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A Partnership For Your Success

  • Tuition and supplemental cost of living financing available for full-time programs

  • Tuition financing available for part-time programs

  • One low, fixed interest rate for 3- and 5-year loans

  • No teaser rates nor cosigner trickery

  • No income, employment, nor educational criteria used in underwriting

  • Cosigner options available (only if you need them!)

  • No prepayment penalties // full repayment grace period

  • Calculate your monthly payments before starting your loan application

Choose What Works For You

Full-time students can borrow between $2,000 and $14,000 ($10,000 tuition - $1,000 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 8.99% 11.25% $78 $331
$10,000 (Interest-Only Type) 60 10.99% 12.55% $95 $226

Part-time students can borrow between $2,000 and $11,000 ($12,000 tuition - $1,000 deposit). Make full repayments 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 part-time programs.

Loan Amount (Examples) Term (Months) Interest Rate General APR* Monthly Payments
$10,000 36 8.99% 11.69% $331
$10,000 60 10.99% 12.71% $226

*General APR = Annual Percentage Rate. General APR shown on a 8-week program. The APR that is charged for borrowing includes a 4.0% origination fee.

How It Works

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Apply before or after your acceptance into one of Ironhack's full-time or part-time programs.

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Ease of application: Less than ten minutes to complete your online loan application. Receive provisional credit approval within minutes.

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Skills Fund disburses your tuition financing directly to Ironhack once you start your program. Your supplemental cost of living will be sent directly to you two weeks after program start.

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Full-time students: full loan payments (principal + interest) start two months after you graduate. Part-time students: full loan payments start one month into program.

Ready to move forward on financing? Select your program below:

Frequently Asked Questions

Do I qualify for a Skills Fund loan? ▾

We’ve worked with Ironhack 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.

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

You may borrow up to $14,000 to pay for Ironhack's full-time program ($9,000 for tuition and get up to an additional $5,000 to pay for Cost of Attendance/living expenses).

For part-time programs, you may borrow up to $11,000, and may only use your loan proceeds to pay for Ironhack's tuition.

Please note: Supplemental cost of living can only be added to full-time 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.

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. This fee helps cover the administrative fees associated with originating the loan and charged by our partner bank. 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 an Ironhack full-time or part-time program. Please note, you may apply for financing before or after your acceptance to an Ironhack program.

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 approval details. Once Ironhack 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? ▾

For full-time programs, you will start making interest-only payments a month after your Ironhack program starts. For part-time programs, you will start making full monthly payments (interest + principal) a month after your Ironhack program starts. 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 prepay 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. If you are owed a refund by Ironhack, 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 Ironhack 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 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.

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
8.99%
Fixed
10.99%
Capitalization of Interest Interest-Only Type Loans: No interest will be capitalized.
For Non-Deferred Loans: None, since interest payments are mandatory 30 days after the loan is disbursed.
Payments Required While Enrolled? For Interest-Only Type Loans: Monthly interest payments are required while in program and for 2 months following graduation (3).
For Non-Deferred Loans: Yes, full monthly payments are required one month into program.
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 Ironhack program:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
General Annual Percentage Rate 11.25% (4) 12.55% (5)
Finance Charge (the dollar amount the credit will cost you) $2,216 (4) $3,945 (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.
  • (3) General 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 2 months while enrolled in the program and 2 months of grace, then the 36 month principal and interest period.
  • (4) General 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 2 months while enrolled in the program and 2 months of grace, then the 60 month principal and interest period.