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Residency Relocation Loans

Some lenders offer private loans for residency interviewing and relocation costs. While minimizing your student loan debt is important, such loans are generally better alternatives to credit cards. These are consumer, not education loans and therefore do not require certification of financial eligibility by the Office of Financial Aid. Please contact lenders for terms before borrowing.

  Discover Student Loans Wells Fargo MedCAP-XTRA Loan SallieMae Student Loans
800-472-5543
 
Loan Limits  up to $18,000 $1,000-$15,000

Up to $20,000

 

Interest Rate

5.62 to 8.62 (variable)

6.99 to 9.99 (fixed)

8.85-9.07 (variable)

9.53-9.76 (fixed)

1 Month Libor plus 3.00% to 1 Month Libor plus 9.75% rate based on credit rating

 

Fees $0 $0

0%

 

Interest Capitalization Once at the end of any deferment or forbearance period  

At the beginning of repayment.

 

Repayment Terms up to 20 years  

Up to 20 years

Excluding deferment and forbearance periods

 

Deferment Options up to 2 months up to 36 months

Up to 48 months

 

Borrower Benefits 0.25% interest rate reduction with automatic payment enrollment  

Eligible for a 0.25% interest rate reduction for automatic payment.

Quarterly FICO score for free

Death and Disability loan forgiveness

 

 

All terms and conditions subject to promissory note of each program. Applicants are advised to contact the lender for specific and up-to-date terms and conditions. These loans require a separate application. Please contact the lenders to receive an application or apply online.