Financing & Scholarships
Exploring your options for financing? We’re here to help! We have parented with local tech companies, state and federal goverment agencies, as well as low-interest lenders and ISA(Income Sharing Agreement) providers to ensure finances don't prevent you from discovering a rewarding new career in tech.
Learn more about our financing options below.
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Income Share Agreement
Loans and Payment Plans
Early-Bird Discount
Course-Bundle Discount
The Scholarship Fund
GI Bill®
VET TEC
Washington State Worker Retraining Program
BFET®
Other Options
Income Share Agreement (ISA) Financing: A New Way to Finance Education
Code Fellows is excited to partner with MentorWorks to offer the MentorWorks Income Share Agreement (ISA) program issued by Blue Ridge Bank, N.A. as a funding option for students in eligible programs. MentorWorks is changing the game when it comes to education finance and career enhancement tools, providing students with the flexibility to pursue their chosen career path without the burden of student loans.
As part of their innovative “fund and support” model, the MentorWorks ISA program issued by Blue Ridge Bank, N.A., offers ISA financing with career development and professional mentoring, as well as access to employers through their online Talent Accelerator Platform (TAP).
What are ISAs?
ISAs are an innovative alternative to loans. In short, students pay a percentage of their future income for a set period of time, up to a maximum cap, without accruing interest.
Unlike a loan, students do not pay until they find a job and reach the minimum income threshold. The payments adjust according to the level of the student’s income - a true outcome-based model with other downside protections for the student!
Learn more about the MentorWorks ISA program issued by Blue Ridge Bank, N.A. with these downloadable details:
You can also directly compare an Income Share Agreement (ISA) with existing student loan options using the Code Fellows Calculator, or get answers to commonly asked questions on the MentorWorks FAQ page.
Calculate Your ISA Terms and Apply
Loans and Payment Plans
To provide additional options and support for our students, we’ve partnered with Climb Credit and Ascent.
Climb Credit offers affordable financing for any combination of 102, 201, 301, and 401 courses with high approval rates and low monthly payments. Students can apply online on their own or with a co-borrower for any of the following options. You can also use our loan calculator to see your payments or use our interactive quiz to determine which option is best for your situation.
Payment Plan
Pay as you go
Weekly or monthly payments over course duration
Pay the tuition over the course length through recurring cash payments with no interest or fees. Since this is not a loan it doesn't require a credit check. The total tuition must be paid in full prior to completing the course. Payment plans are by course.
Loans
Climb Loan
For students looking for affordable interest rates, starting at 8.99%, Climb's Loan offers the longest loan term and lowest monthly payment option for students. There are 2 payment schedule options (listed below) and there are also never any prepayment penalties, so you can always pay off your loan sooner! Loan amounts can be as low as $3k.
Interest-Only Option: Affordable payments in class and during your job search.
This option allows for smaller monthly payments during and after class, so you can focus on gaining skills for your next career before you start making full payments.
Fully-Deferred Option: Learn Now, Pay Later
This option offers $0 payments for 6 months—giving you plenty of time to focus on gaining skills and starting your next career.
Pathway Payments: 0% interest & no fees
Pathway Payments are great for students who prefer a higher monthly payment in order to avoid any financing cost. These short-term loans carry no interest or hidden fees. All students, regardless of credit, are able to be approved, subject to age and residency requirements.
Check the offers available for your program with Climb’s online application, which can be completed in as little as 5 minutes with no impact on your credit score unless you accept the offer.
Ascent, a loan provider that only works with the highest-rated code schools across the country to provide full-tuition loans. With new, flexible loan options for full-time and part-time students in 102 through 401 courses, Ascent makes it easier to focus on your education and job search.
Immediate Repayment
Start repaying your loan back one month after your program begins.
This option allows you the opportunity to start paying back your loan sooner while giving you the funds to cover your education.
Deferred Repayment
Make no payments while you study and for three months after.
This option offers $0 payments while in class and for 3 months after you complete the program. Allowing you plenty of time to focus on gaining skills and starting your next career
Interest-Only
Make low interest-only payments while you study and for three months after completing your program.
This option allows for affordable monthly payments during and after class, so you can focus on gaining skills for your next career.
Learn More About Ascent
Early-Bird Discount for 201 Courses
You’re working hard to plan out this major life change, and we want to help. We offer an early-bird discount to anyone who is accepted to a 201 course, signs their contract, and pays the $500* deposit at least four weeks before the first day of class.
*The discount is forfeited if you make any changes to your 201 course-plan within 4 weeks of the start of class and cannot be combined with any other discounts.
Veterans using VA Funding; Ch 33 (at 100% eligibility), CH 31 or Vet Tec are not required to pay the $500 deposit. However, they must have submitted their Certificate of Eligibility (COE) or Education Eligibility Status and DD214 documents at least four weeks before the first day of class in order to be eligible for the early-bird discount.
Get in touch to learn more
Course-Bundle Discount
For applicants who have committed to a 201 course prior to enrolling in a 102 course, they will receive a $500* credit towards their 201 tuition, in addition to having their seat in the course reserved.
