Q: How do I make payments on my Skills Fund loan?
To set up payments on your Skills Fund loan or to learn more about your payment options, visit www.AspireServicingCenter.com or call 1-800-243-7552 (Monday-Friday, 8am - 4:30pm Central). You can make payments on your Skills Fund loan using AutoPay, one-time payments, or payment by mail.
The timing of your payments depends on your loan type.
- For Interest-only Loans, you will make interest-only payments while in program and for two months of grace. You will start making full (interest + principal) payments two months after your program ends.
- For Immediate Repayment Loans, you will start making payments roughly one month after your loan is disbursed (which occurs on the second Wednesday after program start.)
You can find more information about repayment amounts and scheduling on your specific school's partner website.
For more info, go to: How Do I Pay Back My Skills Fund Loan