Achieving Professional Advancement: Financial Aid Opportunities at Our Establishment
Investing in one's career can be a smart move, and for those considering a career change or advancement in the tech industry, General Assembly's bootcamps are proving to be a worthwhile investment. With success stories like Luxe Hahn, a graduate of the Software Engineering Bootcamp now working as a Software Engineer at Auctane, it's clear that the tech industry offers promising opportunities.
For those concerned about the financial burden, General Assembly offers a variety of funding options to make the journey more accessible.
One such option is the Income Share Agreement (ISA), where students pay no upfront tuition and only repay a percentage of their income once they secure a job earning at least $40,000 per year. This reduces the initial financial burden and ties payment to career success.
Traditional student loans are also available, with partners like Climb Credit and Sallie Mae offering loans that cover tuition and sometimes cost-of-living expenses. Climb Credit offers 0% interest loans with deferred or immediate payment options, while Sallie Mae offers loans with a 10-year repayment period and no prepayment penalties.
For veterans in the United States, the GI Bill can be used to fund a full-time bootcamp at General Assembly's New York City campus.
If none of these official partnerships or payment plans suit a student's needs, other funding options are still available. Employers offering learning stipends as part of their employee benefits package can be a great resource, with such benefits increasing employee happiness by 83%.
Additionally, the Infocomm Media Development Authority (IMDA) in Singapore offers the Tech Immersion and Placement Programme (TIPP) to help equip the workforce for the demand of tech employees, with General Assembly's bootcamps being eligible for TIPP funding for Singaporean residents.
For those who prefer to save a lump sum of money for tuition, cutting unnecessary spending and putting away a set amount of money each month can help prepare for a tech bootcamp.
It's worth noting that more than half of all General Assembly students take advantage of financial assistance, and more than 45% of part-time students receive tuition reimbursement from their employers.
The EdAid partnership is available to students in Canada and the UK, offering interest-free payment plans. Various GI Bill chapters can also be leveraged for funding a General Assembly bootcamp.
Private loans are available, some of which cover living expenses in addition to tuition costs. However, interest rates for private loans range from 6.5-15%, with loan terms between 3-5 years.
The information provided is for general guidance only, and terms and conditions of financial products may change, so it's important to consult the financing handbook for the most up-to-date and comprehensive information.
In conclusion, a career pivot to tech can be impactful, but the financial burden can be a concern. General Assembly offers a variety of funding options to make the journey more accessible, from ISAs and student loans to employer sponsorships and government scholarships. By exploring these options and investing in education, individuals can advance or change their careers in the tech industry.
- For those considering a career change or advancement in the tech industry, General Assembly's tech bootcamps, like the one in data science or software engineering, can be a worthwhile investment, as evidenced by success stories such as Luxe Hahn.
- For those concerned about the financial burden, General Assembly offers various funding options, including the Income Share Agreement (ISA), where students pay no upfront tuition and only repay a percentage of their income once they secure a job earning at least $40,000 per year.
- Employers offering learning stipends as part of their employee benefits package can be a great resource for those seeking to fund a tech bootcamp, as such benefits increase employee happiness by 83%.
- For veterans in the United States, the GI Bill can be used to fund a full-time bootcamp at General Assembly's New York City campus, offering a promising opportunity for a career change or advancement in the tech industry.
