Saturday, November 21, 2009 06:27AM
Stetson University Institute for Technology Education
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Student Loan Information

Financial assistance for technical training programs is through private lenders. No matter who is the provider, all training providers tend to go to the same lenders such as Key Bank, Sallie Mae or Wells Fargo. Do not let slick ads trick you into believing some training business can connect you with more or better financial aid than Stetson University. In fact, because Stetson University is a nonprofit educational institution our students often receive preferential loan treatment as compared to for-profit training venders.

Information for Veterans

In general, loan companies provide a number of options for repaying career development loans. The exact interest rate and repayment schedule will depend on an applicant's credit history. Many of Stetson University's MCSE loan applicants get 10 year loans for about $6,800 with an interest rate between 7½ and 10 percent. This results in a monthly loan repayment of around $90 per month. In most cases the first loan repayments can be deferred up to a year so students can hopefully be in the IT field before the first payment comes due. CCNA financing plans can be under $40 a month for persons with good credit.

Sallie Mae
Sallie Mae Smart Option Student LoanSM

The Sallie Mae Smart Option Student LoanSM application is completed 100% online. Here are the steps to complete the loan application.

    Go to www.salliemae.com.

    Under “Start Your Application,” select I’m a Student.

    On the next page, choose Sallie Mae Smart Option Student Loan.

    Decide whether you want to apply with a cosigner or not. Select your choice in order to continue to the next screen.

    Read the LEGAL REQUIREMENTS AND DISCLAIMERS at the bottom of the page, and if these are okay with you then continue with the process. (If you disagree, exit now.)

    Continue with the loan application process by selecting the State (FLORIDA).
    The next drop-down menu asks for the school. Select the school (STETSON UNIVERSITY -00153100-) and click on SUBMIT.

    On the next page read the WEB SITE TERMS OF USE and click on I ACCEPT if you do accept the terms.

    On the next page fill in your Social Security number, date of birth, and citizenship.
    For the ENROLLMENT PERIOD select the period of time that best describes you’re your first class date will fall.
    For COURSE OF STUDY select OTHER.
    For GRADE LEVEL select FIRST YEAR FRESHMAN.
    For ENROLLMENT STATUS select HALF TIME.
    Then click on the NEXT button.

    On the next page read through Sallie Mae PRIVACY PRINCIPLES AND PRACTICES. If these are acceptable click on NEXT.

    This completes the ELIGIBILITY portion of the application. The next page begins the CREDIT CHECK.

    On the next page fill out the required credit information.
    For the TOTAL LOAN AMOUT REQUESTED enter the program course of the technology course, e.g. 4595 ($4,595) for MCSA, 4995 ($4,995) for MCSE.
    When the form is filled in select SUBMIT CREDIT.

    The next screen will display back some of the data you submitted and will give you a credit result. If you need a Cosigner, you may add this information at the time. Otherwise click on CONTINUE APPLICATION.

    That completes the APPLICATION portion; on the next page fill in the Application Information and then click on SUBMIT APPLICATION. In the area that says CURRENTLY SEEKING DEGREE OR CERTIFICATE select CERTIFICATE. In the area that says GRADE POINT AVERAGE type in N/A.

    When the information is complete click on SUBMIT APPLICATION.

    At some point you will have to sign your application.

Please let Rosemary Cangelosi know that you have submitted for this loan so that we may track its progress through the system. She may also be able to help if you have questions on your application. Her contact information is below.


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Stetson University Institute for Technology Education
Stetson University
800 Celebration Avenue       Suite 104
Celebration, Florida 34747
  Dr. Jay Braden, Director
jbraden@stetson.edu email
(321) 939-7617 voice
Stetson University is an Equal Opportunity Employer and Program Provider
TTY 800-955-8771