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  Skills Fund

Skills Fund

in Private Student Loans from Skills Fund

Unaffiliated

Skills Fund

Unaffiliated

in Private Student Loans from Skills Fund

SuperMoney Net Recommendation Score -14% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

3 users recommend
0 users are unsure
4 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Fixed APR 8.75% - 12.51%
Variable APR N/A
Loan Amount N/A
Number of Reviews 7

Skills Fund Review

Skills Fund is a private student loan offering by Skills Fund, a marketplace lender based in Austin, TX. Founded in 2015, Skills Fund 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.

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Contact

  • Headquarters
  •   600 Congress Avenue
    Ste. 1400
    Austin, TX 78701 USA

Message from Skills Fund

Skills Fund is a provider of student loans and other financing tools to bootcamps and their students. As you may know, bootcamps are fast-track vocational schools for graduates who want to prepare themselves for specialized in-demand jobs. Unlike other online lenders that offer all types of commercial and business loans, Skills Fund only provides student loans for accelerated learning programs and does so by marketing its platform to the institutions that run the bootcamps.

About Skills Fund

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Late Payment (Days) 2
Cosigner Optional  
Credit Score Range 600 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Loan Term (Years) 3 - 5
Fixed APR 8.75% - 12.51%
Up to Cost of Attendance  

Skills Fund Community Reviews

 
 

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