Craft3 and Ada Developers Academy have teamed up to offer an affordable loan for participants. Anyone enrolled in the program becomes eligible to apply for an affordable loan of up to $14,700 for up-front funds for the transition to Ada plus living expense during the instruction session.
This loan is very accessible. Loan repayment begins after instruction and internship terms are complete and features inclusive approval criteria - even to those with less than perfect credit scores.
Funding, which is provided by Ada, is limited and may not be sufficient to fund all loans for every person in the Cohort. To address this in an equitable way, Craft3 will make reasonable efforts to review loan applications in the order in which they are received. Eligible applications that are not processed before the available funds have been committed, will be added to a wait list. If Ada is able to raise additional funds for this loan program, pending applications will be evaluated based on their order in the wait list, and the amount of the additional funds. Questions should be directed to the Ada program team at loans@adadevelopersacademy.org.
No monthly payments required for 12 months, followed by 48 monthly payments of $355 each.