To equip and empower every individual and organisation to make a real impact in the world of tech.
Purple Beard is an award-winning EdTech company, that has recently received an Ofsted ‘good’ rating as a training provider. They have trained over nine hundred individuals since their inception in January 2021, seventy percent of whom have either moved into a new role or increased their earning potential.
Their journey began with a vision, sparked by the realisation that traditional training methods were falling short in preparing individuals for the challenges of the modern world. It was time for a fresh approach, one that combined cutting-edge knowledge with a dynamic and engaging learning experience.
The name Purple Beard symbolises the unique blend of wisdom and creativity that defines their training programmes. Just as a purple beard would be rare and remarkable, so too is their commitment to delivering extraordinary education.
Key Features of Payment Plan
Interest-Free Payment Plan: With this agreement you can make timely monthly payments to cover your tuition fees without incurring any interest charges. The total amount you repay is the same as the upfront tuition fee amount (excluding the set-up charge). While administrative fees may be imposed for missed payments, no interest will be added to the outstanding amount.
Please see below the qualifying courses and terms of the student offer for each of them.
Key Features of Future Earnings Agreements (FEAs)
Future Earnings Agreement: With this agreement, you commit to repaying a fixed percentage of your post-course earnings, but only when your gross annual income is at least £22,000. Your total repayment amount is directly linked to your future income, requiring you to pay less than the average earner if your earnings are
lower and more if they are higher. Rest assured, there is a cap on the maximum amount you could ever repay, set at twice the tuition fees.
Please see below the qualifying courses and terms of the student offer for each of them.
Details of Your Payment Plan
Repayments are set at an equal monthly amount over your repayment, other than your first repayment which may be higher to account for a course reservation fee or arrangement fee. Evenly spread over your period of study, starting with a payment in the last month of your course, with a total value equal to the tuition fee charge plus the setup costs and platform fee, with no interest added.
Business Analysis Bootcamp: £200 upfront and 15 monthly instalments of £276.00.
Data Analysis with Python : £200 upfront and 15 monthly instalments of £331.20.
Data Analysis with Power BI : £200 upfront and 15 monthly instalments of £331.20.
Front End Development: £200 upfront and 18 monthly instalments of £345.00.
Career Programme: £200 upfront and 12 monthly instalments of £257.50.
Power BI (Intermediate): £200 upfront and 6 monthly instalments of £154.50.
Power BI (Advanced): £200 upfront and 6 monthly instalments of £188.83.
Business Analysis (Short Course): £200 upfront and 6 monthly instalments of £154.50.
SQL (Intermediate): £200 upfront and 6 monthly instalments of £137.33.
SQL (Advanced): £200 upfront and 6 monthly instalments of £188.83.
Details of Your Future Earnings Agreements
Repayments are set to start once you graduate and start earning at least £22,000. You will then repay a small percentage of your income for a fixed period of time. Depending on your post-course performance you might repay £0 if you do not meet the income threshold for the first 72 months from the course end date. Conversely, you might repay more if you excel in your career after completing the course. The maximum amount you might ever repay is limited to twice the tuition fees.
Business Analysis Bootcamp:
£200 upfront and 15% income share for the first 15 months post graduation once your gross annual earnings are at least £22,000. The maximum repayment term is 72 months and the maximum amount payable is capped at £8,000.
Data Analysis with Python and Data Analysis with Power BI:
£200 upfront and 15% income share for the first 15 months post graduation once your gross annual earnings are at least £22,000. The maximum repayment term is 72 months and the maximum amount payable is capped at £9,600.
Front End Development:
£200 upfront and 15% income share for the first 18 months post graduation once your gross annual earnings are at least £22,000. The maximum repayment term is 72 months and the maximum amount payable is capped at £12,000.
Career Programme:
£200 upfront and 15% income share for the first 12 months post graduation once your gross annual earnings are at least £22,000. The maximum repayment term is 72 months and the maximum amount payable is capped at £6,000.
How to Apply for Finance
1. Apply for your course.
2. Once accepted complete the StepEx FEA or Payment Plan application form.
3. Check your email to complete the Identity Verification and provide Open Banking Access.
4. If approved, complete the arrangement fee payment.
5. Read the terms of your financing and sign your financing contract with StepEx.
6.. Start your course.
Eligibility Criteria
Eligibility for StepEx financing is defined by both StepEx and the education provider.
To be eligible for finance you must:
• Be aged over 18
• Have been offered a place on your course
• Not be on any sanctions or watchlists
• Be likely to be able to afford repayments
• Not have a history of non-repayment of your financial obligations
• Be suitable for this type of product
In addition, your education provider has imposed the following eligibility criteria for course places that can be financed with this agreement. These may be based on your right to work, characteristics that are uncommon on the course and your creditworthiness:
• Be a UK / EU citizen
• Be a UK / EU resident with the right to work in the UK/EU for at least one year post graduation
Charges
In addition to the repayment of your finance agreement the following charges apply:
1. Application fee: £20
2. Arrangement fee: £200
3. Default charge: If you fail to make the required payments for 90 days we reserve the right to terminate your agreement in which case all outstanding repayments become due. We then reserve the right to pass the debt to a debt collector who will charge you for their costs of collecting the debt from you.
Conditions
The full terms and conditions of your financing agreement are set out in your credit agreement.
