When it comes to coding bootcamps, financing options are limited compared to other educational institutions. Unfortunately, most coding bootcamps can’t accept the FAFSA or other federal loans. Thinkful wants to become more accessible to those who are looking to change or progress their careers. Because of this, Thinkful has partnered with Skills Fund to offer more affordable financing options:>
Interest-only Monthly Payments:
Interest-only payments on your loan allows you to have the lowest monthly payments by only paying the interest for a certain amount of time and then your payments would increase to a fixed amount afterwards. The idea behind this payment plan is that your monthly payments are low while you are in the program and then the payments would increase around the time you would graduate and receive full-time employment within your field.
- $68/mo for the first 8 months and $288/mo for 36 months after for our Data Science program and Data Analytics program
- $72/mo for the first 8 months and $306 for 36 months after for our Product Design program
- $74/mo for the first 8 months and $314/mo for 36 months after for our Engineering Flex program
- $98/mo for the first 6 months and $418 for 36 months after for our Engineering Nights & Weekends program
- $125/mo for the first 6 months and $529/mo for 36 months after for our Engineering Immersion program
Immediate Monthly Repayments:
Immediate monthly payments would allow you to pay off your loan as you go through the program. The payments would begin on the second month of your program.
- $289 for 36 months for our Data Science program and Data Analytics program
- $306 for 36 months for our Product Design program
- $314 for 36 months for our Engineering Flex program
- This payment option is not available for our Engineering Immersion program
Deferred Monthly Payments:
Deferred payment plans are designed to give you an opportunity to pay fees and tuitions over an extended period of time without taking out a loan. The payments would begin on the second month of your course.
- $500/mo for 17 months for our Data Science program
- $500/month for 19 months for our Engineering Flex program
- This payment option is not available for other Thinkful programs
Month to Month Payments:
Month to month payments let you pay as you go. You will only pay the monthly payments during your time in the course.
- $1,495/mo for our Data Science program and Data Analytics program
- $1,590/mo for our Product Design program
- $1,667/mo for our Engineering Flex program
- $1,975/mo for our Engineering Nights & Weekends program
- $3,520/mo for our Engineering Immersion
Income Share Agreements - No Tuition Until You’re Hired:
We offer income share agreements (ISA) for our Engineering Immersion and Engineering Nights & Weekends programs. If you choose an ISA, you won’t make payments until you are earning an income above $40,000/year. You will repay your tuition with 15% of your income for three years or until you have paid back $28,000 in total.
Currently, we offer scholarships to self-identifying women and US military members both active and discharged. This includes a $600 scholarship for our Engineering Flex, Data Science, Data Analytics, and Product Design programs and a $1,200 scholarship for our Engineering Immersion and Engineering Nights & Weekends programs.
A refundable deposit is required with any payment plan. However, with the exception of an income shared agreement, you can change your payment plan at any time.
Is Thinkful worth the investment?
Our programs are backed by a tuition refund guarantee. If you don’t get a job in your field after graduation, we’ll give you your money back. If that’s not enough, our student outcomes are pretty impressive. The median annual income for our Full-time Web Development graduates is $70,000 and $63,000 for our Flexible Web Development graduates. Over 80% of our graduates have found full-time employment in their fields within six months of graduating.