One click to start your transformative software engineering training!

  • Finance your tuition + cost of living
  • 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

Borrow between $2,000 and $21,320 ($16,320 tuition + $5,000 cost of living). Make interest-only payments while in program and for two months following graduation. Example loans and estimated payments can be found below. Please see full terms at the bottom of the page.

Please note: Supplemental cost of living may 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 8.49% 10.18% $73 $325
$10,000 (Interest-Only Type) 60 10.49% 11.65% $90 $221

*General APR = Annual Percentage Rate. General APR shown on a 10-week program. The general APR that is charged for borrowing includes a 3.0% origination fee.

How It Works


Get accepted to Hackbright Academy's Engineering Fellowship program.


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


Skills Fund disburses your tuition and supplemental cost of living financing directly to Hackbright Academy once you start your program.


Full repayment grace period: Your full loan payments will start two months after you graduate.

Already Accepted to Hackbright Academy?

Frequently Asked Questions

Do I qualify for a Skills Fund loan? ▾

We’ve worked with Hackbright Academy to provide as many of their students as possible with access to competitive financing. As long as you meet the underwriting criteria, such as no recent bankruptcies or no history of default on a public or private loan, then you'll most likely qualify for a Skills Fund loan.

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

For the Engineering Fellowship program, you are eligible to borrow between $2,000 and $21,320. You may use your loan proceeds for Hackbright's tuition and to help pay for cost of living while enrolled in the program.

Please note: Supplemental cost of living can only be added to max tuition financing.

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. Interest-only type loans: These loans require interest payments during the deferment period. This means lower payments during the full loan repayment phase of 36 or 60 months.

How much are interest payments during the deferment period? ▾

Interest-only type loans: They require the payment of interest on a monthly basis during the deferment period. These payments ensure that no interest will be capitalized into your borrowed principal at the beginning of the 36- or 60-month full repayment phase. Interest-only payment amounts depend on the amount borrowed and the term of the loan. For a $10,000, 60-month loan, for example, these payments equal $90/mo.

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.

Please note: we advise you to apply individually to begin, and should you not be credit approved, you may amend your application 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 3.0%. This amount will be added to the amount of tuition you borrow, and included in the total loan principal amount you finance. See terms at bottom of page.

How can I apply for a loan? ▾

You will be provided a link to apply for a Skills Fund loan after you have been admitted to a Hackbright Academy program. You can also access the application site here. Please note: only accepted students can apply for a Skills Fund loan.

How do I know if I’ve been approved for a loan? ▾

Shortly after completing your loan application, you will receive credit approval details via a pop-up window in the application. If you are credit approved, your loan will then be certified by Hackbright Academy. If you are not credit approved, you may amend your application with a cosigner.

How and when will I repay my loan? ▾

For interest-only type loans: You will start paying interest on your loans thirty days after we disburse funds to Hackbright Academy. Two months post-graduation, you will start making full monthly payments (interest plus principal). 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 Hackbright Academy 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 plus accrued interest and fees. If you are owed a refund by Hackbright Academy, 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 Hackbright Academy 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. Learn more 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 3.0% of loan requested (1)
Interest Rate(2) Fixed
Capitalization of Interest -Interest-only type loans: no interest will be capitalized.
Payments Required While Enrolled? -Interest-only type loans: monthly interest payments are required.
Separation Period (after the in-school period and before interest and principal repayment begins) Two months after official graduation (3)
Note: interest-only type loans require interest-only payments while in school and during the separation period.
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 Type Skills Fund loan:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
Annual Percentage Rate 10.18% (4) 11.65% (5)
Finance Charge (the dollar amount the credit will cost you) $1,995 (4) $3,640 (5)
Interest-Only Monthly Payment $73 (4) $90 (5)
Monthly Payment $325 (4) $221 (5)
  • (1) The 3.0% origination fee is assessed to all loans, and is added to the principal request, so for example, requesting $10,000 will result in a $300 origination fee that will be added to your loan balance and increase the amount you will accrue interest against to $10,300.
  • (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.
  • (4) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 3.0% 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.
  • (5) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 3.0% origination fee, paying interest on the loan for 2 months while enrolled in the program and 2 month of grace, then the 60 month principal and interest period.