The Same Low Rate for All
You Decide Your Loan Type
No teaser rates nor barriers ahead: No income or employment used in underwriting, cosigner options are available, and in a matter of minutes, you'll have financing done and all set to enroll at Thinkful.
Select your rate, payment and loan type using this site.
Take 10 mins & apply. Receive a credit decision in mins.
Fill out enrollment form for the Flexible Web Development Bootcamp prep course.
Your loan is certified one week after your first session.
Roughly one month into your program, start making payments. Create an account at www.AspireServicingCenter.com to manage your account.
Worried about making payments while enrolled? Choose to pay a low amount of interest while enrolled and for two months after program completion.
Ready to start paying off your loan right out of the gates? Start interest + principal payments a month into program.
Only finance what you need: borrow from $2,000 to $11,750* for tuition (depending on program length)
|LOAN TYPE||Interest-Only Payment||Full Payment||Full Cost of Loan|
|Interest-Only (Only Pay Interest)||$68||$289||$10,961|
|Immediate Repayment (Start Paying Interest + Principal)||N/A||$289||$10,416|
*On average, students complete the program in 6 months at a cost of $8,750. $11,750 is based on an 8-month completion timeline. Borrow the max you'll need for your program. Questions? email@example.com.
For Thinkful students may borrow from $2,000 to $11,750.
Students may opt for immediate repayment in program or defer full repayment until 60-days after program completion with an interest-only loan.
*General APR - General Annual Percentage Rate. The APR shown is a general calculation based upon an example loan amount, 4.0% 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.
|Skills Fund Loan||36 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
|Capitalization of Interest||No interest will be capitalized.|
|Payments Required While Enrolled?||Full monthly payments (interest + principal) are required.|
|Separation Period (after the in-school period and before interest and principal repayment begins)||Payments are due about a month after loan disbursement.|
|Principal and Interest Repayment Term||36 months (3 years)|
This example shows the monthly payments of a $10,000 Immediate Repayment type Skills Fund loan:
|Example on a $10,000 loan||36 Month Loan|
|General Annual Percentage Rate (4)||11.69%|
|Finance Charge (Total $ Cost of Loan)||$1,904|
This example shows the monthly payments of a $10,000 Interest Only type Skills Fund loan:
|Example on a $10,000 loan||36 Month Loan|
|General Annual Percentage Rate||10.94% (4)|
|Finance Charge (the dollar amount the credit will cost you)||$2,527 (4)|
|Interest-Only Monthly Payment||$78|
|Monthly Payment||$331 (4)|
Before you begin, please read these important notes:
ATTENTION APPLICANTS: When entering "Applicant Information" within your loan application, please select New York (NY) as "the state of the school you plan to attend."
If you are a cosigner begin the addendum now by clicking here.
While in the application, please note:
We’ve worked closely with Thinkful 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.
For Thinkful's Full Stack Flex Program, students are able to finance between $2,000 and $11,750*. The deposit must be paid directly by the student ($250). Financing can only be used for Thinkful's tuition.
*Please note: On average, students complete the Full Stack Flex programs in 6 months. To finance a 6-month completion timeline, only borrow $8,750. $11,750 is based on an 8-month completion timeline. Questions? Please contact firstname.lastname@example.org.
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 Thinkful, 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.
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.
During the loan application process, we will ask you for the following information:
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.
Yes, we will check your credit, including your credit score.
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.
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 Thinkful. If you are not credit approved, you may be given the opportunity to amend your application with a cosigner.
You are responsible for the full amount you borrow, plus accrued interest and fees. If you are owed a refund by Thinkful, 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 Thinkful 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.
Your repayment schedule depends on the loan type you select.
For Interest Only Loans, you will make interest-only payments while in program and for two months following graduation, then you will start making full (interest + principal) payments.
For Immediate Repayment type loans, you will start making full monthly payments (interest + principal) one month after your program begins.
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.
Yes, you can pre-pay your loan at any time without penalty.
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.
Southeast Bank is a Tennessee-chartered bank, and is the lender for all Skills Fund loans.
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!).
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!