ONE CLICK TO START YOUR TRANSFORMATIVE EDUCATION

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Tuition + Living Expense Financing

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Clearly Defined Interest Rates

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Easy Application + Credit Decision

No Barriers Ahead

Upfront loan terms & rates. Ten-minute application. Credit decision in minutes.

Credit denied? You may be eligible for an Access Loan.

FLEXIBLE FINANCING OPTIONS

Only Finance What You Need:

  • Borrow from $2,000 up to your program & metro max
  • Finance your tuition and cost of living, as needed
  • Make interest-only payments while in program + two months following graduation
  • Metro #1: San Francisco, New York City, Seattle
  • Metro #2: Austin, Boulder, Golden Triangle, Platte, Phoenix
WEB DEVELOPMENT PROGRAM LOAN THRESHOLD
METRO TUITION COST OF LIVING
METRO #1 $21,000 $12,000
METRO #2 $21,000 $9,000
DATA SCIENCE PROGRAM LOAN THRESHOLD
METRO TUITION COST OF LIVING
METRO #1 $16,000 $6,000
METRO #2 $16,000 $4,500

Here's what you need to know

  • To apply for cost of living, borrow at least $2,000 in tuition.
  • Scholarships may be applied to financing at any time - just let us know!
  • You'll pay your deposit directly to Galvanize.
  • Your cohort start date must be within 90 days of the day you apply for a loan.

REPAYMENT CALCULATOR

Calculate your monthly repayment amount:

Please enter a number between 2,000 and 33,000 without punctuation

For Galvanize, students may borrow from $2,000 to $33,000 depending on program

36-Month Term
at 8.49% Interest Rate
9.95% General APR*
$ 325.10 /mo
or
60-Month Term
at 10.49% Interest Rate
11.55% General APR*
$ 221.30 /mo

*General APR - General Annual Percentage Rate. The APR shown is a general calculation based upon an example loan amount, 3.0% origination fee, and varying program length. An actual APR calculation is based upon an individual borrower's specific details, so it may deviate slightly from the general APR example provided above.

MORE INFO ON TERMS

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)
Interest Rate (2) Fixed
8.49%
Fixed
10.49%
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)
  • (1) The 3% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $10,000 will result in a $300 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $10,300.
  • (2) Interest rates are fixed and never vary.
  • (3) Graduation dates are determined by the school, and full repayment begins 2 months after that date.
  • (4) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 3% origination fee, paying interest on the loan for 6 months while enrolled in the program and 2 months of grace, then the 36 month principal and interest period.
  • (5) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 3% origination fee, paying interest on the loan for 6 months while enrolled in the program and 2 months of grace, then the 60 month principal and interest period.

This example shows the monthly payments of a $10,000 Skills Fund loan for the Data Science program:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
Annual Percentage Rate 10.12% (4) 10.11% (5)
Finance Charge (the dollar amount the credit will cost you) $2,068 (4) $3,730 (5)
Interest-Only Monthly Payment $73 $77
Monthly Payment $325 (4) $214 (5)
  • (1) The 3.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $10,000 will result in a $300 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $10,300.
  • (2) Interest rates are fixed and never vary.
  • (3) Graduation dates are determined by the school, and full repayment begins 2 months after that date.
  • (4) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 3.0% origination fee, deferring principal and interest for 3 months while enrolled in the program and 2 months of grace, then the 36 month principal and interest period.
  • (5) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 3.0% origination fee, deferring principal and interest for 3 months while enrolled in the program and 2 months of grace, then the 60 month principal and interest period.

TAKE 10 MINUTES & APPLY NOW:

Before you begin, please read these important notes:

  • Customer identification policy:
  • For the purpose of the following notice, the words "you" and "your" mean the Borrower and the Cosigner. All applicants: Important Federal Law Notice - Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
  • Consent to share data:
  • By clicking the box below and beginning the application, I consent under Federal and state privacy laws to Galvanize providing to Skills Fund information related to my application, enrollment, and completion, including but not limited to information contained in my original application and supplements as well as information regarding my completion, graduation, and post-graduation outcomes information.

SELECT YOUR PROGRAM

If you are a cosigner begin the addendum now by clicking here.

While in the application, please note:

  • DO NOT use the browser Back button. Using the browser Back button may cause invalid information and delay the processing of your loan.
  • Your application will not be complete until it has been signed and submitted along with any required documentation.
  • You will need the address and phone number of 3 references to complete your application, including one relative not living with you. Others may be friends, employers, etc.

FREQUENTLY ASKED QUESTIONS

I WANT TO APPLY FOR A LOAN >

DO I QUALIFY FOR A SKILLS FUND LOAN?

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 bankruptcies or history of default on a public or private loan, you'll most likely qualify for a Skills Fund loan.

TELL ME ABOUT THE SKILLS FUND & GALVANIZE ACCESS PROGRAM

Galvanize & Skills Fund are proud to offer a new take on financing; one in which 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:

  • Same interest rates, fees, and loan duration as a traditional Skills Fund loan, for which you already applied
  • Cost of living financing is not available for Access Loans
  • Full Galvanize tuition financing options
  • Ease of Access: You do not need to reapply to qualify for an Access Loan. Simply respond to the Skills Fund email sent within 24 hours of your credit denial or email CustomerTrust@Skills.Fund

TELL ME MORE ABOUT THE GALVANIZE HOUSING INITIATIVE

If you use your Cost of Living financing towards Galvanize student housing, Skills Fund will disburse your loan three weeks early to coincide with housing deadlines. A 60-day advance application is recommended.

