Please select the Skills Fund loan that works best for you.
For part-time programs you may borrow from $2,000 to $10,800 (max borrowing amount depends on program)
For part-time programs you may borrow from $2,000 to $14,850 (max borrowing amount depends on program)
For part-time programs you may borrow from $2,000 to $18,000 (max borrowing amount depends on program)
|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)|
|Capitalization of Interest||None, since interest payments are mandatory 30 days after the loan is disbursed|
|Payments Required While Enrolled?||Yes, full monthly payments required|
|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:
|Example on a $10,000 loan||36 Month Loan||60 Month Loan|
|Annual Percentage Rate||7.98% (4)||9.46% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$1,828 (4)||$3,240 (5)|
|Monthly Payment||$316.80 (4)||$211.30 (5)|
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.
By beginning the application, I consent under Federal and state privacy laws to Code Fellows 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.