Frequently Asked Questions
How are MedSchoolCoach and Affirm related?
We have teamed up with Affirm to offer financing for our services. Affirm is a separate company that offers finacing options at rates of 10-30% APR. Provide some basic information and get a real time decision to split your purchase into 3, 6, or 12 monthly payments with rates from 10-30% APR
What is Affirm?
Affirm is the financial company for everyday people. Our mission is simple. Deliver honest financial products to improve lives. We strive to deliver affordable financing that is more flexible and transparent. Affirm loans are made by Cross River Bank and serviced through Affirm.
How does Affirm work?
Complete your Affirm loan application with some basic information. You will receive a real-time credit decision. If you are approved and accept the loan, Hackbright Academy will receive the funds directly and you will repay Affirm according to your final loan terms. It’s that easy.
What are the terms of my loan?
You can choose Affirm education loans with terms of 3, 6, or 12 months. Your first payment will be due in 1 month and you’ll have 3, 6, or 12 monthly payments after that. Annual Percentage Rates range from 10%-30%.
What fees are charged?
Affirm loans include only a single finance charge that’s incorporated into your monthly payments. We will always clearly state the cost of the finance charge in terms of real dollars ($) and an Annual Percentage Rate (APR) of interest. You will never be charged any compounding interest and there are no hidden fees of any sort. We strive to always provide transparent and fair financing.
How do I pay my monthly bills?
You can pay your Affirm bills by debit card or ACH transfer online at affirm.com/pay. We’ll send you a reminder by email and text message before any bill is due.
What is your cancellation and refund policy?
Cancellations and refunds are governed by MedSchoolCoach’s cancellation and refund policy.
When does my loan begin?
Your first payment will be due one month after your loan is processed. To view the status of your Affirm loan(s), please visit your Affirm account at www.affirm.com/account.
Can I pay off my loan early?
If you pay off your entire loan before the final due date, you will pay interest only for the period that you borrowed the money. Affirm rebates any unearned interest for the remaining loan period. This rebate will be reflected in your final pay-off amount. For example, if you pay off your entire loan 3 months early, then your final payment will be adjusted lower to rebate interest that would have been charged in the final 3 months.
What information is required to apply?
To apply for financing we require your name, mobile phone number, email, birthdate, last 4 digits of your social security number, and a LinkedIn account to help verify your identity.
Does Affirm perform a credit check?
Affirm performs a ‘soft’ credit check to verify your identity and quote your available loan rate. This ‘soft’ credit check will not affect your credit score.