Sallie Mae Medical Residency loan review

Sallie Mae's Medical Residency and Relocation Loan is designed to give you up to $30,000 to complete your studies. When you intend to relocate to pursue a medical specialty, this loan helps you with the associated costs.

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General

APR:	5.93%
Interest:	5.93%

Loan commissions

Study commission:	$ 0
Opening commission:	$ 0
Commission for advance payment:	$ 0

Loan limits

Minimum amount:	$ 1,000
Maximum amount:	Consult
Minimum of months:	12
Maximum of months:	Consult

Medical Residency loan Info

When you are a senior or graduate with a green card or citizenship, you can access the Sallie Mae Medical Residency Loan.

Among the requirements you must meet are the following: go to an accredited institution, show a valid photo ID and have a co-signer with citizenship/permanent residency if you are not a U.S. citizen/resident.

Through this financing, you get financial assistance for moving expenses, board exam fees and travel logistics. In addition, this banking product includes other advantages:

Simplified application process so you get funding every year.
36-month grace period while you launch your career in medicine.
Three (3) ways to repay: interest-only, fixed installments and deferred.
0.25% APR discount if you and your co-signer enable auto debit.
12-month deferment that you can do 5 times (up to 48 months) and that allows you to postpone or reduce your payments.
The opportunity to finance your general, allopathic, sports, osteopathic, radiology, pediatric, or veterinary residency with one lender.
Quick release from your cosigner after you receive your degree, pay 12 installments of principal and interest on time, and meet various financial requirements.

The Sallie Mae medical residency loan complements any government assistance and eases your transition to another city.

Español: Préstamo residencia médica de Sallie Mae

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Medical Residency loan