What is the Eskwelabs Study Now, Pay Later Feature with InvestEd?

We’ve compiled everything you need to know about the Study Now, Pay Later feature for the Data Analytics Bootcamp with InvestEd. 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 with InvestEd‍

• Who is InvestEd? Why have we partnered with them?
• What does the Study Now, Pay Later feature with InvestEd include for the Data Analytics Bootcamp?
• What are the loan terms of InvestEd 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 with InvestEd?
• Important dates to remember

Study Now, Pay Later with InvestEd FAQs‍

• What are the requirements?
• What if I want to pay my fees earlier than the loan term?
• What if I pay my monthly fees late?
• How do I keep track of my payments and ensure I don’t miss my due dates?
  

If this is your first time hearing about our Study Now, Pay Later feature for the Data Analytics Bootcamp, then no worries, here’s a quick explainer. The name itself is true to what it means. For Data Analytics Bootcamp 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 the loan provider for the Data Analytics Bootcamp is InvestEd and Bukas.‍

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

Alright, let’s start!

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Study Now, Pay Later with InvestEd

Who is InvestEd? Why have we partnered with them?

InvestEd is “the leading provider of education loans to college students in the Philippines. The Success Loan Program helps students get closer to their dreams through a Study Now, Pay Later loan model and success coaching.”

What does the Study Now, Pay Later feature with InvestEd 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 InvestEd.

What are the loan terms of InvestEd 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 with InvestEd?

1. Get accepted to the Data Analytics Bootcamp.
   
2. Indicate InvestEd as your tuition option in the Acceptance Form.
   
3. Register through InvestEd’s website.
   
4. Get a loan assessment via a 15-minute call with InvestEd's student loan officer (SLO).
   
5. Submit the Set A requirements and Set B requirements (if possible).
   
6. Sign the InvestEd loan agreement and submit the Set B requirements if you haven't yet.

Important dates to remember

• Admissions are ongoing for Data Analytics Bootcamp Cohort 9. Classes for Cohort 9 start on January 30, 2023.
  
• Deadline for InvestEd application: January 20, 2023
  
• First due date: Depends on the grace period selected

Study Now, Pay Later with InvestEd FAQs

What are the requirements?

Set A Requirements (must be ready for submission along with your application)

• Proof of acceptance to the program (Eskwelabs contract)
  
• Valid government-issued ID and selfie with the ID
  
• Guarantor who will co-sign the contract
  
• Guarantor's government-issued ID and selfie with the ID
  
• Proof of income (if applicable)
  
• Active mobile number and email address
  

Set B Requirements (can be submitted along with your application or after signing the contract)

• Government clearance (barangay clearance, NBI clearance)
  
• Emergency contact who is not your guarantor
  
• Emergency contact's government-issued ID and selfie with the ID
  
• Banking details
  
• Proof of billing
  
• Picture of house
  

What if I want to pay my fees earlier than the loan term?

Students can pay anytime and there are no pre-term fees.

What if I pay my monthly fees late?

The first late payment is waived. However, the succeeding late payments will cost a PHP 1000 penalty fee per due date.

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

A payment schedule will be provided and an assigned coach will help monitor your loan.

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

• Send us an email at admissions@eskwelabs.com.
• Message us through the Eskwelabs Facebook Page.
• Sign up for a 1-on-1 consultation with our Admissions team, to discuss any concerns about these features. Book a 15-minute consultation here.
  

RECOMMENDED READING

• If this is your first time reading about the Data Analytics Bootcamp, we recommend checking out the program here.