You can apply only once and get the money you need for the entire school year. Funds will be sent for each term as requested by your school.
Sallie Mae® Dental School Loan
coverage
of all your school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop.2 No max for all years of dental school.
approval rate
for graduate students who return for their next loan with a cosigner3 through our Multi-Year Advantage.
months of deferment
during your residency and fellowship.4
interest-only payments
for eligible borrowers after the grace period for repayment flexibility.5
month grace period
to support you during the start of your dental career.1
Tip for borrowers
Choose the loan option that works for you
Variable rates: 2.50% - 12.10% APR1
Your interest rate can rise or fall as the market index changes, so your Dental School Loan payments may vary over time. Get a rate that may be less than a fixed interest rate, which could result in a lower total loan cost.
Fixed rates: 4.25% - 12.85% 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.
Pay later
Deferred repayment option: Make no payments while you're in school and in grace (12 months after leaving school).1 With this Dental School Loan repayment option, you'll likely pay more for your total student loan cost, since the interest rate may be higher and unpaid interest will be added to your principal amount at the end of your grace period.
Pay a little and save
Fixed repayment option: Pay $25 every month6 you’re in school and in grace, and you can save on your total loan cost when compared to our deferred repayment option.1 While your total loan cost will typically be less than with our deferred repayment option, unpaid interest will be added to your principal amount at the end of your grace period.
Pay interest and save even more
Interest repayment option: Pay your Dental School Loan interest every month you're in school and in grace. Your interest rate will be 0.50 percentage points lower than with the deferred repayment option and 0.25 percentage points lower than with the fixed repayment option.1 Your total loan cost will likely be lower than with the other repayment options, but your Dental School Loan payments will likely be larger while you're in school and in grace.
Benefit from these features
- Save time with a streamlined application and get the money you need year after year with our Multi-Year Advantage.3
- 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.7
- Pay no origination fee or penalty for paying off your Dental School Loan before its due date.8
- You can apply to release your cosigner after you graduate, make 12 on-time, principal and interest payments and meet certain credit requirements.9
- Pay for all your residency expenses with a single lender. With the Sallie Mae Dental Residency and Relocation Loan you can borrow up to $30,000 to cover your travel and relocation costs.
The Dental School Loan vs the Federal Direct Grad PLUS Loan
The Sallie Mae Dental School Loan can be a good alternative to the Federal Direct Grad PLUS Loan, and if you're highly qualified, you may receive a lower interest rate.10
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Sallie Mae Dental School Loan
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Direct Grad PLUS Loan11 |
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No origination fee |
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Available for less than half-time enrollment |
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Offers variable interest rates |
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Offers fixed interest rates |
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12-month grace period |
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Deferred repayment option |
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Interest and fixed repayment options |
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Rate reduction for auto-debit enrollment |
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Get the help you need during your dental residency or fellowship
Applying is easy
Provide some basic info
Give some details about yourself and your school.
Choose your options
After you're approved, pick the repayment option and interest rate type that will suit your budget and timeframe.
Accept your loan
Review, sign and accept your loan documentation. We'll take care of the rest with your school.
Questions? Need help applying?