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[av_heading heading=’Skills Fund’ tag=’h3′ style=’blockquote modern-quote modern-centered’ size=’60’ subheading_active=” subheading_size=’15’ padding=’30’ color=’custom-color-heading’ custom_font=’#ffffff’ custom_class=”][/av_heading]
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[av_heading tag=’h2′ padding=’10’ heading=’Tuition and Payment Options with Skills Fund’ color=” style=’blockquote modern-quote modern-centered’ custom_font=” size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading]
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- What can I finance? Students may finance their tuition and add on funds of up to $5000 to pay for living expenses.
- Do I make payments while enrolled? You don’t have to make any payments while enrolled. Defer all payments or make interest-only payments while enrolled until after the first two months of your job search. When you defer all payments, that means you pay nothing until after you graduate. Interest-only payments mean you will pay the interest down during enrollment to reduce repayment amounts upn completion of the program.
- How will I know my rate? No interest rate calculation required. Skills Fund offers one, low rate for all approved students. This is 8.99% for the 3-year loan and 10.99% for the 5-year loan.
- What size loan should I take out? For the Engineering Fellowship program, you are eligible to borrow between $2,000 and $21,570. You may use your loan proceeds for Hackbright’s tuition and to help pay for cost of living while enrolled in the program. Within the loan application, you will find two fields for financing: one for tuition and one for cost of living. Within each field, you are able to input the precise amount you would like to borrow. Students are required to take at least $2,000 in tuition financing in order to receive any cost of living financing.
- How will I know my monthly repayment? Use the Loan Calculator to see your monthly repayment before starting the loan application.
- When should I apply? 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.
- Questions or ready to apply? Once admitted, take 10 minutes to complete the loan application, and receive a credit decision within mins, at https://hackbrightacademy.skil
ls.fund. Please also feel free to contact our Admissions team, admissions@hackbrightacademy.com, at any time.
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[av_heading heading=’Eligibility – No Barriers Ahead’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=” subheading_size=’15’ padding=’20’ color=” custom_font=” custom_class=”][/av_heading]
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- As long as you have a score of 650 or better;
- Haven’t defaulted on a student loan nor filed for bankruptcy;
- You’ll most likely be approved for your Skills Fund loan.
- No income, employment, nor educational criteria is used in our approval process.
- Cosigner options are also available.
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