Eligibility

• You must be a U.S. citizen or permanent resident and have an established credit history.
• The institution you are attending must be licensed or accredited by the department of education in the states where they do business.

Features

• The Career Training Loan has interest rates that reward good credit.
• You may borrow for both tuition and other education-related expenses.
• You get the convenience of combined billing for all of your Sallie Mae-serviced loans.
  
• Creditworthy borrowers may request a cosigner release after making the first 24 consecutive, on-time monthly payments of principal and interest as initially scheduled.¹
• There is no prepayment penalty.
• 24/7 online account management.

Loan terms

Loan limits

There is no aggregate loan limit.

Interest rate

• Manage your credit well and you may qualify for a lower interest rate.
• The Career Training Loan has interest rates that reward good credit. Interest rates are variable and reset monthly.

Repayment

• With the standard repayment option, you make level, monthly payments of principal and interest. The minimum monthly payment is $30.
• With the interest-only repayment option, you make interest-only payments while you are in school and begin standard repayment of principal and interest once school is completed.
• With the $10 deferred repayment option, you may defer payments for up to 12 months, not to exceed the anticipated graduation date on the application. You are required to make a $10 monthly payment during deferment. This $10 payment will be applied toward the interest that accrues on the account during deferment. After deferment, you will begin standard repayment of principal and interest.

Another way to help pay down your loan

With Upromise Loan Link^SM student and parent borrowers who join Upromise^® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae-serviced student loans. Visit www.salliemae.com/upromise to learn more and enroll today.

Legal

Career Training Loans are funded by Sallie Mae Bank^® or a Sallie Mae lender partner. Career Training Loans are made by state or federally chartered financial institutions and are sold after full disbursement to a Sallie Mae company.

1 The account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS.

Subject to the above, Career Training Loan information applies to loan applications received on or after June 22, 2008 and is subject to change.

Upromise is not limited to Sallie Mae loan customers.

Sallie Mae and Sallie Mae Bank are registered service marks of Sallie Mae, Inc. SLM Financial Corporation is a registered service mark and Career Training Loan is a service mark of SLM Financial Corporation. Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc.