Financing Options

Career Training Loans

The SLM Financial Career Training Loan has been designed specifically to help you finance your education or training and offers hundreds of dollars in savings over other financing options. It can be used for technical training programs to cover the total cost of education and certain related expenses.

The loan is geared to your success and we've made it easy to get approved. The process is fast, and acceptance rates are high - about 70%. You could be approved in as little as 30 seconds if you Apply Online . (Enter School Code 600289, Contact Name J. Allen)

The primary features of the program are explained below. If, after reading through them, you still have questions, call Sallie Mae at (877) 834-9853.

Borrower eligibility: You must be a U.S. citizen, a U.S. national, or a permanent resident, and you must be creditworthy. You may be enrolled full, half-time or less than half-time. If you have no credit or a poor credit history, you may still qualify for a loan by applying with a creditworthy co-borrower. Loan limits: The minimum amount is $1,000 and you can borrow up to the total cost of the education less other financial aid received.

Interest rates and fees: Interest rates are variable (annually) and based on the Prime Rate plus a spread. Your interest rate spread is determined by your and your co-borrower's (if you use a co-borrower) credit history. The interest rates start at Prime +1% with fees as low as 2% for borrowers with excellent credit.

Repayment term: Repayment begins 30 days after disbursement. The standard term is 15 years with minimum payments set at $30 a month per loan. You have the option of making interest-only payments while in school and there are no pre-payment penalties. After 6 consecutive payments, you may apply for up to two deferred payments a year. Final approval is at the discretion of SLM Financial Corporation.

Co-borrower Release Option: Once you make 24 consecutive, on-time payments and meet the minimum co-borrower release credit requirements, you may apply to release your co-borrower.

Annual Percentage Rate (APR) Example: If a borrower received a loan for $7,000, incurred a loan fee of 4.36% (including processing fee), and the loan maintained a constant variable rate of 14% during the 15-year repayment period, then the borrower's APR would be 14.86% and the monthly payment would be $97.29 for 180 months. The actual APR may increase over time.

To apply: Click here to Apply Online for a Sallie Mae Education Loan. You could be qualified in as little as 30 seconds! Select SerView as the school, located in Utah.
Enter Contact Name J. Allen and School Code 600289. Or, Download an application (28k) or call (877) 834-9853 for more information.