YOUR LAST STEP ON THE PATH TO CHANGING YOUR CAREER

Check 2018.png

Program-Specific Financing Options

Check 2018.png

Only Pay Interest in Program + 2 Months

THE SAME LOW RATE FOR ALL

Click your program below to find your honest & upfront rate, even if you opt to add a cosigner.

SELECT YOUR PAYMENT & LOAN TERMS:

WEB DEVELOPMENT IMMERSIVE

  • Borrow from $2,000 up to your metro's max for tuition & cost of living
  • Make low interest payments for the first 8 months
  • Starting at month 9, you'll begin full repayment
METRO TUITION COST OF LIVING
METRO #1:
San Francisco, New York City, Seattle
$19,500 $12,000
METRO #2:
Austin, Boulder, Golden Triangle, Platte, Phoenix
$19,500 $9,000

Now, let's calculate your full monthly repayment (interest + principal):

Please enter a number between 2,000 and 31,500 without punctuation

Students may borrow $2,000 to $31,500, depending on Metro

36-Month Term
at 8.99% Interest Rate
at 9.95% General* APR
$ 325.10 /mo
or
60-Month Term
at 10.49% Interest Rate
at 11.55% General* APR
$ 221.34 /mo

*The General Annual Percentage Rate (APR) shown is a general calculation. To learn how an APR is calculated, visit our blog.

DATA SCIENCE IMMERSIVE

  • Borrow from $2,000 up to your metro's max for tuition & cost of living
  • Make low interest payments for the first 5 months
  • Starting at month 6, you'll begin full repayment
METRO TUITION COST OF LIVING
METRO #1:
San Francisco, New York City, Seattle
$14,500 $6,000
METRO #2:
Austin, Boulder, Golden Triangle, Platte, Phoenix
$14,500 $4,500

Now, let's calculate your full monthly repayment (interest + principal):

Please enter a number between 2,000 and 20,500 without punctuation

Students may borrow $2,000 to $20,500, depending on Metro

36-Month Term
at 8.49% Interest Rate
at 10.12% General* APR
$ 325.10 /mo
or
60-Month Term
at 10.49% Interest Rate
at 11.63% General* APR
$ 221.34 /mo

*The General Annual Percentage Rate (APR) shown is a general calculation. To learn how an APR is calculated, visit our blog.

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 No interest will be capitalized.
Payments Required While Enrolled? Interest-Only Type Loans: Monthly interest payments are required.
Separation Period (after the in-school period and before interest and principal repayment begins) Two months after official graduation (3)
Interest-Only Type Loans: Interest-only payments are required while in school and during the separation period.
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 Immersive 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 3.0% 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, 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 3.0% 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 Immersive program:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
General Annual Percentage Rate 10.12% (4) 11.63% (5)
Finance Charge (the dollar amount the credit will cost you) $2,068 (4) $3,730 (5)
Interest-Only Monthly Payment $73 (4) $90 (5)
Monthly Payment $325 (4) $221 (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.

QUALIFYING FOR SKILLS FUND FINANCING

Our underwriting reflects an investment in your future success. Skills Fund does not use current income nor employment history in your credit decision, and you may qualify for a Skills Fund loan if you meet the basic underwriting criteria, including:

  • You are a U.S. citizen or permanent resident (Green Card holder)
  • Fair credit or better
  • No bankruptcies or history of default on a public or private loan

    Worried about your credit health? You may either begin your loan application with a cosigner, or following credit denial, you may be given the opportunity to add a cosigner.

    All approved students are given the same low rate - with or without a cosigner.

    TAKE 10 MINUTES & APPLY NOW

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

    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.

    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

    HOW MUCH CAN I BORROW AND FOR WHAT SPECIFIC USES?

    For Web Development, you may borrow from $2,000 to $19,500 for tuition.

    • Students in San Francisco, New York City, and Seattle (Metro #1) may add on up to $12,000 in cost of living.
    • Students in Austin, Boulder, Golden Triangle, Platte and Phoenix (Metro #2) may add on up to $9,000 in cost of living.

    For Data Science, you may borrow from $2,000 to $14,500 for tuition.

    • Students in San Francisco, New York City, and Seattle (Metro #1) may add on up to $6,000 in cost of living.
    • Students in Austin, Boulder, Golden Triangle, Platte and Phoenix (Metro #2) may add on up to $4,500 in cost of living.

    Please note: In order to finance cost of living, borrow at least $2,000 in tuition financing.

    Should you receive a partial tuition scholarship and opt to finance the remaining cost of tuition, please only apply for the outstanding tuition amount. Any requested tuition financing above your remaining tuition balance will be downward adjusted during Galvanize's certification of your loan.

    For example, if you are granted a $9,500 scholarship for the Web Development program, you are able to apply for a $10,000 tuition loan, plus any desired cost of living for your metro area.

    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. All students applying for a Skills Fund loan can elect to have their cost of living disbursed via electronic funds transfer or mailed directly to the address provided in their loan application.

    Please allow 1 - 5 business days for your electronic funds 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.

    HOW AND WHEN WILL I REPAY MY LOAN?

    You will start paying interest on your loan roughly one month after your loan is disbursed to the school. Disbursement occurs on the second Wednesday after program start.

    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 AspireServicingCenter.com at any time to manage payments and account balance.

    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. This applies to both the Web Development & Data Science programs.

    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 is included in the total loan principal amount you finance. This fee helps cover the administrative fees associated with originating the loan and is 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.

    WILL YOU CHECK MY CREDIT?

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

    For other general questions about Skills Fund financing, please visit our Resource Center.

    CONTACT US