Please select the Skills Fund loan that works best for you.
To see your estimated monthly payments following graduation, please enter the amount you would like to borrow below (please note this calculator is for full-time programs).
Please note: Supplemental cost of living can only be added to max tuition financing for full-time programs. Students must pay the deposit directly to CodeCraft.
For CodeCraft full-time programs, you may borrow from $2,000 up to $13,000 (tuition - deposit + cost of living),
for part-time programs from $2,000 up to $9,500 (tuition - deposit)
|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)|
|Capitalization of Interest||None, since interest payments are mandatory 30 days after the loan is disbursed|
|Payments Required While Enrolled?||-Interest-only type loans: monthly interest payments are required.
-Non-deferred type loans: full payments (interest + principal) 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 Skills Fund loan:
|Example on a $10,000 loan||36 Month Loan||60 Month Loan|
|Annual Percentage Rate||10.00% (4)||11.58% (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)|
This example shows the monthly payments of a $9,500 non-deferred Skills Fund loan:
|Example on a $9,500 loan||36 Month Loan||60 Month Loan|
|Annual Percentage Rate||10.52% (3)||11.78% (4)|
|Finance Charge (the dollar amount the credit will cost you)||$1,618 (3)||$3,116 (4)|
|Interest-Only Monthly Payment||Not applicable (3)||Not applicable (4)|
|Monthly Payment||$309 (3)||$210 (4)|
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.
By clicking the box below and beginning the application, I consent under Federal and state privacy laws to CodeCraft 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.