Finance Your Tuition
The Same Low Rate for All
Low Monthly Payment Options
No teaser rates nor barriers ahead: No income or employment used in underwriting, cosigner options are available, and in a matter of minutes, you'll have financing done for your full-time or part-time program.
Full-Time Students: Make low, interest-only payments while enrolled and for two months after program completion with our interest-only loan.
|Program||Tuition||Loan Maximum (Note: Financing not available for deposit)|
|Full-Time Web Development Bootcamp||$11,900||$9,900|
|Part-Time Web Development Bootcamp||$11,900||$9,900|
|Front-End Web Designer/Developer Bootcamp||$11,900||$9,900|
|Data Science Bootcamp (Part-Time)||$12,500||$10,000|
Select a repayment amount that works best for you:
For Nashville Software School, students may borrow from $2,000 to $10,000 depending on program
*APR - Annual Percentage Rate. The APR shown is a general calculation based upon an example loan amount, 4.0% origination fee, and varying program length. An actual APR calculation is based upon an individual borrower's specific details, so it may deviate slightly from the general APR example provided above.
|Skills Fund Loan||36 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
|Capitalization of Interest||No interest will be capitalized.|
|Payments Required While Enrolled?||Full-Time: interest-only payments 30 days into program; Part-Time: full repayments (interest + principal) 30 days into program.|
|Separation Period (after the in-school period and before interest and principal repayment begins for full-time students)||Payments are due roughly a month after loan disbursement.(3)|
|Principal and Interest Repayment Term||36 months (3 years)|
This example shows the monthly payments of a $10,000 Interest-Only type Skills Fund loan:
|Example on a $10,000 loan||36 Month Loan|
|Annual Percentage Rate||10.94% (4)|
|Finance Charge (the dollar amount the credit will cost you)||$2,527 (4)|
|Interest-Only Monthly Payment||$78 (4)|
|Monthly Payment||$331 (4)|
This example shows the monthly payments of a $10,000 Immediate Repayment type Skills Fund loan:
|Example on a $10,000 loan||36 Month Loan|
|General Annual Percentage Rate||11.69% (4)|
|Finance Charge (the dollar amount the credit will cost you)||$1,904 (4)|
|Monthly Payment||$331 (4)|
Before you begin, please read these important notes:
While in the application, please note:
We’ve worked closely with Nashville Software School to provide students - of all backgrounds and walks of life - access to competitive financing. As long as you meet the basic underwriting criteria - such as you are a US citizen / permanent resident, with no bankruptcies or history of default on a public or private loan, you'll most likely qualify for a Skills Fund loan.
The maximum amount you can borrow will depend on your program.
Full-Time Web Development Program:
Part-Time Web Developer Bootcamp:
Front-End Web Designer/Developer Bootcamp:
Data Science Bootcamp:
Within the loan application, you will find a field for tuition financing. Within that field, you are able to input the precise amount of tuition you would like to borrow. Please note that cost of living financing is not offered for Nashville Software School programs.
Should you want to apply for a scholarship through Nashville Software School, it is recommended to apply for max tuition financing, and once your scholarship is awarded, please email CustomerTrust@Skills.Fund with your scholarship amount. Skills Fund will then downward adjust your requested tuition financing. This will prevent you from having to apply for additional funds, should you not be awarded your scholarship, as loans may not be upward adjusted.
For a 36-month $10,000 loan, the interest only monthly payment is approximately $78.
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.
During the loan application process, we will ask you for the following information:
Apply for the loan after you've applied to Nashville Software School's program. Your program cohort must begin within 90 days of the date that you apply for a loan.
Yes, we will check your credit, including your credit score.
You will be charged an origination fee of 4.0%. 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. Please see terms in "More Info on Terms" above.
Please note: this fee is already reflected in the general APR outlined above and in the loan calculator. Interested in learning more about your interest rate vs. APR? Check out our blog post here.
Shortly after completing your loan application, you will receive provisional credit approval details via a confirmation window in the application and email notification. If you are credit approved, your loan will then be certified by Nashville Software School. If you are not credit approved, you may be given the opportunity to amend your application with a cosigner.
You may apply for financing in parallel to applying for your scholarship. If you are awarded your scholarship prior to the disbursement of your tuition financing to Nashville Software School, please email CustomerTrust@Skills.Fund with the amount of your scholarship, and your tuition will be downward adjusted.
Regarding your tuition: You are responsible for the full amount you borrow, plus accrued interest and fees. If you are owed a refund by Nashville Software School, 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 Nashville Software School 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.
Yes, you can pre-pay your loan at any time without penalty.
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.
Southeast Bank is a Tennessee-chartered bank, and is the lender for all Skills Fund loans.
Aspire Resources Inc. is a wholly owned, for-profit subsidiary of Skills Fund's non-profit partner, Iowa Student Loan. Aspire Resources Inc. provides post-disbursement customer service on behalf of Skills Fund, and Aspire's logo will be seen within communications specific to your Skills Fund loan.
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!