Sallie Mae – Career Training Smart Option Student Loan


Do you want to become a professional photographer?

Have you have been “dreaming” about our Career Training Program for years and have never been able to make it work.   Sallie Mae is here to help you make your dreams come true!

RMSP is not a federally accredited school, therefore our students do not qualify for Federal Student Aid (FAFSA), but that doesn’t mean that our students don’t have other options available.  Students registered for our Career Training Program can choose to apply for a Career Training Smart Option Student Loan, offered through Sallie Mae.

With the Career Training Smart Option Student Loan®, you can borrow up to the full cost of your education. Designed to help you graduate with less student loan debt and help you pay it off faster, the Career Training Smart Option Student Loan allows you to choose the repayment option that works for you while you are in school- a set payment of just $25 per month or pay only the interest on your loan. A creditworthy cosigner may also help you qualify and/or receive a lower interest rate.

Here are more details about Sallie Mae:

•U.S. citizens attending an eligible school.
•International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or
permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.
•You must meet current credit and other eligibility criteria.

•Easy online application with fast credit decision and electronic signature (“eSign”) available.
•24/7 online account management.
•No prepayment penalty.
•You may be able to deduct the interest you pay on a qualified student loan.

•Pricing that rewards creditworthy borrowers.
•A creditworthy cosigner may help you qualify and/or receive a lower interest rate.
•Apply for a cosigner release after successful completion of your education.
•Choice of interest-only or fixed monthly payments of $25 required while in school and during
the six-month separation period to avoid capitalization of interest and lower the overall cost of
the loan.
•A 0.25 percentage point interest rate reduction is available for automatic debit.

Loan limits
•$1,000 minimum loan amount.
•Borrow as much as you need to pay for your tuition and expenses, up to the cost of
attendance as certified by your school and confirmed by Sallie Mae.

Interest Rate
•Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest
•The Career Training Smart Option Student Loan has interest rates that reward good credit.
Interest rates are variable and are reset monthly based on the one-month LIBOR Index.

• Choice of the Fixed Repayment Option to make monthly payments of $25 while in school and during the six-month
separation period or the Interest Repayment Option to make interest only payments while in school and during the six month separation period.
•Consider making principal and interest payments while in school to lower the amount you must pay back.
•Principal and interest payments begin following the six-month separation period.
•Prepay your loan at any time without penalty.

•Disbursement fee of zero to 5%.
•No repayment fee.

How to Get Started

Fill out an application on our website for the program that you want to attend, a $50 application fee will be required to complete this process.  Once your application is approved by RMSP, you can submit your Sallie Mae loan application. Click here to apply for the Career Training Program.

Fill out an application at  Our lender code is 900905 and school code is 60680200.  Once you are approved by Sallie Mae we will be notified to approve you as a student.  Sallie Mae will contact you regarding your personal loan requirements.