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.