Your last step on a path to changing YOUR CAREER

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Program-Specific Financing Options

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Affordable Monthly Payments

THE SAME LOW RATE FOR ALL

Click your program below to find your honest & upfront rate, even if you opt to add a cosigner.

SELECT YOUR PAYMENT & LOAN TERMS:

FULL-TIME PROGRAM (ON-CAMPUS & REMOTE)

  • Borrow up to $12,000 for tuition and $4,000 for cost of living
  • Make low interest-only payments for the first 5 months
  • Starting at month 6, you'll begin full repayment

Now, let's calculate your full monthly repayment (interest + principal):

Please enter a number between 2000 and 16000 without punctuation

Students may borrow $2000 to $16000.

36-Month Fixed Rate
at 8.99% Interest Rate
11.16% APR*
$ 330.67 /mo
or
60-Month Fixed Rate
at 10.99% Interest Rate
12.51% APR*
$ 226.07 /mo

*The Annual Percentage Rate (APR) is estimated and may change slightly based on program start date. To learn how an Annual Percentage Rate (APR) is calculated, visit our blog.

PART-TIME PROGRAM (REMOTE)

  • Borrow up to $7,500 for tuition
  • Make low interest-only payments while in program + two months after, or start making full monthly payments (interest + principal) roughly one month after loan disbursement

Now, let's calculate your full monthly repayment (interest + principal):

Please enter a number between 2,000 and 7,500 without punctuation

Students may borrow $2,000 to $7,500

36-Month Fixed Rate
at 8.99% Interest Rate
at 11.69% APR*
$ 248.00 /mo
or
60-Month Fixed Rate
at 10.99% Interest Rate
at 12.71% APR*
$ 169.55 /mo

*The Annual Percentage Rate (APR) is estimated and may change slightly based on program start date. To learn how an Annual Percentage Rate (APR) is calculated, visit our blog.

MORE INFO ON TERMS

Skills Fund Loan 36 Month 60 Month
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% interest rate, 10.87%-11.69% estimated APR
Fixed
10.99% interest rate, 12.38%-12.71% estimated APR
Capitalization of Interest Interest-Only Loans: Interest not capitalized unless payments not made.
Immediate Repayment Loans: Interest not capitalized unless payments not made.
Payments Required While Enrolled? Interest-Only Loans: Monthly interest payments are required.
Immediate Repayment Loans: Yes, full payments (interest + principal) are mandatory roughly one month after loan is disbursed.
Grace Period Two-month period after the in-school period, following official program completion, and before interest and principal repayment begins. (3)
Interest-Only Loans: Interest-only payments are required while in school and in the grace period.
Immediate Repayment Loans: None, full repayments start roughly one month after loan is disbursed.
Post-Grace Period Interest-Only Loans: Full repayments (principal and interest) are required.
Immediate Repayment Loans: Full repayments (principal and interest) are required.
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 Bottega's Full-Time Program:

Example on a $10,000 loan 36 Month 60 Month
Annual Percentage Rate 11.16% (4) 12.51% (5)
Finance Charge (the dollar amount the credit will cost you) $2,293.64 (4) $4,040.39 (5)
Interest-Only Monthly Payment $77.91 (4) $95.25 (5)
Full Monthly (Principal and Interest) Payment $330.67 (4) $226.07 (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) Program completion dates are determined by the school, and full repayment begins two months after that date.
  • (4) Annual Percentage Rate (APR): Finance charge and monthly payments are estimated based upon borrowing $10,000, a 4.0% origination fee, paying interest on the loan for three months while enrolled in the program and for a two-month grace period, then the 36-month principal and interest period.
  • (5) Annual Percentage Rate (APR): Finance charge and monthly payments are estimated based upon borrowing $10,000, a 4.0% origination fee, paying interest on the loan for three months while enrolled in the program and for a two-month grace period, then the 60-month principal and interest period.

This example shows the monthly payments of a $7,500 interest-only Skills Fund loan for Bottega's Part-Time Program:

Example on a $7,500 loan 36 Month 60 Month
Annual Percentage Rate 10.87% (4) 12.38% (5)
Finance Charge (the dollar amount the credit will cost you) $1,953.97 (4) $3,316.04 (5)
Interest-Only Monthly Payment $58.44 (4) $71.44 (5)
Full Monthly (Principal and Interest) Payment $248.00 (4) $169.55 (5)
  • (1) The 4.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $7,500 will result in a $300 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $7,800.
  • (2) Interest rates are fixed and never vary.
  • (3) Program completion dates are determined by the school, and full repayment begins two months after that date.
  • (4) Annual Percentage Rate (APR): Finance charge and monthly payments are estimated based upon borrowing $7,500, a 4.0% origination fee, paying interest on the loan for seven months while enrolled in the program and for a two-month grace period, then the 36-month principal and interest period.
  • (5) Annual Percentage Rate (APR): Finance charge and monthly payments are estimated based upon borrowing $7,500, a 4.0% origination fee, paying interest on the loan for seven months while enrolled in the program and for a two-month grace period, then the 60-month principal and interest period.