For more information, please visit Galvanize's website here.

HOW MUCH CAN I BORROW AND FOR WHAT SPECIFIC USES?

The maximum amount you can borrow will depend on your immersive program and metro area.

  • Metro #1: San Francisco, New York City, Seattle
  • Metro #2: Austin, Boulder, Golden Triangle, Platte, Phoenix

Web Development Program:

  • Total tuition: $21,000
  • Cost of living financing: $12,000 (Metro #1) or $9,000 (Metro #2)

Loan Threshold: $2,000 - $33,000

Data Science Program:

  • Total tuition: $16,000
  • Total cost of living: $6,000 (Metro #1) or $4,500 (Metro #2)

Loan Threshold: $2,000 - $22,000

I NEED TUITION & COST OF LIVING. HOW DO I SELECT THE AMOUNT I WANT FOR EACH?

Within the loan application, you will find two fields for financing: one for tuition and one for cost of living. Within each field, you are able to input the precise amount you would like to borrow. Students are required to take at least $2,000 in tuition financing in order to receive any cost of living financing.

Should you want to apply for a scholarship through Galvanize, it is recommended to apply for max tuition financing, and once your scholarship is awarded, please email CustomerTrust@Skills.Fund with your scholarship amount. Skills Fund will then downward adjust your requested tuition financing. This will prevent you from having to apply for additional funds, should you not be awarded your scholarship, as loans may not be upward adjusted.

I AM APPLYING FOR A SCHOLARSHIP. SHOULD I WAIT TO APPLY FOR FINANCING?

You may apply for financing in parallel to applying for your scholarship. If you are awarded your scholarship prior to the disbursement of your tuition financing to Galvanize, please email CustomerTrust@Skills.Fund with the amount of your scholarship, and your tuition will be downward adjusted.

Should you receive your scholarship following the second Wednesday after program start, you can apply your funds to your loan balance at any time without pre-payment penalty.

Please note: Should you want to apply for a scholarship, it is recommended to apply for max tuition financing, and once your scholarship is awarded, Skills Fund can downward adjust your requested tuition financing. This will prevent you having to apply for additional funds, should you not be awarded your scholarship, as loans may not be upward adjusted. Simply email CustomerTrust@Skills.Fund with your approved scholarship amount.

WHAT IS THE DEFERMENT PERIOD?

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.

HOW MUCH ARE INTEREST PAYMENTS DURING THE DEFERMENT PERIOD?

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.

DO I NEED A COSIGNER?

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. 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.

Please note: Within the Skills Fund and Galvanize Access Program, regardless as to if you are applying on your own or with a cosigner, credit denied applicants may be given the opportunity to proceed with an Access Loan. Please see the Access Loan FAQ above.

WHAT INFORMATION DO I NEED TO PROVIDE SKILLS FUND?

During the loan application process, we will ask you for the following information:

  • Full name
  • Address
  • Email and other contact information
  • Social Security Number
  • Date of Birth
  • Loan amount requested
  • Three personal references
  • Cosigner information (if applicable)

WHEN CAN I APPLY FOR A LOAN?

Apply for the loan after your acceptance into a program. Your program cohort must begin within 90 days of the date that you apply for a loan.

WILL YOU CHECK MY CREDIT?

Yes, we will check your credit, including your credit score.

WILL I GET CHARGED ANY FEES FOR TAKING OUT THIS LOAN?

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.

I'VE APPLIED FOR A LOAN >

HOW DO I KNOW IF I’VE BEEN APPROVED FOR A LOAN?

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.

WHEN WILL I RECEIVE MY LIVING STIPEND?

Your lump sum living stipend will be sent to you on the second Wednesday after your program start. Beginning June 1st, all students applying for a Skills Fund loan can elect to have their cost of living disbursed via ACH wire transfer or mailed directly to the address provided in their loan application.

Please allow 1 - 5 business days for your ACH wire transfer to be reflected in your bank account. For all students who elect to have funds mailed to their address, please allow 5 - 10 business days for your check to arrive via U.S. Standard Mail.

Please note: Cost of living may not be financed apart from tuition financing.

WHAT HAPPENS TO MY LOAN IF I DROP OUT FROM MY PROGRAM?

Regarding your tuition 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.

I'M READY TO REPAY MY LOAN >

HOW AND WHEN WILL I REPAY MY LOAN?

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.

CAN I PAY MY LOAN FASTER THAN THE INITIAL TERM?

Yes, you can pre-pay your loan at any time without penalty.

ABOUT SKILLS FUND >

WHO IS SKILLS FUND?

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.

WHO IS SOUTHEAST BANK AND HOW IS IT RELATED TO SKILLS FUND?

Southeast Bank is a Tennessee-chartered bank, and is the lender for all Skills Fund loans.

WHO IS ASPIRE RESOURCES INC. AND HOW IS IT RELATED TO SKILLS FUND?

Aspire Resources Inc. is a wholly owned, for-profit subsidiary of Skills Fund's non-profit partner, Iowa Student Loan. Aspire Resources Inc. provides post-disbursement customer service on behalf of Skills Fund, and Aspire's logo will be seen within communications specific to your Skills Fund loan.

HOW DO I ASK MORE QUESTIONS NOT COVERED IN THIS FAQS SECTION?

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!

CONTACT US