With college costs growing fast, it’s time to borrow smarter. The Career Training Smart Option Student Loan offers two repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal student loans.


    Interest Rate/Fees/In-school Repayment Options-Term:

    Variable interest rates from 4.50% APR to 11.64% APR.1

    No origination fees and no prepayment penalty.

    Choose affordable fixed payments of $25 a month2 or make full interest payments save even more.1

    Repayment Term: 5-15 years2. Repayment term will vary based on loan amount and year in school.

    Special Features/Benefits

    • Auto Debit Savings — 0.25 percentage point interest rate reduction for automatic debit enrollment.3
    • Smart Reward® — 2% cash back on scheduled payments made on time while in school.4
    • Quarterly FICO® Credit Scores are now available online for free — You can now view your quarterly FICO® Score by logging into your Sallie Mae® account. You’ll also receive access to the key factor(s) affecting your score and educational content to help you understand why viewing your FICO® Score is important. This free benefit is available to both borrowers and cosigners.5
    • Borrow up to 100% of your school-certified cost of attendance.6
    • Death and disability loan forgiveness. If a student borrower dies or becomes permanently and totally disabled, Sallie Mae will waive all remaining payments on the loan.
    • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. 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.7 Releasing the cosigner will not adversely impact the rate on your loan.

    Eligibility/Application Process:

    Available to students enrolled full time, half time, and less than half time.

    Student or cosigner can initiate the application process at It only takes about 15 minutes to apply online and get a credit result.

    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.

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