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Career Training Smart Option Student 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.1

Savings and choice2

  • Interest Repayment Option. Pay interest while in school and have a shorter repayment period after school.
  • Fixed Repayment Option. Pay just $253 a month while in school and have a shorter repayment period after school.

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.

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.

Interest rates

  • Variable interest rates from 4.50% APR to 11.64% APR.2
  • 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.5


  • 0% Disbursement fees

Loan limits

  • Borrow up to 100% of your school-certified cost of attendance.

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.


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Call us at (877) 279-7172(877) 279-7172

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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 may help lower your interest rate - and give you a better chance of approval.

Cosigner release available
After graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements.

Learn more


Loan Repayment Calculator


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.

This information is for borrowers attending non degree-granting institutions only. You must attend a participating school or have attended one in an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower who is attending or has attended a school located in the U.S. applying 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.

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. The maximum loan amount is $75,000.

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

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 and a 11.64% variable APR: 15 payments of $25.00, 119 payments of $155.45 and one payment of $98.00, for a total paid of $18,971.55. Variable rates may increase after consummation.

4 Primary borrower must enroll in Upromise to be eligible to 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 to learn more. Upromise accounts are not FDIC insured, carry no bank guarantee and may lose value.

5 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 borrower's monthly payment amount is successfully deducted from the designated bank account and is suspended during forbearances and certain deferments.

6 The release of a cosigner is at the sole discretion of Sallie Mae. Only the borrower may apply for cosigner release. The borrower must provide proof of graduation or successful completion of certification program, not be delinquent and have made 12 consecutive on-time payments of principal and interest immediately before applying, provide proof of income, pass a credit review that demonstrates a satisfactory credit history and the ability to assume full responsibility of the loan(s) individually, have no student loan(s) in default, must not be reported as 90+ days delinquent in the past 24 months, must not be in hardship forbearance and/or in a modified repayment program, be a U.S. citizen or permanent resident, and meet the age of majority in their state. Requirements are as of October 13, 2014, and are subject to change.

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

Information advertised valid as of 9/25/2015.


Sallie Mae, Career Training Smart Option Student Loan, Smart Reward, and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.

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