Program-Specific Financing Options
Only Pay Interest In Program + 2 Months After Completion
Click your program below to find your honest & upfront rate, even if you opt to add a cosigner.
|#1: DC, Silicon Valley||$12,495|
|#2: Silicon Valley||$12,495|
|#3: LA, OC||$10,995|
|#5: East Bay||$11,495|
Now, let's calculate your monthly repayment (interest + principal):
Students may borrow from $2,000 up to $20,495 depending on metro (see tuition table above).
Now, let's calculate your full monthly repayment (interest + principal):
Students may borrow from $2,000 up to $6,500.
|Skills Fund Loan||36 Month||60 Month|
|Cosigners||Note: Up to 1 cosigner might be required in some instances.|
|Origination Fee||4.0% of loan requested (1)|
|Interest Rate (2)||Fixed
8.99% interest rate, 11.01%-11.16% estimated APR
10.99% interest rate, 12.44%-12.51% estimated APR
|Capitalization of Interest||Interest-Only Loans: Interest not capitalized unless payments not made.|
|Payments Required While Enrolled?||Interest-Only Loans: Monthly interest payments are required.|
|Grace Period||Two-month period after the in-school period, following official program completion, and before interest and principal repayment begins. (3)
Interest-Only Loans: Interest-only payments are required while in school and in the grace period.
|Post-Grace Period||Interest-Only Loans: Full repayments (principal and interest) are required.|
|Principal and Interest Repayment Term||36 months (3 years)||60 months (5 years)|
This example shows the monthly payments of a $10,000 interest-only Skills Fund loan:
|Example on a $10,000 loan||36 Month||60 Month|
|Annual Percentage Rate||11.16% (4)||12.51% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$2,293.64 (4)||$4,040.39 (5)|
|Interest-Only Monthly Payment||$77.91 (4)||$95.25 (5)|
|Full Monthly (Principal and Interest) Payment||$330.67 (4)||$226.07 (5)|
This example shows the monthly payments of a $6,500 interest-only Skills Fund loan:
|Example on a $6,500 loan||36 Month||60 Month|
|Annual Percentage Rate||11.01% (4)||12.44% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$1,592.16 (4)||$2,750.08 (5)|
|Interest-Only Monthly Payment||$50.64 (4)||$61.91 (5)|
|Full Monthly (Principal and Interest) Payment||$214.93 (4)||$146.95 (5)|
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:
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.
ATTENTION ONLINE BOOTCAMP STUDENTS: When entering "Applicant Information" within your loan application, please select Washington (WA) as "the state of the school you plan to attend."
Please select If you are a cosigner, begin the addendum now by clicking here.
Before you begin, please read these important notes:
While in the application, please note:
Metro #1 (D.C.):
Metro #2 (Silicon Valley):
Metro #3 (Los Angeles, Orange County):
Metro #4 (Seattle):
Metro #5 (East Bay):
Metro #6 (Dallas):
Metro #7 (Tulsa):
Metro #8 (Chicago):
Online Bootcamp students: You can borrow up to $6,500 for tuition. Cost of living is not available for the online program. After acceptance, you will pay a $1,000 deposit directly to Coding Dojo to reserve your spot in the online course.
Please note: Scholarships may be applied to financing at any time. Your approved loan can only be certified by Coding Dojo upon full acceptance and enrollment into your program.
Only the Onsite Bootcamp is eligible for cost of living. Your lump sum living stipend will be sent to you on the second Wednesday after your program start. You can elect to have your 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.
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 make interest-only payments while in program and for 60 days following program completion.
You will start making full monthly payments (interest plus principal) after your two-month grace period ends. This 60-day payment 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.
The deferment period is defined as the time you are attending the course, plus an additional two months after program completion. These additional two months are considered your grace period.
Interest-only payments are required during the deferment period. After the deferment period ends, payments of interest and principal are required. Paying interest on your loan during the deferment period will result in lower interest + principal payments during the full loan repayment phase of 36 or 60 months.
The interest-only payments depend on how much you borrow; the less you borrow, the less you will pay.
Please see terms in "More Info On Terms" above.
Please note: The Annual Percentage Rate (APR) is estimated and may change slightly based on program start date. To learn how an Annual Percentage Rate (APR) is calculated, visit our blog.
You will be charged an origination fee of 4.0%. 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 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.
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, please email CustomerTrust@Skills.Fund or notify your Admissions Counselor 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 a 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.
If you do not meet the loan underwriting criteria, a cosigner may be needed. You can (1) apply individually, and should you not be approved, you may be given the opportunity to amend your application 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.
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.
During the loan application process, we will ask you for the following information:
Yes. When you apply we will check your credit, including your credit score. Interested in learning more about what goes into your credit score? Visit our blog and explore our credit history resources today.