Tuition, Laptop + Living Expense Financing
Clearly Defined Interest Rates
Ease of Application + Credit Review
No teaser rates, cosigner trickery, or barriers ahead. Expect clear-cut and upfront loan terms to jump start your transformative journey.
Calculate Your Monthly Payment Now
No Income or Employment Data Used in Underwriting
Only Pay Interest In Program + 2 Months After Graduation
Only finance what you need: borrow from $2,000 to your applicable program max for tuition, computer, and cost of living financing. Galvanize's deposit is not eligible for financing. Living stipend may only be added to max tuition financing.
|IMMERSIVE PROGRAM||TUITION + LAPTOP||COST OF LIVING|
|WEB DEVELOPMENT||$19,500 + $1,100 (laptop is optional)||$6,000|
|DATA SCIENCE & DATA ENGINEERING||$14,500 + $1,100 (laptop is optional)||$3,000|
|Please Note: Students may add laptop and cost of living financing to tuition financing.
Deposit has been removed from max tuition. Deposit is not eligible for financing.
Select a repayment amount that works best for you:
For Galvanize, students may borrow from $2,000 to $26,600 depending on program
APR = Annual Percentage Rate. APR shown is a general APR and includes a 3.0% origination fee.
|Skills Fund Loan||36 Month Loan||60 Month Loan|
|Cosigners||Note: Up to 1 cosigner might be required in some instances.|
|Origination Fee||3% of loan requested (1)|
|Capitalization of Interest||None, since interest payment are mandatory 30 days after loan is disbursed|
|Payments Required While Enrolled?||Yes, monthly interest payments only|
|Separation Period (after the in-school period and before interest and principal repayment begins)||60 days after official graduation (3)
Note: interest only payments required while enrolled
|Principal and Interest Repayment Term||36 months (3 years)||60 months (5 years)|
This example shows the monthly payments of a $10,000 Skills Fund loan for the Web Development program:
|Example on a $10,000 loan||36 Month Loan||60 Month Loan|
|General Annual Percentage Rate||9.95% (4)||11.55% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$2,287 (4)||$4,001 (5)|
|Interest-Only Monthly Payment||$73 (4)||$90 (5)|
|Monthly Payment||$325 (4)||$221 (5)|
Before you begin, please read these important notes:
While in the application, please note:
We’ve worked closely with Galvanize to provide students - of all backgrounds and walks of life - access to competitive financing. As long as you meet the basic underwriting criteria - such as you are a US citizen / permanent resident, with no recent bankruptcies or history of default on a public or private loan, you'll most likely qualify for a Skills Fund loan.
Galvanize & Skills Fund are proud to offer a new take on financing; one in which all capable students have no barriers to professional opportunity and success. Students credit denied for a traditional Skills Fund loan may be eligible for the Skills Fund & Galvanize Access Program.
How It Works:
Within 24-hours of receiving a credit denial, Skills Fund will email you with details of your Access Loan eligibility. Please note: only accepted Galvanize students who are U.S. citizens or permanent residents are able eligible for an Access Loan.
Loan terms include:
The maximum amount you can borrow will depend on your immersive program. You can finance your tuition (less $1,500 deposit), laptop and your supplemental living stipend.
Web Development Financing:
Data Science Financing:
Your living stipend will be mailed to you roughly 14 days after your program start. The check will be sent via standard US mail to the mailing address provided on your loan application.
Please note: Supplemental cost of living can only be added to max tuition financing. Cost of living cannot be financed apart from tuition.
The deferment period is defined as the time you are attending the course, plus an additional two months after completion. These additional two months are considered your repayment grace period.
Interest only payments are required during the deferment period. After the deferment period ends, payments of principal and interest are required.
The interest only payments depend on how much you borrow; the less you borrow, the less you will pay.
For a 36-month $10,000 loan, the interest only monthly payment is approximately $73. For a 60-month $10,000 loan, the interest only monthly payment is approximately $90.
If you do not meet the loan underwriting criteria, a cosigner will be needed. You can (1) apply individually, and should you not be approved, you can reapply with a cosigner, or (2) initiate your loan process with a cosigner.
Please note: we advise you to apply individually to begin, and should you not be credit approved, you may be given the opportunity to amend your application with a cosigner.
During the loan application process, we will ask you for the following information:
Yes, we will check your credit, including your credit score.
You will be charged an origination fee of 3.0%. This amount will be added to the amount of tuition you borrow, and included in the total loan principal amount you finance. This fee helps cover the administrative fees associated with originating the loan and charged by our partner bank. Please see terms in "More Info on Terms" above.
Please note: this fee is already reflected in the general APR outlined above and in the loan calculator.
Interested in learning more about your interest rate vs. APR? Check out our blog post here.
Shortly after completing your loan application, you will receive provisional credit approval details via email and a confirmation window in the application. If you are credit approved, your loan will then be certified by Galvanize. If you are not credit approved, you may be given the opportunity to amend your application with a cosigner.
You will start paying interest on your loan roughly one month after your Galvanize program start date.
You will start making full monthly payments (interest plus principal) after your two-month post-graduation repayment grace period ends. This 60-day grace period helps you to keep your eye on finding the right job following program completion.
Upon loan acceptance, we will provide you with several options for making payments, including automated payments. You may create an account at www.studentloan.org at any time to manage payments and account balance.
Yes, you can pre-pay your loan at any time without penalty.
Regarding your tuition + laptop financing: You are responsible for the full amount you borrow, plus accrued interest and fees. If you are owed a refund by Galvanize the refund transaction will be made to Skills Fund in the amount of the refund due (but in no event greater than what that we paid to Galvanize on your behalf). If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments for the balance.
Regarding your cost of living financing: You are responsible for returning these funds to Skills Fund. If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments for the balance.
Skills Fund's mission is simple: we transform student lives and careers by accelerating the growth of and access to high-quality skills education. With a team of leaders in student lending, higher education and consumer protection, Skills Fund pulls upon extensive expertise to create a financing platform that is transparent, fast, and offers students financial flexibility.
Skills Fund believes bootcamps, lenders, and industry should share in ensuring student success - and that’s what we’re working daily to make happen.
Southeast Bank is a Tennessee-chartered bank, and is the lender for all Skills Fund loans.
Aspire Resources is a wholly owned subsidiary of Skills Fund's non-profit partner, Iowa Student Loan. Aspire Resources provides billing and customer service on behalf of Skills Fund, thus your payment notices and other loan communications will arrive with Aspire's logo on them (it's not junk mail!).
We are more than happy to answer any additional question you might have. Just fill the form below and we will be in touch soon!