*The discount is forfeited if you make any changes to your 201 course-plan after you enroll in 102 and cannot be combined with any other discounts.
Get in touch to learn more
The Scholarship Fund
We believe that immersive, fast-paced education is the key to changing individual lives and the tech industry as a whole. With our Scholarship Fund, we hope to remove barriers and provide more opportunities for individuals to be successful in the tech industry.
Improving the diversity of the tech industry creates a lasting impact for both employees and the companies they join. For individuals, tech jobs provide a path to high-paying, rewarding careers. For companies, more diversity in tech means an expanded talent pool, improved team culture, and better products.
Learn More
Who Can Apply
Scholarships are awarded based on financial need and the applicant's ability to meet the requirements of the course and scholarship application. Whether you are a career changer, recent college grad, female, code school student looking to join a better program, military veteran, unemployed or underemployed, we want to help you find a rewarding new career in tech.
How to Apply
Once you've submitted your application for a Code Fellows course, you're ready to apply for a Scholarship. Let your Admissions Advisor know that you’d like to apply for a scholarship so they can send you a link to the application, which involves a series of short essay questions (scholarship deadlines are listed on the Course Calendar).
Our admissions team will reach out to you two weeks before the start of a course to let you know if you received a scholarship.
Ready to start your application?
Apply Now
GI Bill®
By working with Washington State to become certified to receive the GI Bill®, we aim to make tech jobs more available to veterans who are ready to answer the call for much-needed software developers and cybersecurity engineers.
If you qualify for the Worker Retraining Program below, you can use those benefits in conjunction with your GI Bill® benefits to attend Code Fellows.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at https://www.benefits.va.gov/gibill.
Veteran Employment Through Technology Education Courses (VET TEC)
The VET TEC program was designed by the federal government and is offered by the Department of Veterans Affairs (VA), and it’s all about getting veterans transitioned into the tech world as quickly as possible. It can be used alone, or in conjunction with the GI Bill®, to augment what’s available to you and cover things like housing or the full cost of your tuition.
In order to qualify for the VET TEC program, a veteran only needs one day of their GI Bill® benefits available, and they must apply for a VET TEC Certificate of Eligibility (COE) to be approved for the program. One of the requirements of the program is that you have to find relevant employment (as defined by the VA) within six months of graduation.
At Code Fellows, funding from the VET TEC program can be used to cover tuition for either a Certificate of Cybersecurity Engineering or Certificate of Software Development. These certificates total 720 hours including lectures, lab, coworking and collaborative projects.
In our Certificate of Cybersecurity Engineering Program graduates will specialize in Cybersecurity Engineering (Ops 401) and in our Certificate of Software Development Programs you can choose a specialization in Full-Stack Javascript, ASP.NET Core, Python, or Java with SpringMVC and Android (Code 401).
All 401 courses are designed to ensure you have the technical and professional skills needed to ensure you are job-ready upon graduation.
Washington State Worker Retraining Program
The Worker Retraining Program serves those facing unemployment or imminent layoffs. It provides funding for eligible unemployed workers to pursue training and ultimately regain employment. Qualified students may receive financial assistance to help with tuition, covering up to 15% of the total tuition cost. The program is administered by the State Board for Community and Technical Colleges.
Who Can Apply
You may qualify if you are:
- A resident of Washington State, and one of the following:
- Unemployed or about to be laid off
- To qualify, you must be eligible for or have exhausted your unemployment compensation benefits within the last 48 months.
- A displaced homemaker
- Formerly self-employed
- A member of the military with a separation notice
- An unemployed veteran recently separated from service
- A “vulnerable worker” (someone who is employed but in a declining occupation and have less than one year of college education plus a credential)
How to Apply
To determine if you are eligible for the Worker Retraining Program, please start your course application. Once this has been completed, our admissions team can send you a link to a survey that will address the specific qualifications for the program to assess. If you meet the initial qualifications, please provide the appropriate documentation to your Admissions Advisor prior to starting the course to verify your status. Once we confirm your eligibility, we will let you know how much funding is available to you. Funding amounts are up to 15% of total tuition costs and are reflected on the tuition invoice.
Apply Now
Basic Food Employment and Training (BFET)
This program provides employment readiness opportunities to Basic Food (SNAP) recipients who are not participating in the Temporary Assistance for Needy Families.
Through this partnership, qualified students are eligible to enroll in our 101, 102, 201 and 301 courses at no cost.
BFET is an important part of the state’s comprehensive workforce development system, helping low-income individuals, displaced workers, and employers reach their human potential by encouraging economic well-being through skill acquisition, personal responsibility and gainful employment.
*In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, sex, religious creed, disability, age, political beliefs, or reprisal or retaliation for prior civil rights activity in any program or activity conducted or funded by USDA
Other Options
If you are paying for a course out of pocket, would like to talk to an Admissions Advisor about other payment options, or have any questions about scholarships, financing, or student loans, please get in touch.