Variable rates
2.90% APR
to 8.58% APR1
Fixed rates
5.93% APR
to 10.19% APR1
Lowest rates shown include the auto debit discount. Only the most credit-worthy applicants may receive the lowest rate.

When you have expenses that may not be covered by federal student loans, get the money you need to help pay for your medical or veterinary residency.

Payment details

Variable rate: 2.90% - 8.58% APR1
Your variable interest rate can rise or fall as the market index changes, so your Global Health Residency and Relocation Loan payments may vary over time.

Fixed rates: 5.93% – 10.19% APR1
Get predictable monthly payments with a rate that doesn’t change over time. You may pay more for your total loan cost because a fixed interest rate is usually higher than a starting variable interest rate.

a dark blue and cyan graphic with text displaying the deferred interest loan repayment option. No payments in school & in grace; In repaymen you'll pay down the principal & interest.

Deferred repayment
Defer your principal and interest payments while you’re enrolled at least half-time and during your grace period (three years after you graduate or nine months if you leave school or drop to less than half-time status).1 While you’re in school and in grace, you can still make payments to help lower the total loan cost.

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Get budget flexibility

You can request to make lower, interest-only payments for the first two or four years of the repayment period.2 After that, you'll make principal and interest payments for the rest of the loan's repayment term. 

Benefit from these Global Health Residency and Relocation Loan features

  • Borrow up to $30,000; the money is sent directly to you. 
  • Lower your total loan cost—get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.3
  • Pay no origination fee or penalty for paying off your loan before its due date.4
  • Track your credit health with quarterly FICO® Credit Scores, available online for free to you and your cosigner.5

Get the money you need

A cosigner can really pay off

7 out of 10 Residency and Relocation applicants who apply without a cosigner are approved6, however, consider adding a cosigner if you think you might need help getting approved.

Why add a cosigner

You can apply for cosigner release

You can apply to release your cosigner from the loan after you graduate, make 12 on-time principal and interest payments, and meet certain credit requirements.7

Find out about cosigner release

If you need money for medical school

A Sallie Mae® Medical School Loan can help you get the money you need to continue your education. Choose a fixed or variable rate type and a repayment option that works best for you.

Learn about the Medical School Loan

Applying is easy

Provide some basic info

Give some details about yourself and your school.

Choose the number of disbursements

During the application process you can decide whether you want to receive funds in one disbursement or two.

Choose a delivery date for your funds

You can decide which date in the future you would like us to send you the funds.

Apply for this loan

Questions? Need help applying?

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Call us at

877-279-7172
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Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
Residency and Relocation Loans are intended to cover expenses not included in your school’s cost of attendance.
To participate in the Residency and Relocation Loan program, veterinary medical schools are required to be accredited by the American Veterinary Medical Association and medical schools are required to be accredited by the Liaison Committee on Medical Education or the American Osteopathic Association's Commission on Osteopathic College Accreditation.
1.  Interest is charged starting when the funds are sent to you. For those who graduate, the grace period is 36 months. For those who withdrawal or whose attendance falls below half-time status, the grace period is 9 months. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $20,000 loan disbursed at the time of student's graduation from school.
2. Requests must be received in writing. Interest Only payments will not extend the loan term, but they will increase the Total Loan Cost. Plus, monthly payments following the Interest Only ones will be higher than they would have been otherwise.
3. The borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment, if available for the loan.
4. Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. 
5. Borrowers and cosigners with an available FICO® Score and a Sallie Mae-serviced loan with a current balance greater than $0, may receive their score quarterly after the first disbursement of their loan. The FICO® Score provided to you is the FICO® Score 8 based on TransUnion data. FICO® Scores and associated educational content are provided solely for your own non-commercial personal review, use and benefit. This benefit may change or end in the future. FICO® is a registered trademark of the Fair Isaac Corporation in the United States and other countries.
6. 70% of Residency and Relocation Loan applicants who apply without a cosigner are approved on their own based on a rolling 12-month period from May 1, 2020 through April 30, 2021.
7. Only the borrower may apply for cosigner release. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if your status has changed since you applied). In the last 12 months, the borrower must be current on all Sallie Mae-serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: bankruptcy, foreclosure, student loan(s) in default, or 90-day delinquencies in the last 24 months. Requirements are subject to change.
Sallie Mae loans are made by Sallie Mae Bank.
Information advertised valid as of 12/27/2021.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.