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Comprehensive Financing For Your Web Development Education

  • Finance your tuition + cost of living
  • One low, fixed interest rate for 3- and 5-year loans
  • Calculate your monthly payments before starting your loan application
  • Cosigner options available (only if you need them!)
  • No teaser rates or cosigner trickery
  • No income, employment, or educational criteria used in underwriting
  • No prepayment penalties // full repayment grace period

Choose What Works For You

Students can borrow between $2,000 and $27,000 ($24,000 tuition - $3,000 deposit + $6,000 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 36 8.99% 11.08% $78 $331
$10,000 60 10.99% 12.48% $95 $226

*General APR = Annual Percentage Rate. General APR shown on a 16-week program. The general APR that is charged for borrowing includes a 4.0% origination fee.

How It Works


Apply after your acceptance into a Rithm immersive program.


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 Rithm. Your supplemental cost of living will be sent directly to you two weeks after program start.


Full repayment grace period: Your full loan payments (interest + principal) will start two months after you graduate.

Already Accepted to Rithm School?

Frequently Asked Questions

Do I qualify for a Skills Fund loan? ▾

We’ve worked with Rithm 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 or history of default on any private or government student loan, you will most likely qualify for a Skills Fund loan.

How much can I borrow and for what specific uses? ▾

Students are eligible to borrow between $2,000 and $27,000 ($24,000 tuition - $3,000 deposit + $6,000 supplemental cost of living). You may use your loan proceeds to pay for Rithm's tuition and for living expenses during your program, but the deposit is not eligible for financing.

Please note: Supplemental cost of living can only be added to max tuition financing.

Do I need a cosigner? ▾

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.

What information do I need to provide Skills Fund? ▾

During the loan application process, we will ask you for the following information:

  • Full name
  • Address
  • Email and other contact information
  • Social Security Number
  • Date of birth
  • Loan amount requested
  • Three personal references
  • Cosigner information (if applicable)

Will you check my credit? ▾

Yes, we will check your credit, including your credit score.

Will I get charged any fees for taking out this loan? ▾

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. Please see terms at bottom of page.

How can I apply for a loan? ▾

You will be sent a link to apply for a Skills Fund loan following your acceptance to a Rithm immersive program. You can also access the application site here. Please note, you must be accepted into Rithm in order to apply for Skills Fund financing.

How do I know if I’ve been approved for a loan? ▾

Shortly after completing your loan application, you will receive a notification via email providing pre-approval details. Once Rithm certifies your participation in their program, and the specific loan amount requested, you will receive a second email confirming your loan is approved.

How and when will I repay my loan? ▾

You will start paying interest on your loans thirty days after we disburse funds to Rithm. Two months post-graduation, you will start making full monthly payments (interest + principal). We will provide you with several options for making payments, including automated payments.

How is my supplemental cost of living disbursed? ▾

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.

Can I pay my loan faster than the initial term? ▾

Yes, you can pre-pay your loan at any time without penalty.

What happens to my loan if I drop out from my program? ▾

You are responsible for the full amount you borrow, plus accrued interest and fees. If you are owed a refund by Rithm, 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 Rithm 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.

Who is Skills Fund? ▾

Skills Fund's goal is simple: Build the best financing tools for the best bootcamps and their students. Having constructed a team of leaders in student lending, higher education and consumer protection, Skills Fund applies a wide foundation of expertise to create a financing platform that is transparent, fast, and offers financial flexibility. Skills Fund believes bootcamps, lenders, and industry should share in student success - and that’s what we’re working daily to make happen. Read our Manifesto here.

How do I ask more questions not covered in this FAQs section? ▾

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!

Interest Rates

Skills Fund Loan 36 Month Loan 60 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 None, since interest payments are mandatory 30 days after the loan is disbursed
Payments Required While Enrolled? Yes, monthly interest payments 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 type Skills Fund loan:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
Annual Percentage Rate 11.08% (4) 12.48% (5)
Finance Charge (the dollar amount the credit will cost you) $2,372 (4) $4,136 (5)
Interest-Only Monthly Payment $78 (4) $95 (5)
Monthly Payment $331 (4) $226 (5)
  • (1) The 4.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $10,000 will result in a $400 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $10,400.
  • (2) Interest rates are fixed and never vary.
  • (3) Graduation dates are determined by the school, and full repayment begins 2 months after that date.
  • (4) Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 4.0% origination fee, paying interest on the loan for 4 months while enrolled in the program and 2 month of grace, then the 36 month principal and interest period.
  • (5) Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 4.0% origination fee, paying interest on the loan for 4 months while enrolled in the program and 2 month of grace, then the 60 month principal and interest period.