Coding bootcamps are the newest solution to navigating the ever-changing labour market, and providing a doorway into career security. You no longer need a university degree to secure a job as a junior developer - today, coding bootcamps offer a laser-focused path into a labour market in need of skilled developers. Over the past five years at Lighthouse Labs, we’ve seen student after student find career success by making an investment into changing their careers.
While bootcamps are fast-paced and offer an expedited route into the job market, they also come with a financial cost. Investing in bootcamp can be a difficult decision to make, and that financial commitment is not always feasible for all potential students. Sometimes these students are also those in greatest need of a career refresh, so we’re committed to improving accessibility to education and addressing the financial barriers that many people face. That’s why we’ve rounded up a number of options to help you finance yourself through bootcamp and your job hunt.
Student Line of Credit
Accessing a student line of credit is one option for financing yourself through bootcamp. Many banks offer a student line of credit to help cover tuition costs, living expenses, and even the cost of your laptop! Interest rates are low, and are taken monthly. Check with your local bank to see if you qualify to receive a student line of credit for bootcamp. Pro tip: you don’t have to be with a certain bank in order to receive their student line of credit.
Government student loans are another great option to assist in covering your tuition. Lighthouse Labs Web Development Bootcamp is approved for Student Aid in Vancouver, Victoria, and Calgary. If you’re a resident of British Columbia or Alberta, you may be eligible for financial assistance. For more information or to apply online, you can visit the StudentAid website for British Columbia or Alberta.
Caisse Desjardins des Technologies de l'information
Caisse Desjardins des Technologies de l'information offers financing options to students in Montreal and Ottawa. At prime rate, you can take out a personal loan to cover the cost of tuition. After graduation, there’s 4 month grace period before you need to begin paying back the loan. If you’re interested in this option, you can further discuss the process in your bootcamp interview.
Immigrant Services Society of BC
Immigrant Services Society of BC (ISS of BC) offers an employment bridging program designed to help internationally trained professionals to renew their credentials in Canada and return back to their profession or seek an alternative career. They help facilitate low cost loans and offer employment counselling support.
First Nations Tech Council
The First Nations Tech Council (FNTC) are an Indigenous-led not-for-profit working to ensure that Indigenous peoples have the tools, education and support to thrive in the digital age. FNTC provides funded and accredited education programs to advance Indigenous peoples careers in innovation and technology, and Lighthouse Labs offers its 12-week web development program to prospective students.
Windmill Microlending is a Canadian charity offering low-interest microloans of up to $15,000 to help new Canadians pay for education. Since 2005, Windmill has supported over 5,000 immigrants and refugees overcome underemployment and succeed in their careers.
In response to the COVID-19 outbreak, we're pledging $500,000 in scholarship funds for all our courses, available to those who are facing economic uncertainty as a result of the pandemic. This includes job losses, job minimization and school interruptions. Whether it’s a full career transition, or adding skills that would make someone more attractive in this job market, Lighthouse Labs would like to support every individual we can who is currently in a time of need.
Scholarships are in $5000 increments for full-time and $750 increments for part-time courses. Our goal is to give as many of these out as possible and as quickly as we can, for those individuals who suddenly have the time, but may not have finances to put forward at this time.
- Submit your application, or pay the deposit if you're applying to a part-time course.
- You'll receive an email with your personal link to apply for a scholarship.
- Complete the scholarship application and submit your written essay questions to determine eligibility.
With so many options to choose from, a career in software development could be within your reach.