Want to attend the WCEI program and don’t have the money in-hand to do so?

The Career Training Loan from SLM Financial, A Sallie Mae Company, may be able to provide you with the financial resources you need. The Career Training Loan is a private, credit-based student loan for technical training or trade school, distance learning, and other continuing education programs.

If you decide to finance your tuition with a Career Training Loan, please read all of the following information carefully. Instructions are also provided on the application process. If you do not have a credit history or have poor credit, please apply with a co-borrower to give yourself the best opportunity for approval.

Eligibility

You must be a U.S. citizen or permanent resident and have an established credit history.

Features

• The Career Training Loan has interest rates and fees that reward good credit.
• Repayment terms of up to 15 years are available.
• If you have less-than-ideal credit or no credit at all, you can still be eligible for the Career Training Loan by applying with a creditworthy cosigner.
• You may borrow for both tuition and other education-related expenses.
• You get the convenience of combined billing for all of your Sallie Mae-serviced loans.
• Creditworthy borrowers may request a cosigner release after making the first 24 consecutive, on-time monthly payments of principal and interest as initially scheduled.
Borrow Up to 60% of the loan value for course related expenses
• There is no prepayment penalty.

Loan limits

There is no aggregate loan limit.

Interest rate

The Career Training Loan has interest rates that reward good credit and are as low as Prime + 0% for borrowers with excellent credit. Interest rates are variable and reset monthly.

Instructions for applying

Please indicate on the WCEI application that you are intending to use the SLM Career Loan to pay for your registration fees.

Since you are applying for a loan, you will go through a credit check process as part of the loan application process. Please consider using a co-borrower if you do not have credit or a poor credit history.

Applying for your loan online will give you the quickest turn around time for a loan decision. Please follow all instructions listed on the application completely. Failure to follow the instructions may result in a delay of processing your loan or denial. If you have any questions about the loan application process, please contact a SLM Customer Service Loan Representative at 888-272-5543. You may also contact Laura Rosenhagen, WCEI Customer Service Director for assistance, if needed. Laura’s phone number is 877-462-9234 press option #1.

Instructions for applying by mail

If applying by mail, please download the application below. The application is in a word doc format. You may either print the application and complete by hand or use your computer to type in the requested information.

To apply by mail, click here to download an application.

Instructions for applying on line

In order to apply for the correct loan, you must enter the following information:

1) When asked by Sallie Mae Website what state you plan to attend - SELECT WISCONSIN - This will enable you to locate our school from the list of approved schools.

2) When asked which school are you attending - SELECT WOUND CARE EDUCATION INSTITUTE - Lake Geneva, WI 53147

3) When asked for the school contact, enter - LAURA ROSENHAGEN

To apply online click here.

Repayment

• You may take up to 15 years to repay your loan.
• With the standard repayment option, you make level, monthly payments of principal and interest. The minimum monthly payment is $30.
• With the interest-only repayment option, you make interest-only payments while you are in school and begin standard repayment of principal and interest once school is completed. The minimum monthly payment is $30.
• With the $10 deferred repayment option, you may defer payments for up to 12 months, not to exceed the anticipated graduation date on the application. You are required to make a $10 monthly payment during deferment. This $10 payment will be applied toward the interest that accrues on the account during deferment. After deferment, you will begin standard repayment of principal and interest.

Legal

• Career Training Loan is a service mark of SLM Financial Corporation.
• Career Training Loans are made by state or federally chartered financial institutions and are sold after full disbursement to a Sallie Mae company.
• The school and its financial aid office act on their own behalf and do not represent you or Sallie Mae. You should always contact Sallie Mae directly if you have questions about the terms under which Career Training Loans are made.
• The Career Training Loan is a private, credit-based loan and is not federally sponsored or guaranteed.
• Minimum monthly payment is $30 under the interest-only repayment option; $10 per month under the $10 deferred repayment option.
• Up to 60% of the tuition amount may be financed for other expenses, not to exceed $6,000. Terms may vary by school.
• Repayment begins 30 days after the loan is disbursed.
• The APR will increase if the Prime Rate increases.
• There is a $30 fee for each cosigner.