400) for 10 years

9. 42

This university made big waves when it opened in Silicon Valley. Funded by a French billionaire, 42 has no classes, no professors and no grades.

Its coding or software engineering curriculum takes three to five years to complete, including two mandatory internships. It charges no fees and no tuition, but you will have to cover your living expenses.

ISA: $0

Is a coding boot camp right for you?

It’s easy to see why coding boot camps are a booming business. They promise a relatively fast education toward fast-growing careers. The Bureau of Labor Statistics predicted demand for web developers and software developers would grow by 13% and 21%, respectively, between 2018 and 2028.

That being said, boot camps aren’t for everybody. Before diving in, make sure you actually enjoy coding by taking free classes online.

Also, if you do decide to apply, research schools carefully — and don’t forget to check out deferred tuition coding boot camps like the ones above. While ISAs aren’t good fits for all careers, they could be helpful if you’re going into the technology field.

Andrew Pentis contributed to this report.