Reading time: 9 minutes | Read if: You are an aspiring bootcamp learner who's curious about loan application options to finance your enrolment.


We’ve compiled everything you need to know about the Study Now, Pay Later feature for the Data Analytics Bootcamp and the Data Science Fellowship with Bukas. In this blog post we take the key points below and go into more detail for each one.

Key points in this Admissions Team blog post:

Study Now, Pay Later for the Data Analytics Bootcamp with Bukas
  • Who is Bukas? Why have we partnered with them?
  • What does the Study Now, Pay Later feature with Bukas include for the Data Analytics Bootcamp?
  • What is the breakdown of payment of Bukas for those availing the Study Now, Pay Later feature of the Data Analytics Bootcamp?
  • What are the steps to apply for this Study Now, Pay Later feature for the Data Analytics Bootcamp with Bukas?
  • Important dates to remember for the Data Analytics Bootcamp
Study Now, Pay Later for the Data Science Fellowship with Bukas
  • What does the Study Now, Pay Later feature with Bukas include for the Data Science Fellowship?
  • What is the breakdown of payment of Bukas for those availing the Study Now, Pay Later feature of the Data Science Fellowship?
  • What are the steps to apply for this Study Now, Pay Later feature for the Data Science Fellowship with Bukas?
  • Important dates to remember for the Data Science Fellowship
General Bukas FAQs about the Study Now, Pay Later feature


If this is your first time hearing about Eskwelabs’ “Study Now, Pay Later” feature, then we recommend reading this quick intro. But if you’re ready to dive into the Study Now, Pay Later feature with Bukas, proceed to the next paragraphs below.

What is the Study Now Pay, Later feature? For Data Analytics Bootcamp students and Data Science Fellowship students who are interested in financing the cost of their tuition with the added support of a loan provider (aka a financing partner), then we’re happy to announce that Bukas is a loan provider for both the Data Analytics Bootcamp and the Data Science Fellowship.

In this blog post specifically, we will be focusing on the Study Now, Pay Later feature with Bukas. If you want to read about the Study Now, Pay Later feature with InvestEd, then go to this blog post .

Who is Bukas? Why have we partnered with them?

Bukas is “is committed to building a better tomorrow for the Filipino family by providing affordable tuition payment plans. Join the thousands of student borrowers using Bukas and focus more on achieving your dreams.”

Study Now, Pay Later for the Data Analytics Bootcamp with Bukas

What does the Study Now, Pay Later feature with Bukas include for the Data Analytics Bootcamp?

Excluding loan interest, the total loan amount is Php 31,360. The monthly payment depends on your plan with Bukas.

What is the breakdown of payment of Bukas for those availing the Study Now, Pay Later feature of the Data Analytics Bootcamp?

Month
Amount
Months 1 to 3 PHP 157.00/month only
Months 4 to 12 PHP 3,641/month
Total Amount Paid
(principal + interest + 12% VAT)
PHP 31,360


What are the steps to apply for this Study Now, Pay Later feature for the Data Analytics Bootcamp with Bukas?

  1. Get accepted to the Data Analytics Bootcamp.
  2. Indicate Bukas as your tuition option in the Acceptance Form.
  3. Create an account in the Bukas app.
  4. Submit a complete loan application form with no revisions needed.
  5. Sign the Bukas contract.

Important dates to remember for the Data Analytics Bootcamp

  • Admissions are ongoing for Data Analytics Bootcamp Cohort 7. Classes for Cohort 7 start on July 18, 2022.
  • Deadline for Bukas application: July 3, 2022
  • First due date: 1 month after the disbursement to Eskwelabs

That is it for the Data Analytics Bootcamp! In the next section of this blog post we’ll talk about the Study Now, Pay Later feature with Bukas specifically for the Data Science Fellowship.

Study Now, Pay Later for the Data Science Fellowship with Bukas

What does the Study Now, Pay Later feature with Bukas include for the Data Science Fellowship?

Excluding loan interest, the total loan amount is Php 56,000. The monthly payment depends on your plan with Bukas.

What is the breakdown of payment of Bukas for those availing the Study Now, Pay Later feature of the Data Science Fellowship?

Month
Amount
Months 1 to 3 PHP 554.00/month only
Months 4 to 12 PHP 6,777/month
Total Amount Paid
(principal + interest + 12% VAT)
PHP 56,000


What are the steps to apply for this Study Now, Pay Later feature for the Data Science Fellowship with Bukas?

  1. Get accepted to the Data Science Fellowship.
  2. Indicate Bukas as your tuition option in the Acceptance Form.
  3. Create an account in the Bukas app.
  4. Submit a complete loan application form with no revisions needed.
  5. Pay the upfront down payment.
    • Method 1 - Bank (Bank transfer, deposit, Gcash) with 12% VAT. Upfront down payment: Php 11,200.
    • Method 2 - Stripe (Credit/debit card payment) with 3.5% transaction fee. Upfront down payment: Php 10,000. The total payment including the transaction fee: Php 10,350.
  6. Sign the Bukas contract.

Important dates to remember for the Data Science Fellowship

  • Admissions are ongoing for the Data Science Fellowship Cohort 10. Classes for Cohort 10 start on September 12, 2022.
  • Deadline for Bukas application: August 29, 2022
  • First due date: 1 month after the disbursement to Eskwelabs

Now we’re done taking a more detailed look at the Study Now, Pay Later feature for both programs. Let’s proceed to general FAQs. The FAQs below are applicable to both the Data Analytics Bootcamp and Data Science Fellowship!

General Bukas FAQs about the Study Now, Pay Later feature

What are the requirements?

  1. Proof of acceptance to the program (Eskwelabs contract)
  2. Proof of income of guarantor
  3. Valid government-issued ID
  4. Active mobile number and email address
  5. Emergency contact / guardian (can be the same as your guarantor)
  6. Proof of down payment to Eskwelabs (only applicable to the Data Science Fellowship)

What if I want to pay my fees in less than 12 months?

You may opt to pre-terminate your contract or pay the full amount earlier and you will even receive rebates. Just email Bukas before making your last deposit if you plan to pre-terminate your account so they can send you a recalculated amount that reflects your rebates.

Can I pay the first 3 months’ fees all at once?

Yes, you may make advance payments if you wish. Any amount paid in excess to a certain month’s due date will be credited as an advance payment for the following months.

What if I pay my monthly fees late?

There is a 5% late fee for the unpaid past due amount.

How do I keep track of my payments and ensure I don’t miss my due dates?

Once your plan is activated, there is an online tracker for your completed payments and monthly dues and deadlines on the Bukas website.

Alright! That’s the end of this blog post about our Study Now, Pay Later feature with Bukas.


Please do not hesitate to reach out to us with any questions! There are actually several ways to reach out. Feel free to choose the one that is most convenient for you. We are here to help you in your admissions journey.


WAYS TO REACH US


RECOMMENDED READING

  • If this is your first time reading about the Data Science Fellowship, we recommend checking out the program in more detail here. Ready to apply? Get started by signing up here.

  • If this is your first time reading about the Data Analytics Bootcamp, we recommend checking out the program in more detail here. Ready to apply? Get started by signing up here.