Medical school loans
With a program designed for allopathic and osteopathic medical students, Sallie Mae remains America's most reliable and stable medical student loan program.
Under the program, students can apply for a federal Stafford Loan or Graduate PLUS Loan and/or the Sallie Mae Smart Option Student Loan to cover their education expenses. The Sallie Mae Residency and Relocation Loan helps cover residency expenses, such as relocation costs.
Stafford loans have lower interest rates than Graduate PLUS loans, and both generally have lower rates than private student loans.
With a Federal Graduate PLUS loan, your students may borrow up to the full cost of their education, including tuition and fees, room and board, books and supplies, transportation, and living allowance — less other financial aid received including federal Stafford loans.
The Sallie Mae Smart Option Student Loan is an ideal solution for students who still need funds after they have maximized free money and federal loans. With this loan, students can borrow up to the full cost of their education, less other aid received. The Smart Option Student Loan helps students save money, build good credit, and pay off their student loan faster.
The Residency and Relocation Loan is a private loan for students in their final year of medical school to help finance expenses associated with securing a residency position after medical school. These expenses can include travel to residency interviews and relocation costs, which cannot be funded under federal student loan programs.