Loan Information

CAI now offers loans via SLM Financial, a Sallie Mae Company. These loans offer a range of payment options with monthly payments as little as $35.00. If you feel you would be interested in this option, please visit SLM Financial for further information. At the web site, click on Career Training Loans for further information and then Apply Now. Then, select our state from the pull-down menu (NJ) and then select CAI from the school list pull-down menu. Contact person will be: Cheryl Izzo (school code 606844) and approval is usually within 24 hours. Be sure to put the full tuition amount ($1855.00), which includes $25.00 s/h, plus 7% sales tax for NJ applicants. You may also opt to apply for up to 60% above the overall tuition fee for expenses if needed.($1113.00). If you choose this option, be sure to note the tuition fee in the tuition box and expense fee in the expense box. On the application, it will also ask for a start date. This can be any date you choose, but should be no sooner than two weeks from the date you are actually applying. The disbursement date they ask for should match the start date and the end date or graduation date would be exactly six months from the start date. Once you have been approved, you will receive loan paperwork in the mail that needs to be signed and returned along with our enrollment application. This is then forwarded to SLM where your loan will be processed usually within two weeks or less.

If for some reason, your loan application is denied, SLM will notify you usually sending you a co-borrower application. If you wish to proceed with a co-borrower in order to qualify, this form needs to be filled out and signed by said co-borrower, and can be faxed directly to SLM via the number located on that form or if you do not have a fax available, you may opt to mail it directly to SLM.