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The Career Training Loan is a private, credit-based student loan for technical
training or trade school, online courses, and other continuing education programs.
Eligibility
1. You must be a U.S. citizen or permanent resident
2. Have an established credit history
Features
1. The Career Training Loan has interest rates and fees that reward good credit.
2. Repayment terms of up to 15 years are available.
3. If you have less-than-ideal credit or no credit at all, you can still be
eligible for the
Career Training Loan by applying with a creditworthy cosigner.
4. You may borrow for both tuition and other education-related expenses.
5. You get the convenience of combined billing for all of your Sallie Mae-serviced
loans.
6. Creditworthy borrowers may request a cosigner release after making the first
24
consecutive, on-time monthly payments of principal and interest
as initially scheduled.
7. Deferred repayment up to 12 months after your start date
8. There is no prepayment penalty.
Questions?
American Airman Customer Service - (631) 807-1373, and ask to speak with David
SLM Financial Customer Service - (888) 2-SALLIE (888-272-5543) (Mon-Thur
9am-7pm EST)
More
Information directly from the SallieMae website:
APPLY ONLINE
- READ CAREFULLY WHAT INFORMATION WILL BE NEEDED BELOW:
To maximize the efficiency of the online process, we highly recommend that
the borrower and cosigner are prepared to complete the application in one sitting.
There is an option to "Save for Later" at the bottom of the "Credit
Results Page"; choosing this option will dramatically slow down the application
process.
The following items will be required when applying on-line.
Borrower:
1. Your driver's license number (if you do not have a license, enter N/A)
2. Your email address (if you do not have an email address, enter N/A)
3. Prior address (if you have moved in the last year)
4. Two references (name, address, and phone number).
5. Disbursement dates/amounts (school will provide this to you)
6. The co-signer's e-mail address (if applicable)
Co-borrower:
1. Borrower's first and last name, Social Security Number and Date of Birth
2. Confirmation number and pin (borrower is provided this information to be
presented
to co-signer).
3. Your driver's license number (if you do not have a license, enter N/A)
4. One reference (name, address, and phone number).
5. Your e-mail address (if you do not have an email address, enter N/A)
Note: the borrower will need to contact the co-signer with the confirmation
number and PIN to allow the co-signer to apply. SLM will provide instructions
to the co-signer on how to apply, but can not provide the confirmation number
and PIN.
If a borrower or co-signer "Saves for Later" during
their initial application process, in order to complete the loan application
at a later time, they must go to www.slmfinancial.com and choose "Lookup
Previous Decision", select loan and log in. Once logged in, select "Loans
in Process", select loan. Credit decision and rates and fees will be displayed,
if approved. Borrower or co-signer should select one of the first 2 options
to complete their loan application.
Apply
for a loan Online:
In addition, the following items will also be required when applying on-line:
1. Tuition amount.
2. Additional expense amount is your choice, but max is 60% of tuition amount:
3. Tuition amount $ additional expense amount $ = total loan amount
4. Term of the loan. The longer the loan term, the smaller the monthly payments.
5. Disbursement date is ___/___/___.
6. Disbursement amount is $_______________.
7. Enrollment period is ___/___/___ to ___/___/___.
8. Graduation date is ___/___/___.
9. When entering income information, please provide the MONTHLY figure.
Apply
for a loan Online:
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