in Private Student Loans from Skills Fund
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Where does Skills Fund do business?
Skills Fund is a marketplace lender based in Austin, TX. It was founded in 2015 and offers student loans in 50 states (and Washington, DC).
What rates does Skills Fund offer for in-school private student loan?
It offers a fixed APR that ranges from 8.75% up to 12.51%.
Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.
How much can you borrow from Skills Fund?
Available loan amounts may vary by applicant.
Does Skills Fund charge an origination fee?
Yes, Skills Fund charges a loan origination fee..
Does Skills Fund charge prepayment fees?
Yes, Skills Fund charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What terms does Skills Fund offer?
Skills Fund provides repayment terms ranging from 3 to 5 years.
What type of borrowers will Skills Fund consider?
Skills Fund considers loans applications from:
- undergraduate students
- graduate students
What do you need to qualify for a loan with Skills Fund?
Applicants with a credit score of at least 600 can apply for a loan via Skills Fund.
Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.
Only U.S. citizens and permanent residents can apply for a loan.
600 Congress Avenue
Austin, TX 78701 USA
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About Skills Fund
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia