SKILLS FUND IS NO LONGER PARTNERED WITH GROWTHX ACADEMY
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.
You will start paying interest on your loan roughly one month after your GrowthX Academy program start date. Two months post-graduation, you will start making full monthly payments (interest plus principal). This 60-day grace period helps you to keep your eye on finding the perfect job post-graduation.
There is no prepayment penalty with a Skills Fund loan.
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.
HAVE YOU EVER STOPPED WORKING WITH A SCHOOL?
Yes, several of them. While we’re mindful of the fact that Skills Fund isn't a government regulator or an accreditor, we commit to doing our absolute best to ensure we're only partnering with schools that deliver a tangible Return On Education. (That’s our way of saying you get your money’s worth and can start a better future.)
Despite our diligent efforts, sometimes we're just not a fit - culturally or operationally. Other times, we have concerns that a school will not be able to deliver on the promises they’ve made to students.
For this reason, our quality assurance efforts are continuous and never ending. We’re always checking up on our partners. We believe every student deserves their maximum Return On Education, and we're committed to making it happen for students from across the country.
CAN I PAY OFF MY LOAN FASTER THAN THE INITIAL TERM?
Yes, you can pre-pay your loan at any time without penalty.
WHO IS ASPIRE RESOURCES AND HOW IS IT RELATED TO SKILLS FUND?
Aspire Resources Inc. is a wholly owned, for-profit subsidiary of Skills Fund's non-profit partner, Iowa Student Loan.
Aspire Resources Inc. provides customer service on behalf of Skills Fund, and Aspire's logo will be seen within communications specific to your Skills Fund loan.
What happens to my loan if I drop out from my program?
Regarding your tuition: You are responsible for the full amount you borrow, plus accrued interest and fees. If you are owed a refund by GrowthX 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 GrowthX 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.
Regarding your cost of living: You are responsible for returning these funds to Skills Fund. 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.
- Questions about your Skills Fund loan?
- Please contact CustomerTrust@Skills.Fund or fill out the form below.