This example shows the monthly payments of a $7,500 immediate repayment Skills Fund loan for Bottega's Part-Time Program:

Example on a $7,500 loan 36 Month 60 Month
Annual Percentage Rate 11.69% (3) 12.71% (4)
Finance Charge (the dollar amount the credit will cost you) $1,428.06 (3) $2,673.12 (4)
Full Monthly (Principal and Interest) Payment $248.00 (3) $169.55 (4)
  • (1) The 4.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $7,500 will result in a $300 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $7,800.
  • (2) Interest rates are fixed and never vary.
  • (3) Annual Percentage Rate (APR): Finance charge and monthly payments are estimated based upon borrowing $7,500, a 4.0% origination fee, and the 36-month principal and interest period.
  • (4) Annual Percentage Rate (APR): Finance charge and monthly payments are estimated based upon borrowing $7,500, a 4.0% origination fee, and the 60-month principal and interest period.

QUALIFYING FOR SKILLS FUND FINANCING

Our underwriting reflects an investment in your future success. Skills Fund does not use current income nor employment history in your credit decision, and you may qualify for a Skills Fund loan if you meet the basic underwriting criteria, including:

  • You are a U.S. citizen or permanent resident (Green Card holder)
  • No bankruptcies or history of default on a public or private loan

Worried about your credit health? You may either add a cosigner to begin your loan application, or following credit denial, you may be given the opportunity to add a cosigner. You may also qualify for our Access Loan program. Read more on Access Loans here and in our FAQs.

All approved students are given the same low rate - with or without a cosigner.

TAKE 10 MINUTES & APPLY




ATTENTION REMOTE APPLICANTS: When entering "Applicant Information" within your loan application, please select Utah (UT) as "the state of the school you plan to attend."

If you are a cosigner, begin the addendum now by clicking here.

Before you begin, please read these important notes:

  • Customer identification policy:
  • For the purpose of the following notice, the words "you" and "your" mean the Borrower and the Cosigner. All applicants: Important Federal Law Notice - Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
  • Consent to share data:
  • By clicking the box below and beginning the application, I consent under Federal and state privacy laws to Bottega providing to Skills Fund information related to my application, enrollment, and completion, including but not limited to information contained in my original application and supplements as well as information regarding my completion, graduation, and post-graduation outcomes information.

While in the application, please note:

  • DO NOT use the browser Back button. Using the browser Back button may cause invalid information and delay the processing of your loan.
  • Your application will not be complete until it has been signed and submitted along with any required documentation.
  • You will need the address and phone number of 3 references to complete your application, including one relative not living with you. Others may be friends, employers, etc.

FREQUENTLY ASKED QUESTIONS

HOW MUCH CAN I BORROW AND FOR WHAT SPECIFIC USES?

For Bottega's Full-Time Program, you may borrow from $2,000 to $12,000 for tuition. You may also borrow up to $4,000 for cost of living.

For Bottega's Part-Time Program, you may borrow from $2,000 to $7,500 for tuition. Cost of living is not available for part-time programs.

Please note: In order to finance cost of living, borrow at least $2,000 in tuition financing.

TELL ME ABOUT THE SKILLS FUND & BOTTEGA ACCESS PROGRAM

Bottega & Skills Fund are proud to offer a new take on financing; one in which capable students have no barriers to professional opportunity and success. Students credit denied for a traditional Skills Fund loan may be eligible for the Skills Fund & Bottega Access Program.

How It Works:

Within 48 hours of receiving a credit denial, Skills Fund will email you with details of your Access Loan eligibility. Please note: Not all students will be eligible for an Access Loan.

Loan Terms Include:

Same interest rates, fees, and loan duration as a traditional Skills Fund loan, for which you already applied. Cost of living financing is not available for Access Loans.

Ease of Access:

You do not need to reapply to qualify for an Access Loan. Simply respond to the Skills Fund email sent within 48 hours of your credit denial or email CustomerTrust@Skills.Fund.

WHEN WILL I RECEIVE MY LIVING STIPEND?

Your lump sum living stipend will be sent to you on the second Wednesday after your program start. You can elect to have your cost of living disbursed via electronic funds transfer or mailed directly to the address provided in their loan application.

