HOW MUCH CAN I BORROW AND FOR WHAT SPECIFIC USES?

For Bloc's Designer or Web Developer Track, you may borrow from $2,000 to $15,000 for tuition.

HOW AND WHEN WILL I REPAY MY LOAN?

For 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 start making full monthly payments (interest plus principal) after your two-month post-graduation repayment grace period ends. This 60-day grace period helps you to keep your eye on finding the right job following program completion.

For Immediate Repayment Loans:

  • You will start making full monthly payments (interest plus principal) roughly one month after your loan is disbursed to the school. Disbursement occurs on the second 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.studentloan.org at any time to manage payments and account balance.

WHAT IS THE DEFERMENT PERIOD?

The deferment period only refers to the interest-only loan types. Interest-only payments depend on how much you borrow: the less you borrow, the less you will pay.

For a 36-month $8,500 loan, the interest-only monthly payment is approximately $66. For a 60-month $8,500 loan, the interest-only monthly payment is approximately $81.

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.