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.