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Center for Continuing Education and Conference Services

 

 
Financial Aid
 
Sallie Mae Continuing Education and Career Training Loans
SLM Financial Corporation, also known as Sallie Mae, Inc.®, provides financing for the continuing education and distance learning programs offered on this website.
 
Loan Type:
Private, unsecured, credit-based; not federally sponsored or guaranteed.
 
Eligible Borrowers:
 
  • Must be a U.S. citizen or permanent resident, and must be of legal age in the residing state.
  • Meet eligible credit requirements
  • Have a job or verifiable income
  • No history of student loan defaults
Loan Amounts:
 
Minimum of $1,000
Maximum: No aggregate loan limit. Up to 60% of borrowed amount is allowable for additional education-related expenses, not to exceed $6,000.
 
Rates and Fees:
 
Interest rates are variable (monthly) and are based on Prime Rate, as published in The Wall Street Journal, plus margin. A loan fee is added to the loan principal at disbursement. Interest rates and fees are tiered based on the borrower's and cosigner's (if applicable) credit history.
 

Repayment:

 
Repayment begins 30 days after the first loan disbursement. Borrowers have up to 15 years to repay the loan and may prepay at anytime without penalty. There are 3 repayment options:
 
1. Standard, level monthly payments of principal and interest beginning 30 days after the first disbursement. Minimum monthly payment is $30.
 
2. Interest-only repayment during the enrollment period. Standard repayment of interest and principal payments begin once enrollment period ends.
 
3. $10 Deferred payment for up to 12 months. This $10 payment will be applied toward the interest that accrues on the borrower's account during the deferment period.*
 

Call us today at (251) 431-6536 to see how Sallie Mae can help you with continuing your education or professional development and goals.

 

University of South Alabama - Mobile Alabama 36688-0002 / 1 (251) 431-6411
For questions or comments Contact Us
Date last changed: May 11, 2007 9:50 AM
http://www.southalabama.edu/cce/onlinelearning.html

University of South Alabama