You can apply only once and get the money you need for the entire school year. Funds will be sent for each term as requested by your school.
Career Training Smart Option Student Loan®
100% coverage
Pay for all your school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop.2
No origination fee or prepayment penalty
Pay as early and as much as you'd like with no penalty.3
Cost-saving features
Lower your interest rate when you choose the interest repayment option, plus get a 0.25 percentage point interest rate reduction when paying by auto debit.4
Tip for borrowers
Understand your interest rate and repayment options
Variable rates: 4.37% – 11.76% APR1
A variable interest rate can rise or fall as the market index changes, so your loan payments may vary over time.
Fixed rates: 6.62% – 13.83% APR1
Get predictable monthly payments with a rate that doesn't change over time. You may pay more for your total loan cost because a fixed interest rate is usually higher than a starting variable interest rate.
Pay a little
Fixed repayment option: Pay $25 every month5 while you're in school and in grace for a budget-friendly way to help lower your total loan cost.1 Your total loan cost will likely be higher than with the interest repayment option because the interest rate is higher and unpaid interest is added to the principal amount at the end of the grace period.
Pay interest and save even more
Interest repayment option: 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.1 Your loan payments will likely be larger while you're in school and in grace than with our fixed repayment option.
Applying is easy
Provide some basic info
Give some details about yourself and your school. Consider adding a cosigner: Students are 4X more likely to be approved when a parent, relative, or other creditworthy individual cosigns for your student loan.6
Choose your repayment option
After you’re approved, pick the interest rate and repayment option that suits your budget.
Accept your loan
Review, sign, and accept your loan documents; we’ll take care of the rest with your school.
Tip for borrowers
A career training student loan can help you build credit, and we'll help you track it with free access to your FICO Scores, updated quarterly.7
Have questions or need help applying?