What are the requirements to qualify for an SLM Career Training Loan?
You may be eligible for the loan based on your own credit if you meet all of the following criteria: • You are a U.S. citizen or a permanent resident. • You are at least 18 years of age. • You have a good credit history, which includes at least 12 months of borrowing, charging and repaying. At least 4 years of substantial credit history is preferable which includes, but is not limited to a mortgage payment, an automobile loan and high-balance credit card payments. • You have no prior student loan defaults. Do I need a Co-Borrower? If the answer to any of the following questions is YES, you should consider applying with a creditworthy co-borrower. • Are you currently unemployed? • Do you have a limited or no credit history? • Do you have a poor credit history (i.e. several delinquencies on open lines of credit or accounts that have been placed in collection)? • Do you have a high debt-to-income ratio? • Have you filed for bankruptcy? Note: These are not the only factors to consider when
