Pay for your course over time
Flexible tuition finance for selected Makers Academy courses
StepEx works with Makers Academy to offer regulated tuition finance for selected courses, allowing students to spread the cost of education over time.
Finance is optional and separate from your course application.
Your course is delivered by Makers Academy. Finance is provided by StepEx Lender Ltd.
How StepEx works for Makers Academy students
- You apply for your course with Makers Academy.
- If you wish to spread the cost, you can apply separately for finance with StepEx via a provider-specific link.
- If approved, StepEx settles the financed portion of your course fees.
- You repay StepEx over time, based on the terms you agree.
Approval is subject to eligibility and affordability checks.
Type/s of finance offered for Makers Academy courses
| Finance option | How repayments work | When you repay | Costs | Availability |
|---|---|---|---|---|
| Future Earnings Agreement | Repayments are a percentage of your gross income and can be paused if you evidence that you earn below a minimum threshold, subject to submitting income information in the required format by the deadline. | When income meets or exceeds the threshold | Charge for credit | Selected courses only |
Costs, including any interest or charges for credit, vary by course and finance option.
You can find representative illustrative examples of each finance type further down this page.
Where a financial offer has an income threshold before repayments apply, repayments are not due for any month in which the borrower can evidence that they are earning below that threshold, by the deadline, and in the format required by StepEx.
Finance options available for Makers Academy courses
Showing 1 courses
| Course | Financed amount | Finance type | Income share | Repayment months | Total amount payable |
|---|---|---|---|---|---|
| Makers Academy Software Development | £6,500.00 | FEA | 10% of gross income (unless evidenced income <£2,000.00 per month) | Up to 36 repayment months | £7,200.00 - £14,499.00 |
Makers Academy Software Development
£6,500.00
FEA
10% of gross income (unless evidenced income <£2,000.00 per month)
Up to 36 repayment months
£7,200.00 - £14,499.00
Applications for additional financing options that are not listed may be available to those who meet certain criteria, to find out if this applies to you, please ask your education provider directly.
Who may be eligible
You may be eligible to apply for StepEx finance if you:
- are applying for an eligible course delivered by Makers Academy; and
- meet StepEx's affordability and eligibility criteria.
Approval is not guaranteed. StepEx assesses all applications, and where demand exceeds available funding, not all applicants will be approved.
Representative examples of each finance type
(Illustration only – not a personalised quote)
These examples are for illustration only and are not a personal quotation.
Future Earnings Agreement (FEA) (illustrative)
You repay a percentage of your gross income only when your gross monthly income is at least £2,500, up to a maximum repayment term.
Illustrative example: Borrow £40,000.
Repay 10% of gross income when income is at least £2,500 per month.
Maximum repayment period: up to 36 repayment months.
Total amount repaid may be less than, equal to, or greater than the amount borrowed, depending on income.
A charge for credit applies.
*Total amount repaid under an FEA depends on future income.
Costs and fees
All costs are shown clearly before you decide.
Depending on the course and finance option, these may include:
- •a non-refundable fee of £20 per application;
- •a non-refundable deposit (course-dependent): £2,000.00;
- •a platform or administration fee of £1 per month; and
- •instead of interest a charge for credit is added to the financed amount.
The total amount payable, any other charges and repayment schedule will be shown before you enter into any agreement.
Managing your finance
If you take out StepEx finance:
- your agreement is with StepEx Lender Ltd;
- repayments are managed digitally via the StepEx portal;
- you can view balances, repayments, and account details online; and
- any help you require will be provided via online chat or email for most cases.
You should be comfortable managing your agreement digitally.
Important information
- StepEx finance is optional and separate from your course application.
- Your course provider does not lend to you.
- Regulated credit is provided by StepEx Lender Ltd, an FCA-authorised consumer credit firm and a wholly owned subsidiary of Step Exchange Ltd.
- Finance is subject to eligibility and affordability checks.
- You should conduct your own research on the course you are seeking to undertake and make sure it is right for you and your aims. Any information or complaints about your course content, promotion or delivery should be directed to your course provider.
- If you miss payments due under your agreement with StepEx, we may, in line with your agreement and privacy notice, notify your training provider that your account is in arrears and they may act on this in line with their policies.
Ready to apply?
If you are applying for an eligible Makers Academy course and would like to spread the cost, click the button below to check your options.
Apply for Finance