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| Carrer Training Loans | Repayment
• It is possible to pay during 15 years.
• If you choose standard repayment option, you pay every month principal and interest. The minimum monthly payment is $30.
• When you are in school, interest-only repayment option is for you. You pay interest only. After completing school you pay both principal and interest.
• The $10 deferred repayment option gives the possibility to postpone payments for up to 12 months, not to exceed the anticipated graduation date on the application. You pay only $10 every month during postponement. This $10 payment will be applied toward the interest that accumulates on the account during postponement. After postponement, you will start pay both principal and interest.
Legal
• Career Training Loans are given by state or federally chartered financial institutions.
• The school and its financial aid office do not represent you and act on their own behalf.
• The Career Training Loan is not federally sponsored or guaranteed, it is a private, credit-based loan.
• If you choose the interest-only repayment option your minimum monthly payment will be $30; if you are under deferred repayment option you pay every month $10.
• Up to 60% of the tuition amount may be financed for other expenses, not to exceed $6,000. Terms may change from school to school.
• Repayment begins at least 30 days, but no more than 60 days, after disbursement.
• There is a $30 fee for each cosigner.
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