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Career Training Smart Option Student Loan®

 
  • Competitive variable interest rates 
  • Get up to 100% of your school-certified cost of attendance (minimum $1,000).1

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A cosigner can really pay off


A cosigner can help you qualify

If a parent or other creditworthy individual cosigns the loan with you, it can help lower your interest rate - and give you a better chance of approval.

Easier cosigner release
You can apply to release your cosigner after you graduate and make 12 consecutive, on-time principal and interest payments.


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Call us at 877-279-7172

A cosigner can really pay off

A cosigner can help you qualify
If a parent or other creditworthy individual cosigns the loan with you, it can help lower your interest rate - and give you a better chance of approval.

Easier cosigner release
You can apply to release your cosigner after you graduate and make 12 consecutive, on-time principal and interest payments.

Learn more

Encouraging Responsible Borrowing

Sallie Mae has helped more than 30 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, 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.

 
 

The simple and smart career training loan

Choosing our Career Training Smart Option Student Loan® offers various financial and educational benefits, including competitive interest rates, a choice of repayment options, and rewards for paying your loan on time while in school. Plus, you can borrow up to 100% of your school-certified cost of attendance (minimum $1,000).1

Savings and Choice
  • Interest Repayment Option. Pay interest while in school and have a shorter repayment period after school and you can save an average of 30% on your total loan cost compared to a 15 year term deferred private student loan.
  • Fixed Repayment Option. Pay just $25 a month while in school and have a shorter repayment period after school and you can save an average of 25% on your total loan cost compared to a 15 year term deferred private student loan.
Competitive Variable Interest Rates
  • No prepayment penalties.
Get the money you need for school
  • Borrow up to 100% of your school-certified cost of attendance (minimum $1,000).
Earn rewards for paying on time
  • Get a Smart Reward® in your Upromise® account of 2% of your scheduled monthly payments that are made on time while in school, with the Interest or Fixed Repayment Options.
  • Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.
Encouraging Responsible Borrowing

Sallie Mae has helped more than 30 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, 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.

Interest Rates
  • Variable interest rates from 7.99% APR to 13.62% APR.6
  • 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.5
Fees
  • Disbursement fees of % to %.
Loan Limits
  • Borrow up to 100% of your school-certified cost of attendance (minimum $1,000).
Repayment Terms
  • Choose the repayment option that works for you while you are in school—pay just $25 a month, or pay only the interest on your loan.
  • Full principal and interest payments begin six months after you leave school for all repayment plans.
  • No prepayment penalty, regardless of the repayment plan you choose.
Encouraging Responsible Borrowing

Sallie Mae has helped more than 30 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, 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.

Get Started  

Choose Your Repayment Plan

Interest Repayment Option. Pay interest while in school and have a shorter repayment period after school and you can save an average of 30% on your total loan cost compared to a 15 year term deferred private student loan.2

Fixed Repayment Option. Pay just $253 a month while in school6 and have a shorter repayment period after school and you can save an average of 25% on your total loan cost compared to a 15 year term deferred private student loan.2

Competitive Variable Interest Rates

No prepayment penalties.

Get the money you need for school

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

Rewards for paying on time

Get a Smart Reward® in your Upromise® account of 2% of your scheduled monthly payments that are made on time while in school, with the Interest or Fixed Repayment Options.4

Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.5

Interest Rates

Variable interest rates from 7.99% APR to 13.62% APR.6

0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit. 5

Fees

Disbursement fees of 0.00% to 5.00%.

Loan Limits

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

Repayment Terms

Choose the repayment option that works for you while you are in school—pay just $253 a month6, or pay only the interest on your loan.

Full principal and interest payments begin six months after you leave school for all repayment plans.

No prepayment penalty, regardless of the repayment plan you choose.

Get Started  

 
 

This information is for borrowers attending non-degree-granting institutions only. Credit criteria and eligibility requirements apply.

1 As certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified. Requested amounts exceeding $99,999 may require multiple loans.

2 Savings based on typical loan to a borrower whose planned term for enrollment is approximately one academic year. Compared to a traditional private student loan with deferred payments and a 15-year repayment term.

3 This informational repayment example uses typical loan terms available to a borrower whose planned term for enrollment is approximately one academic year who elects the fixed repayment option and has a $10,000.00 loan with two disbursements, a 5% disbursement fee, and a 12.62% variable APR: 15 payments of $25, 119 payments of $163.48 and one payment of $102.64, for a total paid of $19,931.76. Variable rates may increase after consummation.

4 Primary borrower can earn a reward into his or her active Upromise account of 2% of the scheduled loan payment amount for each on-time payment during the in-school and separation periods. Loan payments must remain current to be eligible for the reward. The Smart Reward Benefit and Upromise membership are subject to the terms and conditions of the Upromise service, as may be amended from time to time. Terms and conditions apply to the Upromise service. Participating companies, contribution levels and terms and conditions are subject to change at any time without notice. Go to upromise.com to learn more. Upromise accounts are not FDIC insured, carry no bank guarantee and may lose value.

5 The rate reduction benefit applies only if the recurring payment is successfully deducted from the designated account and is suspended during forbearances and certain deferments. For multi-party loans, only one party may enroll in auto debit.

6 Interest rates for the Fixed Repayment Option are higher than loans with the Interest Repayment Option. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6 month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance.

7 Only the borrower may apply for cosigner release. The borrower must provide proof of successful completion of school, be a U.S. citizen or permanent resident, be current and have made 12 consecutive on-time payments of principal and interest immediately before applying, and pass a credit check including income verification when the release request is processed.

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

Information advertised valid as of 3/25/2014.

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.

The Sallie Mae logo, Sallie Mae, Sallie Mae Bank, Career Training Smart Option Student Loan and Smart Reward are registered service marks of Sallie Mae, Inc.

Upromise and the Upromise logo are registered service marks of Upromise, Inc.