Rate discounts: Receive a 0.25 percentage point interest rate reduction after making your first 12 on-time principal and interest payments.5 Plus, get an additional 0.25 percentage point interest rate reduction for enrolling in and making monthly payments by automatic debit.6
Residency and Relocation Loans are intended to cover expenses not included in your school’s cost of attendance.
This loan is for students who are pursuing or have received a M.D., D.O., D.P.M., D.V.M., or V.M.D. degree. Students must be enrolled at least half-time in their final year of study at a participating allopathic, osteopathic, podiatric, or veterinary medicine school, or have graduated from one within the past 12 months. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend or graduate from a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.