Please allow 1 - 5 business days for your electronic funds transfer to be reflected in your bank account. For all students who elect to have funds mailed to their address, please allow 5 - 10 business days for your check to arrive via U.S. Standard Mail.

HOW AND WHEN WILL I REPAY MY LOAN?

For Bottega's Full-Time Program:

  • Interest-Only Loan: You will start paying interest on your loan roughly one month after your loan is disbursed to the school. Disbursement occurs on the second Wednesday after program start. You will make interest-only payments while in program for three months and for 60 days following program completion.

For Bottega's Part-Time Program:

  • Interest-Only Loan: You will start paying interest on your loan roughly one month after your loan is disbursed to the school. Disbursement occurs on the second Wednesday after program start. You will make interest-only payments while in program for seven months and for 60 days following program completion.
  • Immediate Repayment Loan: Start making full monthly repayments (interest plus principal) roughly one month after your loan is disbursed to the school. Disbursement occurs on the second Wednesday after program start.

Upon loan acceptance, we will provide you with several options for making payments, including automated payments. You may create an account at AspireServicingCenter.com at any time to manage payments and account balance.

WHAT IS THE DEFERMENT PERIOD?

The deferment period is defined as the time you are attending the course, plus an additional two months after completion. These additional two months are considered your repayment grace period.

Interest-only payments are required during the deferment period. After the deferment period ends, payments of interest and principal are required. Paying interest on your loan during the deferment period will result in lower interest + principal payments during the full loan repayment phase of 36 or 60 months.

Please note: Immediate repayment loans do not have a deferment period. Full monthly payments begin roughly one month after your program's start date.

HOW MUCH ARE INTEREST PAYMENTS DURING THE DEFERMENT PERIOD?

The interest-only payments depend on how much you borrow: the less you borrow, the less you will pay.

For Bottega's Full-Time Program:

  • For a 36-month $12,000 loan: The interest rate is fixed at 8.99% / 11.16% estimated APR. The interest-only monthly payment is approximately $93.50.
  • For a 60-month $12,000 loan: The interest rate is fixed at 10.99% / 12.51% estimated APR. The interest-only monthly payment is approximately $114.30.

For Bottega's Part-Time Program:

  • For a 36-month $7,500 loan: The interest rate is fixed at 8.99% / 10.87% estimated APR. The interest-only monthly payment is approximately $58.44.
  • For a 60-month $7,500 loan: The interest rate is fixed at 10.99% / 12.38% estimated APR. The interest-only monthly payment is approximately $71.44.

Please see terms in "More Info On Terms" above.

Please note: The Annual Percentage Rate (APR) is estimated and may change slightly based on program start date. To learn how an Annual Percentage Rate (APR) is calculated, visit our blog.

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 is included in the total loan principal amount you finance. This fee helps cover the administrative fees associated with originating the loan and is charged by our partner bank. Please see terms in "More Info on Terms" above.

Please note: This fee is already reflected in the APR outlined above and in the loan calculator. Interested in learning more about your interest rate vs. APR? Check out our blog post here.

I AM APPLYING FOR A SCHOLARSHIP. SHOULD I WAIT TO APPLY FOR FINANCING?

You may apply for financing in parallel to applying for your scholarship. If you are awarded your scholarship prior to the disbursement of your tuition financing, please email CustomerTrust@Skills.Fund or notify your Admissions Counselor with the amount of your scholarship, and your tuition will be downward adjusted.

Should you receive your scholarship following the second Wednesday after program start, you can apply your funds to your loan balance at any time without a pre-payment penalty.

Please note: Should you want to apply for a scholarship, it is recommended to apply for max tuition financing, and once your scholarship is awarded, Skills Fund can downward adjust your requested tuition financing. This will prevent you having to apply for additional funds, should you not be awarded your scholarship, as loans may not be upward adjusted.

DO I NEED A COSIGNER?

If you do not meet the loan underwriting criteria, a cosigner may be needed. You can (1) apply individually, and should you not be approved, you may be given the opportunity to amend your application with a cosigner, or (2) initiate your loan process with a cosigner.

Please note: We advise you to apply individually to begin, and should you not be credit approved, you may be given the opportunity to amend your application with a cosigner.

WHEN CAN I APPLY FOR A LOAN?

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.

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
  • U.S. Citizenship/Permanent Resident Status
  • Current Income (not a factor in credit decision)
  • Current Employment Status (not a factor in credit decision)
  • Three personal references
  • Cosigner information (if applicable)

WILL YOU CHECK MY CREDIT?

Yes. When you apply we will check your credit, including your credit score. Interested in learning more about what goes into your credit score? Visit our blog and explore our credit history resources today.

For other general questions about Skills Fund financing, please visit our Resource Center.

CONTACT US