Northcoders

Be part of Northcoders Digital Community

Northcoders isn’t just a coding school but a digital community with an inclusive and supportive learning environment. Northcoders’ code is to always put people first where students find empathy and humility above all else. 

As a part of their commitment to inclusivity, Northcoders now invests in you. Consistent with its commitment to access and its belief in the value of the education it provides, Northcoders has partnered with StepEx to introduce ‚ÄĚFuture Earnings Agreements (FEAs)” and affordable Payment Plans. 

Key Features of Payment Plan

Interest-Free Payment Plan: With this agreement you can make timely monthly payments to cover your tuition fees without incurring any interest charges. The total amount you repay is the same as the upfront tuition fee amount (excluding the set-up charge). While administrative fees may be imposed for missed payments, no interest will be added to the outstanding amount.

 

Please see below the qualifying courses and terms of the student offer for each of them. 

 

Details of Your Payment Plan

Repayments are set at an equal monthly amount over your repayment, other than your first repayment which may be higher to account for a course reservation fee or arrangement fee. Evenly spread over your period of study, starting with a payment in the last month of your course, with a total value equal to the tuition fee charge plus the setup costs and platform fee, with no interest added.

 

Northcoders Core Payment Plan: £250 upfront and 23 monthly instalments of £289.58. Your last month repayment amount is £289.66.

 

Northcoders Career Plus Payment Plan: £250 upfront and 23 monthly instalments of £354.17. Your last month repayment amount is £354.09.

 

The Northcoders Core and Northcoders Career Plus programmes covers the following courses:

1. Software Development 

2. Cloud Engineering 

3. Data Engineering 

Key Features of Future Earnings Agreements (FEAs)

Future Earnings Agreements: With this agreement, you commit to repaying a fixed percentage of your post-course earnings, but only when your gross annual income is at least £24,000. Your total repayment amount is directly linked to your future income, requiring you to pay less than the average earner if your earnings are

lower and more if they are higher. Rest assured, there is a cap on the maximum amount you could ever repay, set at twice the tuition fees.

 

Please click here for video on FEAs. 

 

Please see below the qualifying courses and terms of the student offer for each of them. 

 

Details of Your Future Earnings Agreements

Repayments are set to start once you graduate and start earning at least £24,000. You will then repay a small percentage of your income for a fixed period of time. Depending on your post-course performance you might repay £0 if you do not meet the income threshold for the first 96 months from the course end date. Conversely, you might repay more if you excel in your career after completing the course. The maximum amount you might ever repay is limited to 1.6x the tuition fees. 

 

Northcoders Core FEA: £250 upfront + 10% of your gross earnings for 36 months when you start earning at least £24,000 per annum.

 

The maximum amount you might ever repay if you earn more than expected is capped at £11,120. If your income does not exceed £24,000 for the 96 months post graduation, you have no further obligation of repaying any outstanding balance. 

 

Northcoders Career Plus FEA: £250 upfront + 12% of your gross earnings for 36 months when you start earning at least £24,000 per annum.

 

The maximum amount you might ever repay if you earn more than expected is capped at £13,600. If your income does not exceed £24,000 for the 96 months post graduation, you have no further obligation of repaying any outstanding balance. 

 

The Northcoders Core and Northcoders Career Plus programmes covers the following courses:

1. Software Development 

2. Cloud Engineering 

3. Data Engineering 

 

How to Apply for Finance

1. Apply for your course.

2. Once accepted complete the StepEx FEA or Payment Plan application form.

3. Check your email to complete the Identity Verification and provide Open Banking Access.

4. If approved, complete the arrangement fee payment.

5. Read the terms of your financing and sign your financing contract with StepEx.

6.. Start your course.

Eligibility Criteria

Eligibility for StepEx financing is defined by both StepEx and the education provider.

To be eligible for finance you must:

 

‚ÄĘ Be aged over 18

‚ÄĘ Have been offered a place on your course

‚ÄĘ Not be on any sanctions or watchlists

‚ÄĘ Be likely to be able to afford repayments

‚ÄĘ Not have a history of non-repayment of your financial obligations

‚ÄĘ Be suitable for this type of product

 

In addition, your education provider has imposed the following eligibility criteria for course places that can be financed with this agreement. These may be based on your right to work, characteristics that are uncommon on the course and your creditworthiness:

 

‚ÄĘ Be a UK / EU citizen

‚ÄĘ Be a UK / EU resident with the right to work in the UK/EU for at least one year post graduation

 

Charges

In addition to the repayment of your finance agreement the following charges apply:

 

1. Application fee: £20

 

3. Arrangement fee: £250

 

4. Default charge: If you fail to make the required payments for 90 days we reserve the right to terminate your agreement in which case all outstanding repayments become due. We then reserve the right to pass the debt to a debt collector who will charge you for their costs of collecting the debt from you.

 

Conditions

The full terms and conditions of your financing agreement are set out in your credit agreement.