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The Career Training Loan has interest rates that reward good credit and are as low as Prime + 0% for borrowers with excellent credit. Interest rates are variable and reset monthly. The Career Training Loan is a private, credit-based student loan for technical training or trade school, online courses, and other continuing education programs. There are some features about career training loans. - Career Training Loan has interest rates and fees that reward good credit.
- Repayment terms of up to 15 years are available.
- 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.
- 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.
- There is no prepayment penalty.
Paying for school is now easier than ever. You can borrow from a minimum of $1,000 up to the total cost of your education less other aid received. That includes tuition and expenses such as books, fees, a computer, and living expenses with these loan programs
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