At Skills Fund, we're on a mission to connect as many students as possible with funding for an education that will help them change their life. Student lending can sometimes be smoke-and-mirrors - and that's not fair to any student. We want you to be completely informed during every step of the process, because this is about your future. We've created a step-by-step guide to exactly what happens when you apply for Skills Fund financing. Check it out!
The Life of Your Skills Fund Loan
November 21, 2017
FIRST THINGS FIRST... SUBMIT YOUR APPLICATION
Apply after acceptance into your program. You'll apply directly from your school's partnership website.
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RECEIVE A DECISION IN MINUTES
- If you're approved, you'll receive a decision in your browser.
- If you're denied, you may be given the opportunity to add a cosigner.
- Select schools offer Access Loans for credit-impaired students. If you are eligible, you will receive an email from Skills Fund.
NEXT UP: YOUR SCHOOL CERTIFIES THE LOAN
Skills Fund will double-check your loan info with the school you plan on attending.
TIME TO CERTIFY YOUR APPLICATION
Once your loan is certified by your school, you need to review and sign your final loan documents. You may have the option to electronically sign, or sign by mail.
FUNDS ARE SENT
Funds are disbursed the second Wednesday after your program start date.
For single-disbursement schools: Funds will be sent to you on the second Wednesday after your program starts.
For multiple-disbursement schools: Funds will be sent to you in accordance with your school's disbursement schedule. Please check your school's partnership website for details or contact CustomerTrust@skills.fund.
Tuition funds are sent directly to your school. Any cost of living financing is sent to you via direct disbursement or paper check.
BEGIN REPAYMENT
Depending on your loan type, you'll start making full or interest-only payments roughly one month after your loan is disbursed. Sign up at AspireServicingCenter.com to make payments. More information on Skills Fund Repayment.
