You can request to make lower, interest-only payments for the first two or four years of the repayment period.footnote 2 After that, you'll make principal and interest payments for the rest of the loan's repayment term.
Sallie Mae® Dental Residency and Relocation Loan
Borrow up to $30,000 to cover board examination fees, travel, and moving expenses for your dental residency
Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate.
Understanding dental residency and relocation loan payments
Fixed rates: 6.40% – 11.89% APRfootnote 1
Lowest rate shown includes auto debit discount. Get predictable monthly payments with a rate that doesn’t change over time.
Variable rate: 7.47% - 12.89% APRfootnote 1
Lowest rate shown includes auto debit discount. Your variable interest rate can rise or fall as the market index changes, so your dental residency and relocation loan payments may vary over time.
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).footnote 1 While you’re in school and in grace, you can still make payments to help lower the total loan cost.
Dental residency and relocation loan benefits
- 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.footnote 3
- Pay no origination fee or penalty for paying off your dental residency loan before its due date.footnote 4
- Track your credit health with quarterly FICO® Credit Scores, available online for free to you and your cosigner.footnote 5
Get the money you need for your dental residency
Consider adding a cosigner
Last year, 63% of residency and relocation loan applicants who applied without a cosigner were approved.footnote 6 However, consider adding a cosigner if you think you might need help getting approved.
Consider 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.footnote 7
Find out about cosigner release
If you need money for dental school
A Sallie Mae® Dental 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 Dental School Loan
Easily apply in 3 steps
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.
Frequently asked questions about the Sallie Mae Dental Residency and Relocation Loan
This loan is available to students enrolled at least half-time in their final year of study at a participating institution or who have graduated from one in the last 12 months. Students must have been awarded, or expect to be awarded, their degree during the same academic year they apply.
Students who are not U.S. citizens or permanent residents must reside 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 their identity.
Residency and relocation loans help cover expenses associated with taking board examinations, traveling for interviews, and moving for residency. This can include airline travel, relocation costs, gas, hotels, dry cleaning, airport food, etc.
Yes, you can apply for additional loans for residency interviewing and relocation costs if you have existing student loan debt. These loans do not require proof of financial eligibility. They are credit-based, meaning applicants with excellent credit may receive a better rate.
To apply for a dental residency and relocation loan, you’ll need to provide proof of enrollment in an eligible program and a fraud check (to ensure accuracy of address).
There are loan options available for different medical specialties, including the medical school loan, dental school loan, health professions graduate loan, medical residency and relocation loan, and nursing school loans.
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