Here at Bloc, one of our core values is genuine student advocacy. That is why today, we are very excited to announce that, with our financing partner Skills Fund, we are launching new financing options that will significantly increase the number of students who can financially access Bloc’s Career Track programs to improve their lives. Bloc is the only part-time, online bootcamp to offer interest only financing options that allows students to defer between 83-95% of their tuition cost while they are in the program. We strongly believe that this new option breaks down the substantial financial barrier that has prevented so many qualified students from enrolling in a bootcamp program until now.
These new Interest Only Loans allow students to pay a small fraction of tuition while in the program and for two months after program completion. With this loan, you can pay an in-program payment as low as:
- $152 per month for the Software Developer Track
- $69 per month for the Part-Time Web Developer Track, and
- $76 per month for the Designer Track
Two months after program completion, interest plus principal payments will be paid on a monthly basis. Students will have a choice of either 3- or 5-year term length options with an 8.99% interest rate or 10.99% interest rate, respectively. These new financing options are available, in addition to our current loan options, starting today, Thursday, July 20, 2017.
Although our current financing plans help many people enroll in Bloc, we’re constantly looking to offer more options to aspiring students. Through market research, we found financing is still a large barrier to entry for many aspiring developers and designers who possess the necessary potential. As our students are generally career changers, flexibility and loan options are extremely important.
“We are excited to expand the advantageous financing options available for our career-focused programs, and make transformational educational opportunities at Bloc available to even more students. Now almost anyone willing to commit to the challenge of acquiring new skills can improve their lives with a promising new career and greater earning power.” – CEO, Clint Schmidt
In addition to no principal due during the program, students who don’t qualify for the Interest Only Loan or our current offering (an Immediate Repayment Loan) will be eligible for an Access Loan. Bloc believes in our programs, students, and their ability to produce outcomes wholeheartedly, and we’re excited to make this option available through Skills Fund. These loans are structured to allow for even more people to afford the program. Students can choose whether they want to apply for an Access Loan with an Interest Only structure or an Immediate Repayment structure. If you were previously denied a Skills Fund loan (standard or Interest Only) and are interested in learning more about Access Loans, contact your Student Advisor.
We’re excited about the opportunity to work closely with Skills Fund to open more doors to more students and chip away at the barrier of cost to attend a bootcamp. These loan options are available starting today, Thursday, July 20, 2017. To learn more about these new payment options or Bloc’s programs, schedule a call with your Student Advisor.