Thinkful is a fully-online coding academy that offers 13 different bootcamps that can all be completed online: frontend and backend development; user experience design; iOS and Android mobile app development; data science in Python; and modern web design. Let us now look into Thinkful Cost and ISA.
Thinkful’s career services prepare students for interviews, identify new job opportunities, and review resumes and cover letters.
The Thinkful courses’ price range starts from $4,500 to over $18,500. The courses’ cost varies depending on the course’s length, the type of course, and whether the student chooses the Immersive or Flexible format.
Thinkful offers competitive payment options for their Immersive or Flexible course. The payment options include:
Pay Upfront: The students can pay the total course cost and don’t have to pay anything more.
Month on Month: A monthly payment schedule so that the student can spread out the course’s cost.
SkillsFund Loan: An interest-only or immediate repayment loan plan with SkillsFund.
Income Share Agreement: Students don’t pay anything upon enrollment and can start repaying only after getting hired.
Income Share Agreement with Stipend: Students can opt for this option with a $1500 stipend every month while they’re enrolled. The student can repay the entire fee after getting hired.
Deferred Tuition: Similar to the ISA option, students pay $0 until they’re hired. The difference is that students make fixed monthly payments that are not tied to their income.
Cost of Thinkful Courses
Software Engineering Immersive/Flex Course
Data Science Immersive/Flex
UX/UI Design Immersion/Flex
Technical Project Management
Digital Marketing Immersion/Flex
Data Analytics Immersion/Flex
What is an ISA?
An ISA is a method through which students can pay their school tuition. A Thinkful ISA is a contract through which a student agrees to pay a certain percentage of their post-Thinkful salary for a given number of months.
But, the student only needs to pay once they start making more than $40,000 per year. For Example, If a student opts for ISA and promises to pay back the school, he/she needs to start repaying the school only after he/she gets a job with a predetermined salary, say $50,000 or $100,000 per year.
Check out the Thinkful Review.
Key Terms of Thinkful’s ISA Plan
Each school has its own set of terms and conditions that a student choosing ISA should agree with beforehand. This section will discuss some basic principles that a student has to follow to be eligible for the ISA Plan.
Income-share: The income share is the percentage of income that the student is responsible for paying on a monthly basis.
Term: The term is the duration that the student is responsible for making payments.
Minimum income threshold: Education providers don’t want to issue ISAs that students can’t afford to pay. As a result, most put a minimum income below which students don’t have to make payments.
Grace period: Most programs offer a grace period of at least 2-3 months after the end of a program before ISA payments begin.
Deferment period: If a student remains below the minimum income after the grace period, the ISA is considered to be in deferment status, meaning students don’t make payments, and the term of the ISA doesn’t yet start.
Refund: If the student needs a refund for some reason, he/she will either receive it through a term reduction or an income-share reduction.
Living Stipend: A living stipend is an amount of money provided through the agreement for the student’s living expenses, which is to be paid back after completing the course.
Refund Policy: Thinkful will refund 100% of the students’ tuition if they are not offered a “Qualifying Position” within 180 days of graduation from their Thinkful program.
In general, people consider Thinkful to be extremely inviting and organized. The curriculum of all the subjects are also top-notch and match industry standards. With Thinkful, students have the liberty to choose their favorite field of study from 7 different options.
That being said, students can take our reviews as a serious opinion. However, when it comes to decision making, students should reach out to the desired institution and check with their academic advisor/point of contact and choose the course only if they feel that it provides value to the money, time, and effort they invest in.