Raising finance for your course at Ironhack

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Finance4Learning & Ironhack

Ironhack partners with Finance4Learning to help you realise your ambitions. The course could be paid in a maximumof 72 months (six years),thus making it possible for you to make that career-changing / enhancing decision right now.

Affordability

Finance4Learning | Ironhack Students

Finance Required

Ironhack partners with Finance4Learning to help you realise your ambitions by making learning affordable. The tuition fee as well as other study-related expenses (e.g. computer, second monitor, literature, ...) could be paid for in monthly installments, thus making it possible for you to make that career-changing / enhancing decision right now.

Please indicate below how much finance you would like to raise

Tuition Fee

You can finance max. 100% of your tuition fee

Learning Materials

E.g. computer, computer accessories, software, instruments

Other Study-Related Expenses

Subsistence, travel, literature, …

Calculate Finance Required

Total Finance Required

Tuition Fee, Learning Materials, Other Related Expenses

 

The amounts, percentages and terms indicated below are for illustration purposes only! 

 
 
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Loan Amount No. of Months Monthly Repayment Average Monthly Cost of Borrowing Total Cost of Borrowing Annual Percentage Rate
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If you would like to pay for your course at Ironhack in affordable monthly installments, then kindly complete the form below.

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Return On Education

FAQ

How much money will I make upon graduation?

Obviously, salaries will vary based on e.g. the sector you work in, your tasks and responsibilities, the company you work for as well as the location. But for example in the Netherlands, average gross monthly salaries are as follows:

  • Cybersecurity | €4,750
  • Data Science | €4,375
  • UX/UI Design | €4,050
  • Web Development | €4,250

Currently there are thousands of tech job openings and thus an investment in Up- or ReSkilling would seem to make a lot of sense.

What is the loan application process and how long will it take before I have my student loan?

The application process involves 6 steps:

  1. Complete the form on this page to start the application process.
  2. Upon receipt of the form, we'll schedule a brief conversation to make an initial assessment of the options available to you.
  3. Following a positive assessment, we'll start the formal application. Information & documentation will be exchanged.
  4. Lenders will be approached with the information obtained and offers - if any - will be solicited from them.
  5. The lending option(s) will be shared with you and if there is one which meets your approval, then we go to the signing phase. 
  6. Upon signing the documentation, funds will be distributed.

If there are no hick-ups, the whole process would take 1 to 2 weeks.

What is the minimum income required to be eligible for a loan?

This is a tricky question. Many factors come into play here. For instance:

  • Are you married / in a registered partnership?
  • Do you have children or other dependents?
  • Do you own your house or do you rent?
  • What are your monthly fixed charges?
  • Are there other loans outstanding?
  • Etc.

Having said all that, the following amounts might provide a rough(!) guidance with regard to minimum income:

When single, the minimum net income is approx. €1,450. For couples, the joint net income should be a minimum of nearly €2,000. If e.g.bonuses or a 13th month are structurally paid by your employer, then that will be included in the calculation for your net income as well. 

How much money could I borrow?

The maximum loan amount for this type of credit is typically €75,000.

What we see quite often is that people borrow up to 1.5 times the actual course fee. Solely for illustration purposes(!), this could be made up as follows:

  • Tuition fee | €10,000
  • Learning materials (computer etc.) | €2,500
  • Other study-related expenses | €2,500
  • Total loan amount | €15,000
What kind of labour contract do lenders prefer?

Understandably, financiers have a preference for a permanent contract. If temporary, then the loan term might come into play. You should not be in your probation period. Furthermore, your credit rating is influenced by how long you have been working for your current employer. If you do have a temporary contract, then maybe your employer is willing to confirm in writing it will be renewed?

I am a freelancer/entrepreneur. Can I still get student finance?

Freelancers  / independent contractors / entrepreneurs are eligible for finance as well. Similar documentation will be required as for an employee. Typically, recent tax returns will have to be supplied as well.

We understand the chances are better if you're 28 years of age or older and need to be able to demonstrate you have been working for yourself for a minimum of 2 years.

What is the interest rate and in how many months could I pay back the loan?

The applicable interest rate and the loan term will depend on a number of factors such as:

  • The loan amount has an effect on the interest rate. The more you borrow, the lower the interest and vice versa.
  • Different lenders offer different loan terms depending on their own requirements and risk assessments. 
  • Remaining duration of your visa. If e.g. your visa expires in 36 months, then you cannot borrow for longer than 36 months. 

Illustration
In the sample calculation on this page, we work with a 6 year (72 months) loan term, an average annual interest rate of 4.9% and an APR of 10%.That means if you took out a loan of say €1,000, the average monthly cost of that loan is approx. €4.10 per month.

How quickly will I receive an answer when I apply for a loan?
All going well, the process could be completed in 1 or maybe 2 weeks.
Are there different lending criteria for EU passport holders and other nationalities?

To be eligible for a loan, you need to live/reside in the Netherlands. Generally speaking, the longer you have been living in the country, the easier it is to get approval.

It's important that you have build up a solid financial track record. Money coming into your bank account, not going into arrears with credit cards etc.

If you are married or in a registered partnership, then both your track records come into play.

Which financial institutions does Finance4Learning work with?
Finance4Learning works with a number of banks and consumer lenders in order to maximise the chances of you getting a loan. During the 6 step application process it'll quickly transpire which financial institution might be the best match for you.
Finance4Learning | Geld lenen kost geld

Above a compulsory warning in the Netherlands. Literally translated : "Attention! It costs money to borrow money"

Making Learning Affordable