Fund your future

Skills Fund helps Thinkful students pay tuition. We offer simple, straightforward loans and monthly payment plans. You deserve a valuable education, and we think financing it should be easy.

START MY APPLICATION
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Select your program

I will be attending a…

Pay for your program

Deferred Tuition Loan

Make no payments until you receive a qualifying job offer.

See example

Get started

With a Deferred Tuition Loan combined with the Thinkful Tuition Refund Guarantee, you won't make payments until you receive an offer for a qualifying position making at least $40,000 annually or $3,333/month pre-tax for 3 months or more. Once you receive a qualifying job/contract offer, you'll begin making full (interest + principal) payments. If you do not receive a qualifying offer within six months of completing your program and you meet the requirements of the Thinkful Tuition Refund Guarantee, your loan will be canceled and you will owe nothing.

How the Deferred Tuition Loan Works

deffered-payment

*Can enter forbearance for up to an additional 6 months if needed

Skills Loan

Choose a simple, flexible repayment schedule.

See example

Get started

Loans built with you in mind

interest-only

Interest-Only Repayment

Make interest-only payments in school and for three months after.

See example
interest-only

Immediate Repayment

Start making full payments about one month after your program starts.

See example

Pay for your program

Skills Loan

Choose a simple, flexible repayment schedule.

Get started

Loans built with you in mind

interest-only

Interest-Only Repayment

Make interest-only payments in school and for three months after.

See example
interest-only

Immediate Repayment

Make full payments beginning about one month after graduating.

See example

Start your loan application

Apply for tuition for your program.

Program

Select

Data Analytics Flex

Data Analytics Immersion

Data Science Flex

Data Science Immersion

Digital Marketing Flex

Digital Marketing Immersion

Engineering Flex

Engineering Immersion

Product Management Flex

Technical Project Management Flex

Technical Project Management Immersion

UX/UI Design Flex

UX/UI Design Immersion

Important notes about this application +

Before you begin, please read these important notes:

CUSTOMER IDENTIFICATION POLICY:

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.

CONSENT TO SHARE:

By clicking the box below and beginning the application, I consent under Federal and state privacy laws to NIMAA 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-program outcomes information.

WHILE IN THE APPLICATION, PLEASE NOTE:

1. DO NOT use the browser Back button. Using the browser Back button may cause invalid information and delay the processing of your loan.

2. Your application will not be complete until it has been signed and submitted along with any required documentation.

3. You will need the address and phone number of 3 references to complete your application, including one relative not living with you. Others may be friends, employers, etc.

Borrow exactly what you need

Finance your tuition at Thinkful. Select your program to view available loan options.

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Thinkful Data Analytics Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $4,950.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $4,950 loan with interest-only repayment, 8.87% estimated APR, 11 interest-only monthly payments of $28.15, followed by 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $4,950 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $4,950 loan with deferred tuition loan repayment, 12.13% estimated APR, no payments while in school/grace for 14 months, followed by 36 full monthly payments of $189.63. See high/low rates and repayment examples.

Thinkful Data Analytics Immersion

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $13,600.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $13,600 loan with interest-only repayment, 8.95% estimated APR, 7 interest-only monthly payments of $77.35, followed by 36 full monthly payments of $437.67. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $13,600 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $437.67. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Thinkful Data Science Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $7,800.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $7,800 loan with interest-only repayment, 8.58% estimated APR, 11 interest-only monthly payments of $44.36, followed by 36 full monthly payments of $251.02. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $7,800 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $251.02. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $7,800 loan with deferred tuition loan repayment, 12.13% estimated APR, no payments while in school/grace for 14 months, followed by 36 full monthly payments of $298.80. See high/low rates and repayment examples.

Thinkful Data Science Immersion

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $20,000.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $20,000 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $113.75, followed by 36 full monthly payments of $643.63. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $20,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $643.63. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Thinkful Digital Marketing Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $4,950.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $4,950 loan with interest-only repayment, 9.05% estimated APR, 6 interest-only monthly payments of $28.15, followed by 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $4,950 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $4,950 loan with deferred tuition loan repayment, 12.61% estimated APR, no payments while in school/grace for 9 months, followed by 36 full monthly payments of $182.23. See high/low rates and repayment examples.

Thinkful Digital Marketing Immersion

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $8,300.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $8,300 loan with interest-only repayment, 9.26% estimated APR, 4 interest-only monthly payments of $47.21, followed by 36 full monthly payments of $267.11. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $8,300 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $267.11. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Thinkful Engineering Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $7,800.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $7,800 loan with interest-only repayment, 8.64% estimated APR, 11 interest-only monthly payments of $44.36, followed by 36 full monthly payments of $251.02. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $7,800 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $251.02. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $7,800 loan with deferred tuition loan repayment, 12.13% estimated APR, no payments while in school/grace for 14 months, followed by 36 full monthly payments of $298.80. See high/low rates and repayment examples.

