ONE CLICK TO SECURE FINANCING & ENROLL AT TK2 ACADEMY

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Finance The Full Cost Of Tuition

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Clearly Defined Interest Rates

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10-Minute Application + Credit Decision

FLEXIBLE FINANCING OPTIONS

  • Borrow from $2,000 up to $10,000 for TK2 Academy's tuition.
  • Make low interest payments while in program + 2 months after with an Interest-Only Loan, or get your loan balance behind you by making full payments (interest + principal) starting roughly one month into your program with an Immediate Repayment Loan.

MONTHLY REPAYMENT CALCULATOR

Enter the amount you'd like to borrow:

Please enter a number between 2,000 and 10,000 without punctuation

For TK2 Academy, students may borrow from $2,000 to $10,000

36-Month Term
at 8.99% Interest Rate
11.08% General APR*
$ 330.67 /mo
or
60-Month Term
at 10.99% Interest Rate
12.48% General APR*
$ 226.07 /mo

*General APR - General Annual Percentage Rate. The APR shown is a general calculation based upon an example loan amount, 4.0% origination fee, and a 19-week program. An actual APR calculation is based upon an individual borrower's specific details, so it may deviate slightly from the general APR example provided above.

HERE'S HOW WE GET YOU APPROVED

We believe in you, so we do not use income or employment history in our credit decision. Here's what will get you approved:

  • U.S. citizen or permanent resident (green card holder)
  • A fair credit score or better
  • No history of loan default or bankruptcy

Don't check the credit history boxes? Add a cosigner and secure the same low rate.

MORE INFO ON TERMS

HERE'S WHAT YOU NEED TO KNOW

  • You must borrow a minimum of $2,000 in tuition.
  • Scholarships may be applied to financing at any time - just let us know!
  • You'll pay the deposit directly to TK2 Academy.
  • Your cohort start date must be within 90 days of the day you apply for a loan.
  • Questions? Please email CustomerTrust@Skills.Fund
Skills Fund Loan 36 Month Loan 60 Month Loan
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%
Fixed
10.99%
Capitalization of Interest Interest-Only Type Loans: No interest will be capitalized.
Immediate Repayment Type Loans: 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.
Immediate Repayment Type Loans: Yes, full payments (interest + principal) are mandatory 30 days after the loan is disbursed.
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.
Immediate Repayment Type Loans: None, full repayments start one month into program.
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
General Annual Percentage Rate 11.08% (4) 12.48% (5)
Finance Charge (the dollar amount the credit will cost you) $2,372 (4) $4,136 (5)
Interest-Only Monthly Payment $78 (4) $95 (5)
Monthly Payment $331 (4) $226 (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) 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 4.0% origination fee, paying interest on the loan for 4 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 4.0% origination fee, paying interest on the loan for 4 months while enrolled in the program and 2 months of grace, then the 60-month principal and interest period.

This example shows the monthly payments of a $10,000 Immediate Repayment type Skills Fund loan:

Example on a $10,000 loan 36 Month Loan 60 Month Loan
General Annual Percentage Rate 11.69% (4) 12.71% (5)
Finance Charge (the dollar amount the credit will cost you) $1,904 (4) $3,564 (5)
Monthly Payment $331 (4) $226 (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) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 4.0% origination fee, and paying interest and principal on the loan starting one month after your program start date.
  • (4) General Annual Percentage Rate (APR): finance charge and monthly payments are based upon borrowing $10,000, a 4.0% origination fee, and paying interest and principal on the loan starting one month after your program start date.

TAKE 10 MINUTES & APPLY

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 TK2 Academy 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.

SELECT YOUR TK2 ACADEMY PROGRAM

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

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 TK2 Academy's Web Development Program, you may borrow from $2,000 to $10,000 for tuition.

HOW AND WHEN WILL I REPAY MY LOAN?

For an Interest-Only loan, you will start paying interest on your loan roughly one month after your loan is disbursed to the school (which occurs on the 2nd Wednesday after program start). You will start making full monthly payments (interest plus principal) two months after graduation. This 60-day grace period helps you to keep your eye on finding the right job following program completion.

For an Immediate Repayment loan, you will start making full monthly payments (interest plus principal) roughly one month after your loan is disbursed to the school (which occurs on the 2nd 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 www.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 principal and interest are required.

Please note: Immediate Repayment loans do not have a deferment period. Full monthly payments begin roughly one month after your loan is disbursed.

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 a 36-month $10,000 loan, the Interest-Only monthly payment is approximately $78. For a 60-month $10,000 loan, the Interest-Only monthly payment is approximately $95.

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 general APR outlined above and in the loan calculator. Interested in learning more about your interest rate vs. APR? Check out our blog post here.

WILL YOU CHECK MY CREDIT?

Yes, we will check your credit, including your credit score.

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

CONTACT US

  • Questions on your loan application?
  • Email CustomerTrust@Skills.Fund