Finance The Full Cost of Tuition
Affordable Monthly Payment Options
Here it is - your honest & upfront rate: 8.99% & 10.99% for all (including you), even if you opt to add a cosigner.
Now that you know your rate, let's calculate your monthly payment:
Students may borrow from $2,000 to $6,000
|Skills Fund Loan||36 Month Loan||60 Month Loan|
|Cosigners||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, since full payments are mandatory 30 days after the loan is disbursed.|
|Payments Required While Enrolled?||Yes. Full (interest + principal) payments are required 30 days after program start.|
|Separation Period (after the in-school period and before interest and principal repayment begins)||There is no separation period. Immediate Repayment loans require full payments starting 30 days after program start.|
|Principal and Interest Repayment Term||36 months (3 years)||60 months (5 years)|
This example shows the monthly payments of a $6,000 Immediate Repayment type Skills Fund loan:
|Example on a $6,000 loan||36 Month Loan||60 Month Loan|
|General Annual Percentage Rate||11.69% (4)||12.71% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$1,142 (4)||$2,139 (5)|
|Monthly Payment||$198 (4)||$136 (5)|
We believe in you & your future, so we do not use income or employment history in our credit decision. Here's what will get you approved:
U.S. citizen or permanent resident (green card holder)
Don't check the credit history boxes? Add a cosigner and secure the same low rate.
Before you begin, please read these important notes:
While in the application, please note:
For 4Geeks Academy, you may borrow from $2,000 to $6,000 for tuition.
You will start making full monthly payments (interest plus principal) roughly one-and-a-half months after your 4Geeks Academy program start date.
Upon loan acceptance, we will provide you with several options for making payments, including automated payments. You may create an account at www.studentloan.org at any time to manage payments and account balance.
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.