Tuition + Living Expense Financing


Clearly Defined Interest Rates


Ease of Application + Credit Review

Empowered Decisions

No teaser rates, cosigner trickery, or barriers ahead. Expect clear-cut and upfront loan terms to jump start your transformative journey.


Calculate Your Monthly Payment Now


No Income or Employment Data Used in Underwriting


Only Pay Interest for the First 6 Months


  • Total Tuition: $24,000
  • Cash Deposit: $3,000 (not eligible for financing)
  • Cost of Living: $6,000

Only finance what you need: $2,000 to $27,000

Make interest-only payments in program and for two months following graduation. Example loan amounts and estimated payments can be found below.

Please note: Cost of living may only be added to max tuition financing.


Select a repayment amount that works best for you:

Please enter a number between 2,000 and 27,000 without punctuation

For Rithm School, students may borrow from $2,000 to $27,000

36-Month Term
at 8.99% Interest Rate
11.08% APR
$ 330.67 /mo
60-Month Term
at 10.99% Interest Rate
12.48% APR
$ 226.07 /mo

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


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 only
Separation Period (after the in-school period and before interest and principal repayment begins) Two months after official graduation (3)
Note: interest-only payments required while enrolled
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 months 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 months of grace, then the 60 month principal and interest period.

The Skills Fund Promise



    This is all we do: we only finance students to attend the best bootcamps out there.



    We perform extensive due diligence on all programs to ensure quality of student experience. We proudly tell you every school we work with - front and center.



    Your interest rate is clear cut -from the start - and there's truthful clarity in everything from our marketing practices through our loan terms.



    You've got enough on your plate - who needs surprises at the end of your financing experience? Connect the dots and use our loan calculator to understand your monthly repayments before you start your loan application.



    Unlike our competitors, we believe you should be empowered to secure a low rate on your own - without any obstacles. Add a cosigner only if you need it.


Before you begin, please read these important notes:

  • Customer identification policy:
  • For the purpose of the following notice, the words "you" and "your" mean the Borrower and the Cosigner. All applicants: Important Federal Law Notice - Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
  • Consent to share data:
  • By clicking the box below and beginning the application, I consent under Federal and state privacy laws to Rithm School providing to Skills Fund information related to my application, enrollment, and completion, including but not limited to information contained in my original application and supplements as well as information regarding my completion, graduation, and post-graduation outcomes information.


If you are a cosigner begin the addendum now by clicking here.

While in the application, please note:

  • DO NOT use the browser Back button. Using the browser Back button may cause invalid information and delay the processing of your loan.
  • Your application will not be complete until it has been signed and submitted along with any required documentation.
  • You will need the address and phone number of 3 references to complete your application, including one relative not living with you. Others may be friends, employers, etc.


Do I qualify for a Skills Fund loan?

We’ve worked closely with Rithm 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 recent bankruptcies or history of default on a public or private loan, you'll most likely qualify for a Skills Fund loan.


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 School'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.


Your lump sum cost of living will be sent directly to Rithm School 10-14 days after your program start date.

Please note: Supplemental cost of living can only be added to max tuition financing. Anything above your tuition (less $3,000 deposit) will be considered cost of living and disbursed directly to you. Cost of living cannot be financed separate from tuition.

What is the deferment period?

The deferment period is defined as the time you are attending the course, plus an additional two months after completion. These additional two months are considered your repayment grace period.

Interest only payments are required during the deferment period. After the deferment period ends, payments of principal and interest are required.

How much are interest payments during the deferment period?

For a 36-month $20,000 loan, the interest only monthly payment is approximately $156. For a 60-month $20,000 loan, the interest only monthly payment is approximately $190.

Note that even though the 60-month loan has higher interest payments during the deferment phase, it has lower monthly payments during the 60 months full repayment phase than the 36-month loan. Please see terms in "More Info On Terms" above.

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 be given the opportunity to 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)

When can I apply for a loan?

Apply for the loan after your acceptance into a program. Your program cohort must begin within 90 days of the date that you apply for a loan.

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. 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.

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

Shortly after completing your loan application, you will receive provisional credit approval details via a confirmation window in the application. If you are credit approved, your loan will then be certified by Rithm School. If you are not credit approved, you may be given the opportunity to amend your application with a cosigner.

How and when will I repay my loan?

You will start paying interest on your loan roughly one month after your Rithm School program start date.

Two months post-graduation, you will start making full monthly payments (interest plus principal). This 60-day grace period helps you to keep your eye on finding the perfect job post-graduation.

Upon loan acceptance, we will provide you with several options for making payments, including automated payments. You may create an account at at any time to manage payments and account balance.

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?

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

Regarding your cost of living: You are responsible for returning these funds to Skills Fund. 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 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.

Who is Southeast Bank and how is it related to Skills Fund?

Southeast Bank is a Tennessee-chartered bank, and is the lender for all Skills Fund loans.

Who is Aspire Resources Inc. and how is it related to Skills Fund?

Aspire Resources is a wholly owned subsidiary of Skills Fund's non-profit partner, Iowa Student Loan. Aspire Resources provides billing and customer service on behalf of Skills Fund, thus your payment notices and other loan communications will arrive with Aspire's logo on them (it's not junk mail!).

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!


  • Questions on your Skills Fund Student Application?
  • Call us at (855) 757 - 6081, Monday - Friday, 9:00am - 5:30pm EST