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Financing Your Future

How Much Does Hackbright Academy Cost and How Can I Pay for It?

We believe you’re worth investing in, and so do a lot of others.  Many of our students pay their tuition ($12,900 for the Software Engineering Course) out of pocket, but for those who need extra help, you can apply for a scholarship or look into the financing options below.

Though federal loans are not available, Ascent, Climb, and Stride are private lenders that are well known in the bootcamp industry and are familiar with Hackbright and our students.

Additionally, you can use any financing option you’re able to find, and applicants will not receive special consideration for the source of their funding. We want you to do what works best for you. If you’re interested in a loan that is not listed, please contact the lender directly to learn about their terms and application process.

If you have questions or need additional help, please email finance@hackbrightacademy.com!

SOFTWARE ENGINEERING LENDERS

Climb Loans

Climb identifies programs with a demonstrated ability to improve the earnings of their graduates—then offers financing options priced and structured to meet the unique needs of those seeking career elevation.

  • A 5-minute application with no impact to your credit score and the ability to add cosigners, so you can apply with multiple co-signers to see your best offer.
  • Instant decisions 90% of the time, with the ability to accept and e-sign your documents in just a few clicks.
  • Friendly and responsive customer service available by email (hello@climbcredit.com), phone (888-510-0533) and instant chat from 9AM to 9PM ET.

Information & Terms

  • Maximum borrowing amount is $50,000.
  • Average amount borrowed by students last year: $7,668.90.
  • Loans have 36 to 42 month terms.
  • Climb offers deferment programs to borrowers facing hardship on a case-by-case basis.
  • Base rates from 6.99% to 14.15%.
  • There is a 5% origination fee.
  • APRs from 9.55% to 17.46%.
  • See Climb’s application disclosure.

Eligibility: You (or your co-borrower) must be a U.S. citizen or permanent resident.

 

Information provided by Climb on August 10, 2021 (updated October 6, 2021) and is subject to change by Climb without notice. Borrowers should verify with Climb. Climb is not affiliated with other lenders presented here.

Ascent Loans

Ascent only works with boot camps that have passed their rigorous quality review process aimed at ensuring great outcomes for students. They provide several affordable monthly repayment plans, including the option to pay nothing while you’re in school.

  • Borrow as little as $2,000 up to your full tuition and up to $7,500 in living expenses for select programs.
  • Ascent offers low, fixed rates, and allows approvals with or without income or employment.
  • With any Ascent loan, you can choose to make early payments or fully pay off your loan without prepayment fees.

Information & Terms

  • Maximum borrowing amount is $40,000.
  • Average amount borrowed by students last year: $13,089.86.
  • Loans have 36 to 60 month terms.
  • Limited deferments available for active-duty military, temporary hardship, and natural disasters.
  • Base rates from 6.5% to 15.5%.
  • There is a 5% origination fee.
  • APRs from 8.25% to 18.49%.
  • See Ascent’s application disclosure.

Eligibility:For U.S. citizens, permanent residents, or DACA recipients with established credit and no outstanding education loan defaults. Temporary residents may apply with qualifying cosigner.

Information provided by Ascent on August 9, 2021 (updated April 6, 2022) and is subject to change by Ascent without notice. Borrowers should verify with Ascent. Ascent is not affiliated with other lenders presented here.

Stride Funding ISA (Available Mid-March 2022)

Stride Funding offers Hackbright students of all backgrounds a pathway to education funding built to support your career journey. Stride’s Income Share Agreements (ISAs) offer downside protection and payment flexibility, ensuring that you don’t pay until you are earning a minimum living wage after your program. You can apply with confidence today knowing:

  • Stride never requires a cosigner
  • Payments adjust with earnings to ensure you pay less if you earn less
  • Applications take no more than 5–10 minutes, with 90% receiving decisions instantly
  • Stride’s student success team is available at support@stridefunding.com and (214) 775-9960 to answer any questions

Information & Terms

  • Maximum borrowing amount is $12,650.
  • Average amount borrowed by students last year: Not available yet.
  • ISA loan has 36 to 72 month terms.
  • Loans are deferred (no payment is required) when students are not making $4,166.66 a month (equivalent of $50,000 annually).
  • Base rates from 0% to 9%.
  • There is no origination fee.
  • APRs from 0% to 21%
  • The maximum payment (payment cap) is 1.4x the amount financed.
  • See Stride’s application disclosure.

Eligibility: You must be a credit eligible U.S. citizen or permanent resident admitted to the full-time Software Engineering program, and not a resident of Alabama, Colorado, Iowa, South Carolina, or Washington. 

Information provided by Stride on February 22, 2022 and is subject to change by Stride without notice. Borrowers should verify with Stride. Stride is not affiliated with other lenders presented here.

Important Third-Party Loan Information

The information above, including the loan disclosures, is provided by the lender. Additional information and loan applications can be found on the individual lender’s website.

A private loan is issued to the student and is a non-federal, educational loan that may require a co-signer. These loans vary in terms, conditions, eligibility requirements, additional fees, and typically have variable or fixed interest rates based on credit scores. Before applying for any loan, you should evaluate the criteria to determine if it’s right for you.

To determine which lenders and loans to list, we request information periodically and select lenders who meet our criteria. The lenders above were selected because they provide financing options for Hackbright students, have a track record of providing good service to bootcampers, and provide terms in line with industry norms. Loan options that don’t adhere to our criteria are removed. Multiple lenders will be presented at all times.

 

Our Commitment to You

Please know that we maintain professional relationships with all lenders and will not display financing options in exchange for payment or benefits—including compensation to serve on any lender board of directors or advisory boards; accepting gifts including trips, meals, and entertainment; allowing lenders to staff our institution’s financial aid office; allowing lenders to place our institution’s name or logo on their products; and owning lenders’ stock for those college officials who make loan decisions for our institution.

For more information, please see the Financial Aid Code of Conduct, which all employees will follow.