The hallmark of a well-reputed bootcamp or web development program is that it offers diverse payment options. From the traditional upfront payments to easy installments and scholarships, there usually is every facility to help a student pay to acquire these new skills. Education is one of the fundamental human rights and institutions around the world go to enormous lengths to ensure this. If a student meets the merit criteria, there is no reason why they shouldn’t be able to get the knowledge they want.
Here are a few ways in which prospective students can pay for their web development bootcamp:
Scholarships
Most bootcamps like the Texas A&M Bootcamp is recognized and supported by the Texas A&M University Kingsville. This means that any payment options which are available to regular students can also be availed by students attending bootcamps. Scholarships are one of the various choices. Deserving students can submit their applications to the admission committee. The details are reviewed and then a decision is made on whether to award the scholarship or not. The application process is usually quite simply with little or no eligibility requirements.
Deferred payments
To make things easier for students, they can simply make payments in small and affordable monthly installments. There are different packages offered in every institution. These options can also be tailor made to fit the student’s feasibility. This, however, depends on whether a specific school has this option or not. The Texas A&M bootcamp does have three flexible payment options ranging from six to eighteen months. There is a small upfront payment of $100 to $250 dollars and the rest is spread out equally over several things depending on which plan you choose for yourself.
Crowd funding
Crowdfunding campaigns have grown in popularity over the past few years. Bootcamps allow students to pay their tuition through a loan acquired by crowdfunding. This is an effective way to get the required funds but there are a few things which students have to bear in mind. Crowd funders are usually looking for people who have a compelling story behind them. Also, there are friends and family who can pitch into this effort. Furthermore, alumni and other people associated with the bootcamp can also help in raising the necessary funds. The latter are a target audience mostly because they understand the importance which the bootcamp will hold in your future career.
Financing
Financing through loans and other avenues is another option by which students can foot the bill for their web development bootcamp. Many private lenders like Skills Fund offer affordable rates to students in order to finance their education. These organizations also have partnerships with certain institutions and the universities themselves also have financing options. All these avenues combined can contribute a great deal in providing students different ways to fund their bootcamps. It is important to look into the availability of such options before picking a program to pursue web development training.
Income sharing
This is one of the options which has grown in popularity recently. Income share agreements are signed between the university and the student. According to the terms, if the student lends a job above a certain threshold, they agree to pay a specific percentage of their salary to the institution. Under this agreement, the risks are mutual. They are shared by both parties. This puts both of their interests at stake. Most credible bootcamps offer job assistance where they help graduating students find suitable places in the industry. This creates a win-win situation for the student and their university.
Self-pay
Last but not the least is the most straightforward option. Students who can manage to pay their own dues can do so. The charges they have to pay are relatively lower than what the other students might have to pay for instance, with the deferred payment option. Self-pay is an investment which students are making into their careers. Web development is a field where the students land jobs which can repay their tuition fees within a few months. Therefore, it becomes one of the most beneficial business transactions we perform in life.
Bootcamps are one of the most effective ways to get yourself up to speed with an emerging and lucrative field. They are well worth the money in every way. Moreover, they provide skills which are way beyond the traditional methods of learning. These experiences help students accustom themselves with on ground realities quite quickly. This knowledge coupled with the plethora of payment options is what makes bootcamps so exciting. This is the reason they are becoming the learning medium of choice for many individuals. Many professionals looking to upgrade their careers are others with the objective of starting it in web development are heading to bootcamps to fulfil their dreams.