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: Supplemental cost of living can only be added to max tuition financing. Students must pay the deposit directly to V School.
$2,000 up to $17,800 (tuition - deposit + living stipend)
|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)|
|Capitalization of Interest||None, since interest payments are mandatory 30 days after the loan is disbursed|
|Payments Required While Enrolled?||Yes, monthly interest payments only|
|Separation Period (after the in-school period and before interest and principal repayment begins)||Two months after official graduation (3)
Note: interest-only payments required while enrolled
|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 an eligible V School program:
|Example on a $10,000 loan||36 Month Loan||60 Month Loan|
|General Annual Percentage Rate||11.16% (4)||12.51% (5)|
|Finance Charge (the dollar amount the credit will cost you)||$2,294 (4)||$4,040 (5)|
|Monthly Payment||$331 (4)||$226 (5)|
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 V School 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.