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Dental Residency & Relocation Loan

Cover residency & relocation expenses with dental school loans

With the Residency and Relocation Loan® from Sallie Mae®, you can finance the costs associated with finding a dental residency, including travel to interviews and relocation costs, which may not be covered by federal student loan programs. You can also use the loan to cover board examination expenses.

Defer payments until after school

  • The Residency and Relocation Loan gives you the flexibility to defer payments while you are enrolled at least half time and for three years after graduating school.

Lower your interest rate

  • When you enter repayment, you can lower your interest rate by a 0.25 percentage point while enrolled to make your scheduled monthly payments by automatic debit.

Cover the cost of finding a residency

  • You can borrow as little as $1,000 or as much as $20,000.

Be in control of your funds

  • All disbursements are made directly to you.

Enjoy total convenience

  • 24/7 online account management.
  • Easy online application—about 15 minutes is all you need.

Interest rates

  • Rates are variable, and range from % APR to % APR.
  • Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.

Loan limits

  • Students can borrow from $1,000 up to $20,000.


  • No origination fees.
  • No repayment fees.

Repayment terms

  • No payments required while you're in school.1
  • Multiple repayment options are available.
  • No prepayment penalty.
  • Repayment begins three years after graduation or nine months after leaving school or dropping to less than half-time status.1


  • You must be a U.S. citizen or permanent resident or a foreign borrower applying with a creditworthy cosigner who is a U.S. citizen or permanent resident and present U.S. Citizenship and Immigration Service (USCIS) documents. Foreign borrowers must be attending a school located in the U.S.
  • You must expect to be awarded the D.D.S. degree during the same academic program year that you are applying for the Residency & Relocation Loan.
  • You must be enrolled in your final year of dental study.
  • You must meet current credit and other eligibility criteria.


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A cosigner can really pay off

A cosigner can help you qualify
Applying with a creditworthy cosigner may give you a better chance of approval.

Cosigner release available
After graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements.

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Encouraging Responsible Borrowing

Sallie Mae has helped more than 30 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.

You must be enrolled at least half time in your final year of study at a dental school or have graduated from one within the past 12 months. You must have been awarded or expect to be awarded the D.D.S. or D.M.D. degree during the same academic program year that you are applying for the Residency and Relocation Loan. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower who is attending or has attended a school located in the U.S. applying with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1 Variable rates may increase after consummation. Interest is charged while you are in school and during the applicable grace period of either 36 months after graduation or 9 months after withdrawal from school or attendance falling below half-time status. Any interest that remains unpaid when you enter full repayment will be added to your loan balance.

2 Either the borrower or cosigner (not both) must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the borrower's monthly payment amount is successfully deducted from the designated bank account and is suspended during forbearances and certain deferments.

3 The release of a cosigner is at the sole discretion of Sallie Mae. Only the borrower may apply for cosigner release. The borrower must provide proof of graduation or successful completion of certification program, not be delinquent and have made 12 consecutive on-time payments of principal and interest immediately before applying, provide proof of income, pass a credit review that demonstrates a satisfactory credit history and the ability to assume full responsibility of the loan(s) individually, have no student loan(s) in default, must not be reported as 90+ days delinquent in the past 24 months, must not be in hardship forbearance and/or in a modified repayment program, be a U.S. citizen or permanent resident, and meet the age of majority in their state. Requirements are as of October 13, 2014, and are subject to change.

Sallie Mae Residency & Relocation Loans are intended to cover expenses not included in your school's cost of attendance.

Residency and Relocation Loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 7/27/2015.


Sallie Mae, Residency and Relocation Loan, and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.