Explore federal loans and compare to ensure you understand the terms and features. Sallie Mae Dental School Loans that have variable rates can go up over the life of the loan. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.
This information was gathered on June 25, 2017 from http://www.adafoundation.org/en/how-to-apply/education.
This information was gathered on June 25, 2017 from http://www.adea.org/studentawards/.
This information was gathered on July 5, 2017 from http://www.aaphd.org/foundation.
This information was gathered on June 25, 2017 from https://nhsc.hrsa.gov/scholarships/.
This information was gathered on June 25, 2017 from https://www.goarmy.com; https://www.navy.com; http://www.airforcemedicine.af.mil.
This information was gathered on June 25, 2017 from https://studentaid.ed.gov.
This repayment example is based on a typical Dental School Loan made to a first-year graduate dental borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 8.82% fixed APR. It works out to 57 payments of $25.00, 239 payments of $117.69 and one payment of $23.23, for a Total Loan Cost of $29,576.14.
If at any time during the repayment period you enter an approved residency or internship program, you may contact us to request the Residency/Internship Deferment. To apply for the Residency/Internship Deferment, you must submit a form completed by you and an official from the residency or internship program to us for consideration. If you receive the Deferment, the Current Amount Due you will be required to pay each month during the deferment period will reflect the same repayment option that applied to your loan during the in-school period. Deferment periods are issued in up to 12-month increments. You can receive a maximum of four 12-month deferment periods (48-month maximum). Interest is charged during the deferment period and Unpaid Interest may be added to the Current Principal at the end of each deferment period, which will increase the Total Loan Cost.
Interest rates for Fixed and Deferred Repayment Options are higher than interest rates for the Interest Repayment Option. You're charged interest starting at disbursement, while in school and during your 12-month separation or grace period. When you enter principal and interest repayment, Unpaid Interest will be added to your loan's Current Principal. Variable rates may increase over the life of the loan. Advertised APRs assume a $10,000 loan to a first-year graduate with no other Sallie Mae loans. Graduate student pricing for this loan is limited to students enrolling in a Masters/Doctorate level degree program. Graduate Certificate/Continuing Education course work is not eligible.
Savings based on a typical loan to a first-year graduate student.
Sallie Mae does not provide, and these materials are not meant to convey, financial, tax, or legal advice. Consult your own attorney or tax advisor about your specific circumstances.