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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Ease of Application + Credit Review

Empowered Decisions

No teaser rates, cosigner trickery, or barriers ahead. Expect clear-cut and upfront loan terms to jump start your transformative journey.

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Calculate Your Monthly Payment Now

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No Current Income or Employment Data Used in Underwriting

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Full-Time & Part-Time Program Financing

FLEXIBLE FINANCING OPTIONS

Only finance what you need: borrow from $2,000 to your applicable program max for tuition and cost of living.

Full-Time Programs: Make interest-only payments while in program and for two months following graduation. Example loan amounts and estimated payments can be found below.

Part-Time Programs: Start making full payments (interest + principal) one month after your program starts. Example loan amounts and estimated payments can be found below.

Please note: Cost of living may only be added to max tuition financing for Full-Time Programs.

PROGRAM TYPE TUITION COST OF LIVING
FULL-TIME $9,500 $4,000
PART-TIME $9,500 $0
Please Note: Please note: Students are responsible for paying The Startup Institute's cash deposit directly to the school in full accordance with their deposit policy.

LOAN CALCULATOR

Select a repayment amount that works best for you:

Please enter a number between 2,000 and 13,500 without punctuation

For Startup Institute, students may borrow from $2,000 to $13,500 depending on program

36-Month Term
at 8.99% Interest Rate
11.25% APR
$ 330.67 /mo
or
60-Month Term
at 10.99% Interest Rate
12.55% APR
$ 226.07 /mo

*APR = Annual Percentage Rate. APR shown is a general APR. The APR shown includes a 4.0% origination fee.

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 4.0% of loan requested (1)
Interest Rate (2) Fixed
8.99%
Fixed
10.99%
Capitalization of Interest Interest-Only type loans: no interest will be capitalized.
Immediate Repayment type loans: none, since interest payments are mandatory 30 days after the loan is disbursed.
Payments Required While Enrolled? Interest-Only type loans: Monthly interest payments are required.
Immediate Repayment type loans: None, since full payments are mandatory 30 days after the loan is disbursed.
Separation Period (after the in-school period and before interest and principal repayment begins) Interest-Only type loans: Two months after official graduation (3)
Note: Interest-Only type loans require interest-only payments while in school and during the separation period.
Immediate Repayment type loans: None, full repayments start one month into program.
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 Loan 60 Month Loan
General Annual Percentage Rate 11.25% (4) 12.55% (5)
Finance Charge (the dollar amount the credit will cost you) $2,216 (4) $3,945 (5)
Interest-Only Monthly Payment $78 (4) $95 (5)
Monthly Payment $331 (4) $226 (5)
  • (1) The 4.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $10,000 will result in a $400 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $10,400.
  • (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 4.0% origination fee, paying interest on the loan for 2 months while enrolled in the program and 2 month 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 4.0% origination fee, paying interest on the loan for 2 months while enrolled in the program and 2 month of grace, then the 60 month principal and interest period.

This example shows the monthly payments of a $10,000 Immediate Repayment Skills Fund loan:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
General Annual Percentage Rate 11.69% (4) 12.71% (5)
Finance Charge (the dollar amount the credit will cost you) $1,904 (4) $3,564 (5)
Monthly Payment $331 (4) $226 (5)
  • (1) The 4.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $10,000 will result in a $400 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $10,400.
  • (2) Interest rates are fixed and never vary.
  • (4) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 4.0% origination fee, paying interest and principal on the loan starting one month after your program start date.
  • (5) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 4.0% origination fee, paying interest and principal on the loan starting one month after your program start date.

The Skills Fund Promise

  • NO LEAD – GEN INCENTIVES

    NO LEAD – GEN INCENTIVES

    This is all we do: we only finance students to attend the best bootcamps out there.

  • ONLY THE BEST BOOTCAMPS

    ONLY THE BEST BOOTCAMPS

    We perform extensive due diligence on all programs to ensure quality of student experience. We proudly tell you every school we work with - front and center.

  • NO TEASER RATES OR DECEPTIVE HOOKS

    NO TEASER RATES OR DECEPTIVE HOOKS

    Your interest rate is clear cut -from the start - and there's truthful clarity in everything from our marketing practices through our loan terms.

  • LOAN CALCULATOR

    LOAN CALCULATOR

    You've got enough on your plate - who needs surprises at the end of your financing experience? Connect the dots and use our loan calculator to understand your monthly repayments before you start your loan application.

  • NO COSIGNER TRICKERY

    NO COSIGNER TRICKERY

    Unlike our competitors, we believe you should be empowered to secure a low rate on your own - without any obstacles. Add a cosigner only if you need it.

READY TO TRANSFORM YOUR CAREER? 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 Startup Institute 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 STARTUP INSTITUTE 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

Do I qualify for a Skills Fund loan?

We’ve worked closely with Startup Institute 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.

TELL ME ABOUT THE SKILLS FUND & STARTUP INSTITUTE ACCESS PROGRAM

Startup Institute & 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 & Startup Institute 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 Startup Institute students who are U.S. citizens or permanent residents are 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
  • 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 Access@Skills.Fund

HOW MUCH CAN I BORROW AND FOR WHAT SPECIFIC USES?

Full-Time Programs: Students can borrow between $2,000 and $13,500 ($9,500 tuition + $4,000 cost of living).

Part-Time Programs: Students can borrow between $2,000 and $9,500. Cost of living financing is not available for Part-Time Programs.

Please note: Supplemental cost of living can only be added to max tuition financing.

WHEN WILL I RECEIVE MY LIVING STIPEND?

Your lump sum cost of living will be sent directly to Startup Institute 10 - 14 days after your program start date.

Please note: Supplemental cost of living can only be added to max tuition financing. Anything above your tuition (less $1,000 deposit) will be considered cost of living and disbursed directly to you. Cost of living cannot be financed apart from tuition.

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 (to help in your job search).

  • Interest-Only type loans: Interest-only payments are required during this period. After the deferment period ends, payments of principal and interest are required.
  • Immediate Repayment type loans: These loans have no deferment period since full payments (interest + principal) are due one month after program start.

How much are interest payments during the deferment period?

Interest payments during the deferment period depend on the type of loan you choose:

  • Interest-Only loans: For a 36-month $10,000 loan, the interest only monthly payment is approximately $78. For a 60-month $10,000 loan, the interest only monthly payment is approximately $95.
  • Immediate Repayment loans: These loans require full payment (interest + principal) one month after program start - there are no interest-only payments.

Please see terms in "More Info On Terms" above.

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.

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.

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 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 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.

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 a confirmation window in the application. If you are credit approved, your loan will then be certified by Startup Institute.

How and when will I repay my loan?

  • Interest-Only loans: You will start making interest payments your loan roughly one month after your Startup Institute program start date. Two months post-graduation, you will start making full monthly payments (interest plus principal). This 60-day grace period helps you to keep your eye on finding the perfect job post-graduation.
  • Immediate Repayment loans: You will start making full payments (interest + principal) roughly one month after your Startup Institute program start date.

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.

What happens to my loan if I drop out from my program?

Regarding your tuition: You are responsible for the full amount you borrow, plus accrued interest and fees. If you are owed a refund by Startup Institute, 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 Startup Institute 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: 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.

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 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!).

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

  • Questions on your Skills Fund Student Application?
  • Call us at (855) 757 - 6081, Monday - Friday, 9:00am - 5:30pm EST
  • CustomerTrust@Skills.Fund