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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.

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Features that can help you make your education happen



of your school-certified cost of attendance


origination fee

and no penalty for paying ahead


percentage point interest rate reduction

when you enroll in and make payments by auto debit

Get a variable interest rate

Lowest rates shown include the auto debit discount

Variable rates:   
6.49% - 13.83% APR

A variable interest rate can rise or fall as the market index changes, so your 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 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 the interest rate may be higher and unpaid interest will continue to be added to your loan at the end of your grace period.

Benefit from these Career Training Smart Option Student Loan features

Lower your total loan cost—get a 0.25 percentage point interest rate reduction when you enroll in and make 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 student loan.

Consider a cosigner

College was the flame I needed to get my life cooking. I attended culinary school to follow my dream, my passion, my heart.

Kayla C., customer

Applying online is easy

is about all it takes to apply and get
a credit result.

of customers would recommend our online loan application process.

Source: Sallie Mae online loan application surveys, July 2016 – June 2017.

Questions? Need help applying?

Call us at 877-279-7172

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Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

This information is for students attending participating non-degree-granting schools. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

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, during your separation/grace period, and until the loan is paid in full. The repayment option that is selected will apply during the in-school and separation/grace periods. 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 variable rates reflect the starting range of rates and may vary outside of that range 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.

Loan amount cannot exceed the cost of attendance less financial aid received as certified by the school. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half time.

Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

Borrower or cosigner 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 or Designated Amount is successfully withdrawn from the authorized bank account each month. This benefit may be suspended during periods of forbearance or deferment, if available for the loan.

This repayment example is based on a typical Career Training Smart Option Student Loan made 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 13.83% variable APR. It works out to 15 payments of $25.00, 119 payments of $173.86 and one payment of $86.55, for a Total Loan Cost of $21,150.89. Variable rates may increase over the life of the loan.

Based on a comparison of approval rates for Career Training Sallie Mae Smart Option Student Loans for students who applied with a cosigner versus without a cosigner during a rolling 12-month period from October 1, 2017 through September 30, 2018.

Borrowers and cosigners who have an available FICO® Score and a Sallie Mae loan with a current balance greater than $0, may receive their score quarterly after the first disbursement of their loan. The FICO® Score provided to you is the FICO® Score 8 based on TransUnion data, and is the same score that Sallie Mae uses, along with other information, to manage your account. FICO® Scores and associated educational content are provided solely for your own non-commercial personal review, use and benefit. 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 4/25/2019.