CodingNomads Financing

CodingNomads Financing2021-09-23T18:49:53-07:00

We’ve all heard of ROI.

Financing your engineering education could be the best investment you ever make.

Financing your engineering education can enable you to invest in your future. This investment can give you a strong ROI through:

  • higher paying jobs
  • more job prospects and benefits
  • a better quality of life

The great thing about investing in engineering education is, your new salary could pay off your investment within months.

Robert – CodingNomads graduate and Software Developer

Get loan options that look beyond your credit score

CodingNomads has teamed up with the Meritize Platform1 to help you fund your education. Meritize knows you are more than just your credit score. That is why they look at your past achievements to potentially enhance your credit evaluation and loan options.2

Academic History

Get credit for your academic achievements by providing your transcripts, or HSE scores

Military Background

Get credit for your military service by providing your military documents, such as your DD214 if you are a veteran

Work experience

Provide details of your work history and professional references for additional merit-based credit

Financing Features & Benefits

  • Borrow from a values-based company that cares about your success

  • Approved applicants can defer full principal and interest payments for 3 months after completing your training

  • Free Career Services

  • 0.25% Interest rate discount with autopay 3
  • Fixed and variable interest rates

  • Customer support available 6 days a week

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How Financing Works

Our financing programs are meant to be flexible and friendly. If you want to reduce your loan amount by paying more upfront / during the course, we can create a custom loan amount and payment schedule that works for you.

1. Choose your Program

  • Program Length: 7 months part-time Intensive Mentored Program + 6 months career support
  • Program Options: Choose from Career Tracks in Java, Python and Data Science + ML.
  • Program Objective: Go from beginner to job-ready professional
  • Fees: $1000 upfront enrollment payment
  • Max loan amount: $7500
  • Program Length: 3 months part-time Intensive Mentored Program
  • Program Options: Includes 1 Individual Course. Available for Java, Advanced Java + Spring, Python, Data Science + ML, Django and Flask.
  • Program Objective: Learn just the skills you need in the area of your interest.
  • Fees: $250 upfront enrollment payment
  • Maximum loan amount: $2500

If you’re unsure which program is right for you, schedule a free consultation with our team.

2. Speak with CodingNomads Admissions

Speak with our team to make sure you have all your questions answered, and to ensure that this is the right investment for you.

We do not conduct a technical admissions exam, but we will assess your motivation & readiness before approving your loan. Schedule a call.

3. Check your Loan Options & Apply

Choose your desired loan amount and check your loan options in minutes, without affecting your credit score.

Select the loan option that’s best for you, and complete your application with supporting documents.

See the Application Checklist. See the FAQ.

4. Loan Approval & Disbursement

Once your application is approved by CodingNomads & Meritize, you will receive an offer letter.

After you accept your offer, your loan will be disbursed to CodingNomads. Now you can complete your enrollment and begin your course!

5. Complete your Course

This is the fun part 🎉 Work 1:1 with your personal mentor, and get the support of CodingNomads entire team & community to master your craft.

If you need to pause or cancel your program, we have flexible scheduling and friendly refund policies to make learning to code achievable for you.

6. Loan Payback

Approved applicants can defer your full principal and interest payments for 3 months after completing your training.

Get flexible payment options, discounts with autopay, and no prepayment penalties.

Considering financing and want to speak with our team?

Speak with our team

Pricing

Reduce your loan amount by making payments during the course. Speak with our team to learn more.

13 Month Career Track

$8,952 - $11,877*
  • $139 – $182*/mo for 60 months*
  • Includes $1000 CodingNomads upfront enrollment fee
  • Includes 4% Meritize origination fee in total loan amount
  • Based on $7,800 total loan amount

3 Month Individual Course

$2,901 - $3,876*
  • $52 – $61*/mo for 60 months*
  • Includes $250 CodingNomads upfront enrollment fee
  • Includes 4% Meritize origination fee in total loan amount
  • Based on $2,600 total loan amount

* Range varies based on approved interest rate. Only available for U.S. residents.

Is financing the right investment for you?

Speak with our team for more information,

and check your loan options without affecting your credit score.

Speak with our team
Check loan options

Financing FAQ

Does applying for a loan affect my credit score?2021-09-02T17:58:09-07:00

Checking your loan options online will not impact your credit score. When you check your rate to see what offer(s) you may qualify for, Meirtize performs a soft inquiry on your credit report, which won’t impact your credit score. Other creditors won’t be able to view soft inquiries since they can only be seen by you.

