It is our mission to improve the financial future of our learners. Our entire curriculum has been designed to be the most direct path to getting our learners high paying jobs after graduation, and the new Outcomes Based Loan backs our commitment. The Outcomes Based Loan is a consumer loan that BloomTech learners can apply for to finance the upfront tuition amount ($21,950) of their BloomTech program, while they pay no tuition upfront. If after 365 days of receiving a Certificate of Completion from a BloomTech program, you are not earning or have received offers for at least $50,000 a year (or the equivalent of $4,166 per month for 3 consecutive months) in compliance with the Tuition Refund Guarantee, you may be eligible for a 110% refund of the Outcomes Based Loan.
If you are approved for a TRG refund, BloomTech will forgive 100% of your tuition, cause your OBL lender to refund any amounts paid by you on your loan (including interest and fees actually paid), and offer you a one-time payment of $2,195.00. This payment is taxable.
Student borrowers who would like to apply for a TRG refund must do so within 30 days of the Termination Date listed in their Tuition Refund Guarantee.