Are You Wasting Your Money at Coding Boot Camp?
As the market for alternative education programs explodes, a new private lender says it offers much-needed quality controls.
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Coding boot camps and certificate programs are proliferating, and private lenders are cropping up to help students attend them. One such lender, Skills Fund, says it won't finance tuition for these classes unless it knows graduates will end up in high-paying tech jobs, making it a de facto rating service for the programs.
"We have skin in the game," said Rick O'Donnell, founder and chief executive officer of the Austin-based lender, which started taking loan applications in October. "We only work with the best programs because I want students to pay back loans. If I'm wrong about a program, then we lose money."