Once you’ve selected the loan option that’s best for you, you’ll be asked to complete an application and to enter additional information. Once your application is complete Meritize performs a hard inquiry on your credit report which may impact your credit score. Meritize will let you know during the application process at what point your credit score might be impacted.

Can I apply for a loan if I’m not from the US?2021-09-02T18:10:38-07:00

At this time CodingNomads is only able to offer financing to U.S. citizens or permanent residents. We hope to be able to offer financing to non-US students soon. If you’re interested in international financing, let us know!

Do I have to pass a technical exam to be approved for a loan?2021-09-02T18:10:07-07:00

No. Many of our students are beginner coders, and our programs are built for absolute beginners. However, our admissions team will ask questions to assess your motivations and aptitude for learning technical skills and finding work after the program. We only approve financing for students who demonstrate a strong potential to succeed in our programs, and therefore who will benefit from this financial investment.

Can I get approved for a loan if I don’t have a co-borrower?2021-09-02T18:12:01-07:00

Having a co-borrower can potentially improve your loan options. Because Meritize considers your academic, military, or work achievements, you get credit for your merit and could be approved without a co-borrower.

How can I find out the status of my application?2021-09-02T18:13:49-07:00

Call Meritize at 833-MERIT-4U (833-637-4848) or email [email protected].

How do I accept my offer?2021-09-02T18:14:28-07:00

To accept your loan offer, either accept within the application, or reply back to the email you received from [email protected] with the subject line “Congratulations from Meritize.” If you are having trouble finding this email, please check your junk/spam folder. If you have any further questions, call us at 833-MERIT-4U (833-637-4848) or email [email protected].

How long does it take to get a decision on my loan application?2021-09-02T18:15:18-07:00

You will receive a decision on your loan 2 business days after Meritize receives your completed application. A completed application includes your merit documents or confirmation that you do not plan to include these with your application.

Can I reapply if my loan is declined?2021-09-02T18:15:59-07:00

Yes. If your loan is declined, you’ll receive a notice via email to help you understand the reason for your denial. Once you have addressed the issues listed on your credit report, we encourage you to reapply.

What are Meritize merit documents?2021-09-02T18:17:28-07:00

Merit documents are records from your academic or military history.

Why does Meritize ask for merit documents?2021-09-02T18:18:12-07:00

Meritize has a proprietary credit evaluation that takes your previous experience and gives you financial credit for it. We look beyond your FICO score at your merit documents to potentially give you better loan terms.

How do I submit my merit documents?2021-09-02T18:18:59-07:00

If possible, please submit your merit document with your online application. If you applied and did not include your merit document, please send it to [email protected].

For additional FAQs about Meritize Loans and Payback Terms please visit Meritize’s FAQ page.

1. CodingNomads does not endorse a particular lender, nor is it affiliated with Meritize Financial, Inc. (“Meritize”) or the Meritize platform.

Meritize Lending, LLC, NMLS ID 1661035 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)

Meritize Financial, Inc. NMLS ID 1986399 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)

Terms and Conditions apply. Meritize branded loan products are educational loans issued by Meritize Lending, LLC*. Meritize reserves the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen, permanent resident or hold an Employment Authorization Document and meet Meritize’s underwriting requirements. If approved for a loan the actual loan amount, term, payment, and APR amount of loan that a customer qualifies for may vary based on credit determination, state law and other factors. Meritize does not warrant or guarantee any claims made herein, including, but not limited to, gaining admission to a program, concerning the quality or financial strength of any educational institution, securing funding or obtaining employment. Our final loan offer may differ as a result of the school chosen and the associated cost of tuition. Not all schools are eligible for funding. Meritize does not offer educational loans in the following states: IA, IN, KY, ME, MI, ND, NV, SD, VT, WI, WV, WY, PR. All rights reserved. *For residents of SC, loan is made by Meritize Financial, Inc.

2. Loans feature fixed and variable rates. If approved for a loan the actual loan amount, term, payment and APR amount of loan that a customer qualifies for may vary based on credit determination, state law and other factors. If approved for a loan, to qualify for the lowest rate, you must have excellent credit and meet other conditions.

3. The 0.25% Autopay interest rate reduction applies if you make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to obtain a loan.

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Want to speak with a mentor?

Got questions? We’ve got answers! Feel free to schedule a quick 15 minute AMA with a CodingNomads instructor at a time that works best for you!  Click here to schedule your call

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