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.
Study Now, Pay Later for the Data Analytics Bootcamp with Bukas
Study Now, Pay Later for the Data Science Fellowship with Bukas
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. With Bukas Tuition Installment Plans , you can stretch your program fees to 12 or 18 months!
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 .
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.”
As a Borrower, aside from your personal information, you will need to prepare:
As a co-borrower, aside from your personal and employment information, you may need to prepare:
Either the borrower and co-borrower, or both, will need to provide a source of income
To apply for a Bukas installment plan:
Yes! You can pay more than your monthly dues. Any excess payment will be deducted from the succeeding monthly dues.
You also have the option to pre-terminate your Tuition Installment Plan. Pre-termination is the process of fully paying your loan or your plan even before the maturity of your loan contract. Take note that the maturity of your contract is the same as the last repayment date on your payment calendar. By availing this, you may be eligible for rebates!
To request for a re-calculation of the interest of your tuition installment plan, please send an email to payments@bukas.ph
Excluding loan interest, the total loan amount is Php 35,840. The monthly payment depends on your plan with Bukas.
Rates may vary per application and may depend on your chosen tenor.
Interest rates start at 1.20% per month and 0% one-time service fee. Submit an application at app.bukas.ph to know the specific rate and fees applicable to you! Please note that the image below is a sample payment breakdown only. Note that the final amounts may vary depending on the final evaluation.
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.
Excluding loan interest, the total loan amount is Php 65,000. The monthly payment depends on your plan with Bukas.
Rates may vary per application and may depend on your chosen tenor.
Interest rates start at 1.50% per month and 0% one-time service fee. Submit an application at app.bukas.ph to know the specific rate and fees applicable to you! Please note that the image below is a sample payment breakdown only. Note that the final amounts may vary depending on the final evaluation.
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!
As a Borrower, aside from your personal information, you will need to prepare:
As a co-borrower, aside from your personal and employment information, you may need to prepare:
Either the borrower and co-borrower, or both, will need to provide a source of income
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.
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.
There is a 5% late fee for the unpaid past due amount.
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.