Identified lenders
- College Ave — collegeavestudentloans.com · 844-422-7502
- Higher Education Student Assistance Authority (HESAA) of New Jersey — NJCLASS Loan — hesaa.org · 800-792-8670 (for NJ residents only)
- Sallie Mae — salliemae.com · 800-472-5543
Loan comparison
The comparison chart below is provided to help students compare loans and select the best lender for their needs. The latest terms are posted on each lender's website and are subject to change.
| Feature | College Ave Career Training | Sallie Mae Career Training | HESAA NJCLASS (NJ only) |
|---|---|---|---|
| Interest rate range | 4.44%–15.32% fixed 4.99%–15.32% variable | 4.50%–15.10% fixed 5.87%–16.34% variable | 3.75%–4.55% fixed (10 yr) 5.30%–6.02% fixed (15 yr) 6.75%–7.15% fixed (20 yr) |
| Repayment years | 5–15 years | 5–15 years | 10–20 years |
| Loan fees | No fees | No fees | 3% of the borrowed amount |
| Loan limit | Cost of Attendance − other aid | Cost of Attendance − other aid | Cost of Attendance − other aid |
Interest rates may vary. Check the lender's website for the latest range.
Guidance & applying
Private education loans are available to help cover educational expenses; however, they are not part of the federal financial aid program. We strongly encourage all students to first complete the FAFSA to determine eligibility for federal aid, which may offer more favorable terms and protections. Private loans are credit-based and may require a cosigner. Interest rates, repayment terms, and borrower benefits vary by lender. It is important to carefully review and compare all loan options before making a decision. CAHE does not endorse any specific private lender, and students are free to choose any lender they prefer. Once students receive their College Financing Plan, they will be provided with options of lenders who offer private loans to our students.
See also CAHE's Institutional Code of Conduct for Education Loans.
For additional assistance, contact the Financial Aid Office at 718-645-3500 ext. 630 or financialaid@cahe.edu. Please note while applying:
- The school code for Center for Allied Health Education is 011617.
- The loan is taken out one year at a time (unless you start in the Spring).
- Disbursement of annual private student-loan funds is divided equally based on the number of quarters scheduled during a given year.
- Funds received that exceed the cost of tuition & fees for the billing period will be refunded to the student.
If you are denied an alternative loan, please contact our Financial Services Department to make satisfactory payment arrangements before the first day of orientation, in order to avoid cancellation of your participation in the program.