After you've made your decision to attend a training program and learn a new skill, you're well on your way to a new career. The only checkbox left unmarked is the part where you figure out how to pay the cost of tuition. Programs with a Skills Fund partnership have made it as easy as possible for students to pay the cost of their tuition through a loan with low monthly payments. We've outlined exactly what you need before moving forward and applying for a Skills Fund loan.
What do I need to apply for a Skills Fund loan?
June 30, 2017
FIRST, FIND YOUR PROGRAM
Before you apply for a Skills Fund loan, you'll need to apply to and be accepted into a bootcamp.
Your program start date must be within 90 days of when you apply for a Skills Fund loan.
HERE'S WHAT WE'LL NEED:
- State of school
- Name of school
- Name of program
- Program start date
- Full name
- Email and other contact information
- Social Security Number
- Date of Birth
- Loan amount requested
- Three personal references
- Cosigner information (if applicable)
- US Citizenship / permanent resident
- Current employment information (not used in credit decision)
- Current income (not used in credit decision)
- Type of loan requesting
- Length of loan requesting (36 month or 60 month)
WHEN WILL I GET A DECISION?
After you input your email address into the loan application, you'll receive a link to begin the application.
The application takes about 10 minutes to complete. Usually you'll receive an approval or denial decision within minutes. If you're denied, you may be given the opportunity to amend your application with a cosigner.
WHY DOES A SKILLS FUND PARTNERSHIP MATTER?
It's all about the ROE. Skills Fund only works with programs whose outcomes are in a student's favor. Before we partner with any program, we ask them real questions and look into their student outcomes, curriculum, and instructors. If they're not providing an education that a student benefits from, we won't partner with them. Simple as that.