Sallie Mae's Medical School Loan Program offers low-cost loans designed specifically for allopathic and osteopathic medical students.

Under the program, you can apply for a Medical School Loans Stafford Loan and Medical School Loans Private Student Loan to cover your educational expenses. The Medical School Loans Residency and Relocation Loan is available to help cover residency expenses, such as relocation costs.

Ask your medical school financial aid administrator for Sallie Mae Medical School Loans application materials, or call Sallie Mae Medical School Loans customer service at 800-858-5050.

Eligibility

•	Citizen or permanent resident of the U.S.
•	Enrolled at least half-time at a school of allopathic or osteopathic medicine.
•	Meet lender's credit criteria.
•	Medical students must apply for a Federal Stafford Loan before applying for the Medical School Loans Private Student Loan. (Applying for a Stafford loan through Sallie Mae's Medical School Loans program fulfills this requirement, and offers many benefits.)

Limits

Medical Student Loans Private Student Loan Interest & Fees

For interest rate and fee information, please visit Sallie Mae.

Medical School Loans Private Student Loan Repayment Terms & Benefits
You have up to 20 years to repay the loan. The minimum payment is $50 per month.

Repayment for Medical School Loans begins either:

• Three years after your graduation
• Nine months after withdrawing, or if your enrollment drops to less than half time prior to graduation.

Medical School Loans Rewards: Maintain a schedule of on-time payments and receive an immediate 0.50 percentage point interest rate reduction.

Medical School Loans Direct Repay: Have your payments automatically withdrawn from your bank account and receive a 0.25 percentage point interest rate reduction

Final Year Students
How are you going to cover costs of residency interviews and relocation? You may be eligible for a Medical School Loans Residency and Relocation Loan if you are in your final year in an approved osteopathic or allopathic school of medicine and expect to receive your MD or DO degree in the current academic year.

The lifetime maximum you can borrow under the Medical School Loans Residency and Relocation Loan is $15,000. Repayment begins three years after graduation or nine months after withdrawal.

Medical School Loans Residency and Relocation Loan Interest Rates & Fees

For interest rate and fee information, please visit Sallie Mae.

Medical School Loans Residency and Relocation Loan Rewards: Maintain a schedule of on-time payments and receive an immediate one percentage point interest rate reduction.

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