For immersive on-site camps, students can borrow between $2,000 and $16,800 ($11,900 tuition - $100 deposit + $5,000 supplemental cost of living). Make interest-only payments while in program and for two months following graduation. Example loan amounts and estimated payments can be found below. Please see terms at the bottom of the page.
Please note: Supplemental cost of living can only be added to max tuition financing.
|Loan Amount (Examples)||Term (Months)||Interest Rate||General APR*||In-School Payments (Interest Only)||Post-Graduation Payments|
|$10,000 (Interest-Only Type)||36||8.49%||10.06%||$73||$325|
|$10,000 (Interest-Only Type)||60||10.49%||11.60%||$90||$221|
For night camps, students can borrow between $2,000 and $13,800 ($13,900 tuition - $100 deposit). Make full repayments (interest + principal) one month after program start. Example loan amounts and estimated payments can be found below. Please see terms at the bottom of the page.
Please note: Supplemental cost of living is not available for night camps.
|Loan Amount (Examples)||Term (Months)||Interest Rate||General APR*||Monthly Payments|
*General APR = Annual Percentage Rate. General APR shown on a 16-week program. The APR that is charged for borrowing includes a 3.0% origination fee.
Apply after your acceptance into a Coder Camps immersive or night camps.
Ease of application: Less than ten minutes to complete your online loan application. Receive provisional credit approval within minutes.
Skills Fund disburses your tuition financing directly to Coder Camps once you start your program. Your supplemental cost of living will be sent directly to you two weeks after program start.
Full repayment grace period: For immersive camps, your full loan payments will start two months after you graduate. For night camps, start making full payments one month after program start.
We’ve worked with Coder Camps to provide as many of their students as possible with access to competitive financing. As long as you are a US citizen or permanent resident and meet the underwriting criteria, such as no recent bankruptcies nor history of default on any private or government student loan, you will most likely qualify for a Skills Fund loan.
For immersive on-site camps, students can borrow between $2,000 and $16,800 ($11,900 tuition - $100 deposit + $5,000 supplemental cost of living). For night camps, students can borrow between $2,000 and $13,800 ($13,900 tuition - $100 deposit)
Please note: Supplemental cost of living can only be added to max tuition financing, and is only available for immersive camps.
If you do not meet the loan underwriting criteria, a cosigner will be needed. You can (1) apply individually, and should you not be approved, you can reapply with a cosigner, or (2) initiate your loan process with a cosigner.
Please note: we advise you to apply individually to begin, and should you not be credit approved, you may amend your application with a cosigner.
During the loan application process, we will ask you for the following information:
Yes, we will check your credit, including your credit score.
You will be charged an origination fee of 3.0%. This amount will be added to the amount of tuition you borrow, and included in the total loan principal amount you finance. This fee helps cover the administrative fees associated with originating the loan and charged by our partner bank. See terms at bottom of page.
You will be sent a link to apply for a Skills Fund loan following your acceptance to a Coder Camps immersive or night program. You can also access the application site here. Please note, only accepted students can apply for a Skills Fund loan.
Shortly after completing your loan application, you will receive a notification via email providing approval details. Once Coder Camps certifies your participation in their program, and the specific loan amount requested, you will receive a second email confirming your loan is approved.
For immersive programs, you will start making interest-only payments one month after your Coder Camps program starts, and begin making full monthly payments (interest + principal) two months after graduation. For night programs, you will start making full payments one month after your Coder Camps program starts. We will provide you with several options for making payments, including automated payments.
Your lump sum cost of living will be sent directly to the mailing address listed on your loan application 14-21 days after your program start date.
Yes, you can prepay your loan at any time without penalty.
You are responsible for the full amount you borrow. If you are owed a refund by Coder Camps, the refund transaction will be made to Skills Fund in the amount of the refund due (but in no event greater than what that we paid to Coder Camps on your behalf). If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments for the balance.
Skills Fund's mission is simple: we transform student lives and careers by accelerating the growth of and access to high-quality skills education. With a team of leaders in student lending, higher education and consumer protection, Skills Fund pulls upon extensive expertise to create a financing platform that is transparent, fast, and offers students financial flexibility.
Skills Fund believes bootcamps, lenders, and industry should share in ensuring student success - and that’s what we’re working daily to make happen. Read our Manifesto here.
We are more than happy to answer any additional question you might have. Just fill the form below and we will be in touch soon!
|Skills Fund Loan||36 Month Loan||60 Month Loan|
|Cosigners||Note: Up to 1 cosigner might be required in some instances.|
|Origination Fee||3.0% of loan requested (1)|
|Capitalization of Interest||None, since interest payments are mandatory 30 days after the loan is disbursed|
|Payments Required While Enrolled?||-Interest-only type loans: monthly interest payments are required.
-Non-deferred type loans: full payments (interest + principal) are required.
|Separation Period (after the in-school period and before interest and principal repayment begins)||Two months after official graduation (3)
Note: interest-only type loans require interest-only payments while in school and during the separation period.
|Principal and Interest Repayment Term||36 months (3 years)||60 months (5 years)|
This example shows the monthly payments of a $10,000 interest-only Skills Fund loan for an eligible Coder Camps immersive camp:
|Example on a $10,000 loan||36 Month Loan||60 Month Loan|
|General Annual Percentage Rate||10.06% (4)||11.60% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$2,141 (4)||$3,820 (5)|
|Interest-Only Monthly Payment||$73 (4)||$90 (5)|
|Monthly Payment||$325 (4)||$221 (5)|
This example shows the monthly payments of a $10,000 non-deferred Skills Fund loan for an eligible Coder Camps night camp:
|Example on a $10,000 loan||36 Month Loan||60 Month Loan|
|General Annual Percentage Rate||10.52% (3)||11.78% (4)|
|Finance Charge (the dollar amount the credit will cost you)||$1,704 (3)||$3,280 (4)|
|Interest-Only Monthly Payment||Not applicable (3)||Not applicable (4)|
|Monthly Payment||$325 (3)||$221 (4)|