The latest initiative from the Ministry of Labour and Social Affairs (MPSV) offering financial support for digital training brings a great opportunity for those who want to invest in their future and development in IT. Accessible education is the way to a more inclusive society, increasing competitiveness and fostering innovation. Now anyone (whether employed, student or unemployed) who resides in the Czech Republic has a unique opportunity to receive up to 50,000 CZK for IT education. How does it work and what does this mean for students of our courses?
Since our first courses in 2016, Coding Bootcamp Praha's mission has been to provide affordable education. We believe that we only grow and become better as a society when as many of its members as possible have the skills to further their development. With the increasing number of digital technologies and digitalization in all areas of life, it is essential that people acquire the skills that will enable them to work successfully and efficiently with technology and digital tools. Providing financial support for digital learning increases the chances of people from different social classes and regions to access modern technologies and learning resources. This helps to create a more inclusive society and reduces inequalities in society. We are happy to enable even more people to study and reach their full potential.
This financial support by MPSV can be used for both the Web Development Coding Bootcamp and the Data Science Coding Bootcamp and can be combined with any of our payment plans, including the Pay Later Plan. We already offer our students One or 2-3 Instalments Plans, which allow utilising various discounts as well as the Pay Later Plan, which allows students on a budget to attend the course without stressing about finances. Combined with a possible contribution of up to 50,000 CZK (payable after successful course completion), the participant can get very attractive payment terms. Here you can find all payment plan options for our coding bootcamps:
WHO IS ELIGIBLE? This support offer is available to anyone who is interested in learning and resides in the Czech Republic. This could be unemployed people registered with the Labour Office ("Úřad práce"), employees, people running a business or economically inactive people such as parents on parental leave or students. According to the MPSV, it is a simple process without unnecessary bureaucracy and the whole support can be processed online. All information on this support, including how to apply, is available on the I'm on a Course page from the MPSV.
The participant is required to pay a mandatory minimum co-payment of 18% of the final course price (82% will be paid by the Labour Office ("Úřad práce")). However, the maximum amount that the Labour Office can grant to a participant over three years is up to a total of 50,000 CZK. The Labour Office transfers this grant after the participant has successfully completed this course (see conditions below). The Labour Office has a deadline for approval of the client's application, i.e. 30 calendar days prior to the course. Therefore, if you are interested in a near-term course and would like to take advantage of this support, please apply as soon as possible. Read below to learn how it works step by step. 👇
HOW DOES IT WORK?
The first step is to select a course and apply on our website. Once you're accepted to the course, we then invite you to choose a payment option. After selecting your payment option, you transfer the funds as per the specific payment plan you have selected. Afterwards, you apply for the support via the Labour Office website: I'm on a course website from the MPSV. Keep in mind that Labour Office ("Úřad práce") must approve your application before the course. The deadline to apply via their system is 30 calendar days before the first day of the course.
The funds (up to 50,000 CZK) are only released by the Labour Office after the course ends and if you have acquired an attendance certificate and satisfied any other conditions defined by the Labour Office. Please read carefully all the conditions as prescribed by the Labour Office on their official website, including their FAQ. It's your responsibility to ensure that you fully satisfy these conditions and that you understand how the process works.
Summary of how it works step by step:
Step 1: Sign up for the coding bootcamp of your choice
Step 2: Wait until your participation is confirmed
Step 3: Select a payment plan - One Instalment Plan, Two-Three Instalments Plan, Pay Later Plan - and transfer the funds as per the specific payment plan you have selected.
Step 4: Apply for the financial support on the I'm on a course website from the MPSV. It is important to mention here that the MLSA system is only used to apply for grants, or it is not possible to apply for our courses through this system without steps 1-3. The MPSV system is only for already admitted students who have already paid at least the first instalment as per their chosen plan. Remember that the Labour Office closes the application process 30 calendar days before the course starts. Hence, make sure that you apply on their website ahead of time. Take into account also unexpected technical errors or similar. Also, we are required approve you within their system as well, hence do not apply last minute as we might not be able to process it (especially if you apply in the evening on the last day of the deadline 🙂). To find our bootcamps within the MPSV system, you can either search by course name, by organisation, or enter the course code:
- Web Development Coding Bootcamp, course code: 142 023 013 759
- Data Science Coding Bootcamp, course code: 142 023 013 820
(Note: It is very likely that your chosen payment plan will not match the amounts listed in the MPSV system. Unfortunately, the MPSV system only allows educational organizations to list one amount, even though there are several different ways to pay for a given course. However, the correct amounts are of course those listed on our website, i.e. those you were familiar with at the time of your application and subsequently when you chose your payment plan. If necessary, we will be in touch with you subsequently regarding the formalities of the payment request ("zálohová faktura") expected by the MPSV.)
Step 5: Depending on the payment plan you have chosen, here are two scenarios:
- One Instalment Plan / Two-Three Instalments Plan: once the course is finished and you have acquired your attendance certificate as well as satisfied all conditions defined by the Labour Office, then the Labour Office releases your pre-approved funds. Once we receive the funds from the Labour Office, we will refund these funds to your bank account as soon as possible.
- Pay Later Plan: once the course is finished and you have acquired your attendance certificate as well as satisfied all conditions defined by the Labour Office, then the Labour Office releases your pre-approved funds. We deduct the received amount (up to 50,000 CZK) from your Pay Later Plan. Specifically, we deduct it from payments that are the furthest in the future. Afterwards, you only pay any remaining instalments.
Disclaimer: Please make sure that you fully familiarise yourself with all the conditions of the support as prescribed by the Labour Office on their official website, including their Frequently Asked Questions (FAQ) section. Kindly be advised that we shall not assume any liability for any misinterpretations or misconceptions that may arise from the use of this support. Moreover, any advice provided herein is intended solely for general purposes and should not be construed as personalized or specific to individual circumstances. Furthermore, it is essential to acknowledge that should the applicant fail to obtain the desired support or fail to meet the specified conditions, no monetary claims or compensation can be directed towards our organization. We solely act as an intermediary in providing general advice and cannot be held responsible for the outcome of any application or subsequent decisions made by the Labour Office. To ensure accuracy and clarity, we strongly encourage you to directly engage with the Labour Office, posing any inquiries or seeking further clarification as required.