Explore federal loans and compare to make sure 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 09/16/20 from https://www.petersons.com/scholarship/american-dental-association-foundation-dental-student-scholarship-program-111_149978.aspx.
This information was gathered on 09/16/20 from https://www.adea.org/awards/.
This information was gathered on 09/16/20 from https://www.aaphd.org/the-herschel-s--horowitz-scholarship.
This information was gathered on 09/16/20 from https://nhsc.hrsa.gov/scholarships.
This information was gathered on 09/16/20 from https://www.goarmy.com; https://www.navy.com/what-to-expect/education-opportunities/graduate-professional-degree-opportunities; http://www.airforcemedicine.af.mil.
This information was gathered on 9/16/20 from https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service.
This repayment example is based on a typical Dental School Loan made to a first-year graduate dental borrower who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 10.98% variable APR. It works out to 57 payments of $25.00, 238 payments of $151.78 and one payment of $90.01, for a Total Loan Cost of $37,638.65. Variable rates may increase over the life of the loan.
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 is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan.
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 financial advisor, tax advisor, or attorney about your specific circumstances.
Information advertised valid as of 4/1/2021.
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