Thinkful Engineering Immersion

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $17,600.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $17,600 loan with interest-only repayment, 8.95% estimated APR, 7 interest-only monthly payments of $100.10, followed by 36 full monthly payments of $566.39. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $17,600 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $566.39. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Thinkful Product Management Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $4,950.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $4,950 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $28.15, followed by 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $4,950 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $4,950 loan with deferred tuition loan repayment, 12.41% estimated APR, no payments while in school/grace for 11 months, followed by 36 full monthly payments of $185.19. See high/low rates and repayment examples.

Thinkful Technical Project Management Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $4,950.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $4,950 loan with interest-only repayment, 8.95% estimated APR, 7 interest-only monthly payments of $28.15, followed by 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $4,950 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $159.30. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $4,950 loan with deferred tuition loan repayment, 12.51% estimated APR, no payments while in school/grace for 10 months, followed by 36 full monthly payments of $183.71. See high/low rates and repayment examples.

Thinkful Technical Project Management Immersion

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $10,000.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $10,000 loan with interest-only repayment, 9.05% estimated APR, 6 interest-only monthly payments of $56.88, followed by 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $10,000 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $321.81. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Thinkful UX/UI Design Flex

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $7,800.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $7,800 loan with interest-only repayment, 8.64% estimated APR, 11 interest-only monthly payments of $44.36, followed by 36 full monthly payments of $251.02. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $7,800 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $251.02. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Deferred Tuition Loan Repayment

36 Months

This example shows no monthly payments while in school and for a 6 month grace period after completion, then full repayment for 36 months post-school.

Example assumes a $7,800 loan with deferred tuition loan repayment, 12.13% estimated APR, no payments while in school/grace for 14 months, followed by 36 full monthly payments of $298.80. See high/low rates and repayment examples.

Thinkful UX/UI Design Immersion

HOW MUCH CAN I BORROW FOR TUITION?

From $2,000 up to $13,500.

WHAT WILL MY LOAN PAYMENTS BE?

See below for example loan options and payments.

Skills Loan Interest-Only Repayment

36 Months

This example shows interest-only payments while in school and for a 3 month grace period after completion, followed by 36 full monthly payments.

Example assumes a $13,500 loan with interest-only repayment, 8.87% estimated APR, 8 interest-only monthly payments of $76.78, followed by 36 full monthly payments of $434.45. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Skills Loan Immediate Repayment

36 Months

This example shows immediate repayment about one month after the student begins their program making full (interest + principal) payments for 36 months.

Example assumes a $13,500 loan with immediate repayment. 9.82% estimated APR, 36 full monthly payments of $434.45. APR is for well-qualified borrowers; terms & APR depend on credit & program. See high/low rates and repayment examples.

Frequently asked loan questions

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Can I add a cosigner?

Yes, you can add a cosigner to your loan. There are two ways to qualify for a Skills Fund loan: on your own, or with a cosigner. Depending upon your credit health, a cosigner might be required. Cosigners may strengthen your application’s overall credit health. In some scenarios, adding a cosigner may reduce your interest rate and lower your payments. If you’re concerned about your eligibility for a Skills Fund loan, consider adding a cosigner with strong credit health. Additionally, a student who is not a U.S. citizen or U.S. permanent resident or has Deferred Action for Childhood Arrival (DACA) status may apply with a creditworthy cosigner who is a U.S. citizen or U.S. permanent resident.

We’ve made this process easy. You can choose to add a cosigner before you submit your loan application, or may be given the option to add a cosigner after you apply.

If you’d like to add a cosigner when you apply, you can select this option in the application. If your cosigner is with you, they can start their portion of the application right away. If not, we’ll send them an email asking them to complete their part. Your cosigner’s portion of the application will look very similar to yours.

We’ll keep you and your cosigner updated on the status of your application throughout the process. You’ll receive an email or a notification in the application if you or your cosigner have any required steps to take.

What is the loan’s origination fee?

You will be charged an origination fee of 5.0%. This will be added to the amount you borrow and is included in the total loan principal amount you finance. It helps cover the administrative fees associated with originating the loan. It is the only fee charged for taking out this loan, and it affects your loan’s Annual Percentage Rate. See repayment examples

What is my loan’s interest rate?

