THE NEW YORK CODE + DESIGN ACADEMY IS NOT CURRENTLY ACCEPTING APPLICATIONS
Learn how to make payments on your loan - Create an account at AspireServicingCenter.com.
FREQUENTLY ASKED QUESTIONS
How and when will I repay my loan?
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.
Interest-Only Loans: 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 and for 60 days following program completion.
You will start making full monthly payments (interest plus principal) after your two-month grace period ends. This 60-day payment grace period helps you to keep your eye on finding the right job following program completion.
There is no prepayment penalty with a Skills Fund loan.
What is the deferment period for interest-only loans?
The deferment period is defined as the time you are attending the course, plus an additional two months after program completion. These additional two months are considered your 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.
- Questions about your Skills Fund loan?
- Please contact CustomerTrust@Skills.Fund or fill out the form below.