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Questions? Call us at 877-279-7172.

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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Variable rates:

4.12% APR

to 11.52% APR

Fixed rates:

6.62% APR

to 13.83% APR

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

100% coverage

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

No origination fee or prepayment penalty

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

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.

Understand your interest rate and repayment options

Select a variable or fixed interest rate

Variable rates: 4.12% – 11.52% APR

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% APR

Get predictable monthly payments with a rate that doesn’t change over time.

More about fixed rates VLess about fixed rates ^

You may pay more for your total loan cost because a fixed interest rate is usually higher than a starting variable interest rate.

Choose how you'd like to repay your loan

Pay a little and save

Fixed repayment option: Pay $25 every month while you're in school and in grace for a budget-friendly way to help lower your total loan cost.

In school & in grace After school $25 a month Principal & interest  More about the fixed option VLess about the fixed option ^

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.

In school & in grace After school Pay interest monthly  Principal & interest  More about the interest option VLess about the interest option ^

Your loan payments will likely be larger while you’re in school and in grace than with our fixed repayment option.

Applying is easy


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.


Choose your repayment option

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


Accept your loan

Review, sign, and accept your loan documents; we’ll take care of the rest with your school.

Apply for this loan

Have questions or need help applying?

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Looking for another type of student loan?

See all private student loans

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.

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.

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 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.

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.

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 9.31% APR, 15 payments of $25.00, 119 payments of $137.44 and one payment of $102.03, for a total loan cost of $16,832.39. For a borrower with $20,000 in prior loans, it works out to a 9.33% APR, 15 payments of $25.00, 179 payments of $110.70 and one payment of $53.94, for a total loan cost of $20,244.24. 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.

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.

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 12/27/2021.