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How to Obtain Financial Assistance

You can finance your technical education at Save On Training through the Technology Training Loan Program being offered through our partnership with SLM Financial.

They offer convenient and affordable financing packages including tuition, books, and exams.

Advantages of the Technology Training Loan Program:

• Borrow as little as $1,000, up to the total cost of training.
• High Approval Rates on up to 75%
• Take up to 15 years to repay the loan and have the option of making interest-only payments while you're in training.
• Monthly payments as low as $30, based on loan amount, and no pre-payment penalties.

How to apply for the Technology Training Loan:

1. Contact your Education and Learning Consultant at Save On Training to receive an application at (866) 762-3990, or fill out the application form.
2. Fax the completed Application and Funds Distribution Request to (201) 478-7174 along with a copy of your recent pay stub and a Official ID with photo.
3. You will be notified within 5 business days about your loan request decision. 
4. Monthly payments as low as $30, based on loan amount, and no pre-payment penalties.

When filling out the loan form, please note:

• The term for repayments requested can be as high as 15 years.
• Loan amount requested can be for more than the course tuition, especially if the student is buying a home computer, etc.
• Interest only payments can be requested while you are training, circle yes on your financial aid form and fill in 6 for the amount of months in school.
• Remember to fill out section C of the application form.
• There is no penalty for early repayment of the loan.

Remember to sign the form and fax back to (201) 478-7174 to your Education and Learning Consultant at Save On Training.

Credit History Check List and FYI

If the following criteria apply to the borrower, they must obtain a co-borrower in order to apply for the loan:

• If borrower is not working
• If borrower has limited or no credit history
• The borrower is currently in bankruptcy

If the following criteria apply to the borrower, they might want to consider applying with a co-borrower up front:

• If the student has a poor credit history, has collectors calling
• The borrower has not re-established credit since a bankruptcy has been discharged
• If the borrower has a high debt to income ratio
• If the borrower is often late in paying bills

Note: A borrower who has ever defaulted on a student loan will automatically be denied (there are no exceptions)

Remember to check the box for Deferred Payments and indicate YES and for how many months you would like to defer the payments.