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Questions? Call us at 877-279-7172.

Our free college planning resources may help you find more ways to pay for college. Your school's financial aid office may also be able to help.

When savings, scholarships, and federal aid aren't enough, get the money you need to help pay for your certificate or trade school education. The "option" in Smart Option Student Loan means you can choose the repayment option that works best for you.

Get a variable interest rate

Variable interest rate:   
4.87% - 12.01% APR*

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A variable interest rate can rise or fall as the market index changes, so your career training loan payments may vary over time.

Choose how you'd like to pay it back

Interest repayment option

In school In grace After school Pay interest monthly Principal & interest

Pay interest every month you’re in school and in grace (six months after leaving school) and you can lower your total student loan cost more than with our fixed repayment option.*

Your career training loan payments will likely be larger while you’re in school and in grace than with our fixed repayment option.

Fixed repayment option

In school In grace After school $25 a month Principal & interest

Pay $25 every month** while you're in school and in grace for a budget-friendly way to help lower your total loan cost.*

Your total loan cost will be higher than with the interest repayment option, since unpaid interest will continue to be added to your loan at the end of your grace period.


* Interest rates for the Fixed Repayment Option are higher than interest rates for the Interest Repayment Option. You’re charged interest starting at disbursement, while in school and during your six-month separation or grace period. When you enter principal and interest repayment, Unpaid Interest will be added to your Current Principal. Variable rates may increase over the life of the loan. Advertised APRs assume a $10,000 loan to a borrower whose planned term for enrollment is approximately one academic year with no other Sallie Mae loans.

** This repayment example is based on a typical loan to a borrower (planning to be enrolled for approximately one academic year), who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements and a 12.01% APR. It works out to 15 payments of $25.00, 119 payments of $158.43 and one payment of $96.16, for a Total Loan Cost of $19,324.33. Variable rates may increase over the life of the loan.

Benefit from these Career Training Smart Option Student Loan features

Lower your total student loan cost—get a 0.25 percentage point interest rate reduction when you enroll in and make scheduled monthly payments by auto debit.

Pay no origination fee or penalty for paying off your student loan before its due date.

Borrow from $1,000 up to 100% of your school-certified cost of attendance.

Track your credit health with quarterly FICO® Credit Scores available online for free to you and your cosigner.

A cosigner may help you qualify

You may have a better chance of approval if a parent, relative, or other creditworthy individual cosigns for your career training student loan.

Consider a cosigner


Questions? Need help applying?

Call us at 877-279-7172

Encouraging Responsible Borrowing
Sallie Mae has helped more than 34 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, and federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.

This information is for borrowers attending non-degree-granting institutions only. You must be attending or have attended a participating school located in the U.S. during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Either the borrower or cosigner (not both) must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the Current Amount Due is successfully deducted from the designated bank account each month and is suspended during forbearances and certain deferments.

Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount.

Borrowers and cosigners may receive their FICO® Score quarterly after the first disbursement of their loan. FICO® Scores are delivered only to borrowers and cosigners who have an available score, are based on data from TransUnion, and may be different from other credit scores. This benefit may change or end in the future. FICO® is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

Career Training Smart Option Student Loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 10/25/2016.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.