Variable rates:
4.37% APR
11.76% APR1
Fixed rates:
6.62% APR
13.83% APR1
Lowest rates shown include the auto debit discount. Only the most credit-worthy applicants who choose the interest repayment option may receive the lowest rate.

Get the money you need, plus features that can help make your education possible

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100% coverage

Pay for all your school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop.2

icon zero 0 percent dark blue with coral accent. no origination fee or prepayment penalty
No origination fee or prepayment penalty

Pay as early and as much as you'd like with no penalty.3

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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

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.

Learn about how much to borrow

Understand your interest rate and repayment options

Smaller version of graphic showing fixed vs variable rates over time

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.

graphic total loan cost

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

Light blue number one.

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

Light blue number two.

Choose your repayment option

After you’re approved, pick the interest rate and repayment option that suits your budget.

Blue number three.

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

Learn more about FICO® Scores

Have questions or need help applying?


Call us at

Didn't find what you were looking for?

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 loan is for students at participating non-degree-granting schools. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1.  Interest is charged starting when funds are sent to the school. With the Fixed Repayment Option, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments are required during the grace/separation period based on the repayment option selected. 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. 

2. 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.

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

4. The borrower or cosigner must enroll in auto debit through Sallie Mae, to receive a 0.25 percentage point interest rate reduction benefit. This 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. It may be suspended during forbearance or deferment, if available for the loan.

5. Examples of typical transactions for a $10,000 Career Training Smart Option Student Loan with the most common variable rate, fixed repayment option, 15-month in-school and separation period, and two disbursements: For a borrower with no prior loans, it works out to a 9.56% variable APR, 15 payments of $25.00, 119 payments of $139.27 and one payment of $101.91, for a total loan cost of $17,050.04. For a borrower with $20,000 in prior loans, it works out to a 9.57% variable APR, 15 payments of $25.00, 179 payments of $112.60 and one payment of $51.97, for a total loan cost of $20,582.37. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. Variable rates may increase over the life of the loan.

6. Based on a comparison of approval rates for Career Training Smart Option Student Loan borrowers who applied with a cosigner versus without a cosigner from May 1, 2020 through April 30, 2021.

7. Borrowers and cosigners with an available FICO® Score and a Sallie Mae-serviced 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. 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.

Sallie Mae loans are made by Sallie Mae Bank.

Information advertised valid as of 5/13/2022.