Financial Assistance

• Sallie Mae Loan Information
• Preferred Lender – SLM Financial Corporation – for Corporations
• Alternative Lenders

Sallie Mae Loan Information

Apply on line at www.salliemae.com/cel

Complete all sections.

There are 3 boxes to fill out for the Tuition amount.

In one box goes just the tuition amount.

In the next box is the amount you need for your Expenses ( up to 60% of the tuition amount is allowed). If you do not need Expense money leave that box blank.

In the next box is the TOTAL of the Tuition & the Expense, add the tuition amount & expense amount & put in Total box.

If you do not fill it out that way all monies go to us & it takes 4 weeks to get a refund on the amount owed you over the tuition amount.

Under Disbursement Date put 1 week prior to the class start date.

School code is 602840

Authorized School Official is Melanie Davis

If you have Questions call Sallie Mae at 1-888-272-5543.

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Preferred Lender – SLM Financial Corporation – for Corporations

THE CAREER TRAINING LOAN CORPORATE PARTNERSHIP PROGRAMS

Many leading corporations invest in education or training for their employees, through tuition reimbursements or tuition payments. In either case, employers make an investment up front, with the expectation that employees will stay with the corporation after the training is completed.

The Career Training Loan Corporate Partnership Program (CPP), offered by SLM Financial Corporation, is designed to protect a corporation's investment in its employees and provide employees with the opportunity for continued education.

Under the program, a corporation makes Career Training Loan SM payments on behalf of its employee, for an agreed time period, as long as the employee continues to work for the corporation.

CPP ensures that corporations and employees benefit more from the investment made in employee education.

Corporate Benefits

Reduce financial risk

• You pay only as long as the employee stays with your corporation during the 3-year repayment period.
• Career Training Loan payments are spread over three years to minimize up-front costs.
• If the employee leaves the corporation within the repayment period and later defaults, the employee is responsible for the unpaid balance.

Flexible repayment options

Corporations have the option to make:

• Full principal and interest payments, beginning 30 days after loan disbursement, or
• Interest-only payments (during the in-training or in-school period), then standard principal and interest payments for the remaining term.

Recruiting tool
Your corporation can use the CPP to recruit new employees, and promote it as a benefit of employment.

Save money on education or training

• The CPP can save employees hundreds, even thousands, of dollars on their cost of education.
• Employees can use the loan to pay for tuition and education-related expenses.
• CPP provides an opportunity for financial support by an employer if none currently exists.

CPP participants save money

• Interest rates start at Prime + 1% with a 1% fee for borrowers with excellent credit.
• Interest rates are variable, resetting on the anniversary date of the loan.

Cover the total cost of education

• Borrow a minimum of $1,000 up to the cost of education (less financial aid received).
• The loan can include education-related costs (up to 60% of the tuition amount, not to exceed $6,000).

Quick application processing

• Fast approvals within 24 hours
• 85% of applicants are approved

For more information, or to apply for a Career Training Loan through the Corporate Partnership program, please visit Sallie Mae Financial Corporation at www.salliemae.com/apply/borrowing/career_cpp

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