Interest-Only and Immediate Repayment:

Interest Rates: 6.50% - 13.75% depending on credit score

Annual Percentage Rate: 8.64% - 17.21%

See examples

Deferred Tuition Loan:

Interest Rate: 10.5% for all approved borrowers

Annual Percentage Rate: 12.13% - 13.38% depending on when the student begins repayment

See examples

Are payments required while I am in school?

Interest-Only Loans: Monthly interest payments are required.

Immediate Repayment Loans: Yes, full payments (interest + principal) are mandatory roughly one month after your program starts.

Deferred Tuition Loans: No, payments are not required in school.

What is the repayment term for both the loan principal and interest?

Once you’ve begun full repayment (after the grace and/or interest only period), your loan term will be 36 months. See example

How and when will I repay my loan?

You have several options, including automated payments! After you apply for a loan, we’ll help you set up your repayment account. You’ll make your first payment about one month after your program starts (interest-only & immediate repayment) or up to a year after your program ends (deferred tuition loans).

You’ll make monthly payments until your loan is fully repaid, and we’re happy to say there’s no prepayment penalty or fee for early payments on Skills Fund loans. You can choose to pay the minimum monthly payment, or you can make larger payments. You have the flexibility to pay off your loan anytime before your loan term ends!

Skills Fund offers three repayment options.

  • Interest-only loans allow you to hold on to more of your savings during your training. You’ll start making low, interest-only payments about one month after your program starts and continue those payments for three months after the program ends. After this interest-only period, you’ll start making full payments (interest + principal).
  • Immediate repayment loans allow you to quickly get started on repayment. You’ll start making full payments about one month after your program starts.
  • Deferred Tuition loans allow you to defer repayment for up to a year after you complete your program, or when you receive a qualifying job offer (as determined by the Thinkful Tuition Refund Guarantee).

Aspire and Launch are the loan servicers for Skills Fund’s loans. This means Aspire or Launch will collect your monthly payments during the repayment phase of your loan. All loans applied for on or before June 9th, 2019 will be serviced by Aspire. All loans applied for on or after June 10th, 2019 will be serviced by Launch.

Need to pay your loan? Have a question about repayment on an existing loan?

Will my loan be refunded if I don’t get a job?

Thinkful offers a refund policy in certain situations. Please refer to the Thinkful Tuition Refund Guarantee.

For the Deferred Tuition Loan, if you meet the requirements of the Thinkful Tuition Refund Guarantee and do not find a qualifying job within six months, your loan will be cancelled and you will owe nothing. If you do not meet the requirements of the Thinkful Tuition Refund Guarantee and do not find a qualifying job within six months, you may continue to defer payments on a monthly basis for another six months with your loan servicer. If after one year you still do not have a qualifying job offer, you will begin repayment one year after completing your program.

What if I don’t complete my program?

For Interest-Only or Immediate Repayment loans, you will immediately begin making full (interest + principal) payments when you withdraw from your program.

For the Deferred Tuition Loan, you will have a 3 month grace period after withdrawing from your program before you begin making payments.

What is the difference between a Deferred Tuition Loan and a Skills Loan?

With a Skills Loan, you’ll begin repayment on a predetermined date. You can choose whether to make full payments once you start your program, or make interest-only payments while you study and for a 3-month grace period after you graduate. Also, the interest rate for this option varies depending on your credit profile, and the Annual Percentage Rate range is between 8.64% and 17.21%.

With a Deferred Tuition Loan combined with the Thinkful Tuition Refund Guarantee, you won't make payments until you receive an offer for a qualifying position making at least $40,000 annually or $3,333/month pre-tax for 3 months or more. Once you receive a qualifying job/contract offer, you'll begin making full (interest + principal) payments. If you do not receive a qualifying offer within six months of completing your program and you meet the requirements of the Thinkful Tuition Refund Guarantee, your loan will be canceled and you will owe nothing.

See repayment examples for a Skills Loan and a Deferred Tuition Loan
Will I qualify for a Skills Fund loan?

Qualification depends on credit profile. Applicants must be U.S. citizens or permanent residents with established credit history & no outstanding education loan defaults. You can also choose to add a cosigner, which can help strengthen your application’s credit health or meet U.S. citizenship requirements. Minimum credit requirements may vary by school and loan term. To see if you pre-qualify for a Skills Fund loan, submit an application. In the pre-qualification process, we’ll conduct a soft credit check with no impact to your credit score. In addition to learning more about your eligibility, you can also see the rates and terms you pre-qualify for.

What is Richland State Bank and how is it related to Skills Fund?

Richland State Bank, member FDIC, is the lender for all Skills Fund loans.

I have more questions, who can I ask?

Our Customer Trust team is here to help. For any additional questions, please complete the General Inquiry Form.

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