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Congratulations

On Your Acceptance to a Code Fellows Part-time Program!

Please select the Skills Fund loan that works best for you.

+Click to See 401 Program Loan Calculator

enter a number between 2000 and 10800 without punctuation

For part-time programs you may borrow from $2,000 to $10,800 (max borrowing amount depends on program)

36-Month Term
at 6.09% Interest Rate
7.98% General APR
$ 316.80 /mo*
or
60-Month Term
at 8.09% Interest Rate
9.46% General APR
$ 211.30 /mo*

+Click to See 301+401 Program Loan Calculator

enter a number between 2000 and 14850 without punctuation

For part-time programs you may borrow from $2,000 to $14,850 (max borrowing amount depends on program)

36-Month Term
at 6.09% Interest Rate
7.98% General APR
$ 316.80 /mo*
or
60-Month Term
at 8.09% Interest Rate
9.46% General APR
$ 211.30 /mo*

+Click to See 201+301+401 Program Loan Calculator

enter a number between 2000 and 18000 without punctuation

For part-time programs you may borrow from $2,000 to $18,000 (max borrowing amount depends on program)

36-Month Term
at 6.09% Interest Rate
7.98% General APR
$ 316.80 /mo*
or
60-Month Term
at 8.09% Interest Rate
9.46% General APR
$ 211.30 /mo*

*Click to open 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
6.09%
Fixed
8.09%
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)
  • (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) 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 5 months while enrolled in the program and 2 months of grace, then the 36 month principal and interest period.
  • (5) 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 5 months while enrolled in the program and 2 month of grace, then the 60 month principal and interest period.

Important notices before you start your application:

Customer identification policy notice:

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 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.

  • 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.

If you are a cosigner begin the addendum now by clicking here.

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