Dental Residency and Relocation from Sallie Mae Bank

Updated November 22, 2021
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Check your student loan rates

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Fixed APR
5.93 - 9.94%
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Variable APR
3.15 - 8.58%
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Amount
up to $30,000
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Grace period
9 - 36
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Degree
Graduate
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Co-signer required
Yes

Options

  • Degree:
    Graduate
  • Bank:
    Sallie Mae Bank
  • Credit Level:
    Fair (580-669)
  • When funds are available:
    10 business days.

Fees

  • Origination fee
    No origination fee.
  • Early payment fee
    No early payment fees.

Pros & Cons

Pros:
  • No origination fee or prepayment penalty
  • Autopay discount
Cons:
  • Information not available on minimum qualifying credit scores or income

Variable rates

Rates
3.15 - 8.58%
Term
60 - 180 months
Loan Amount
$1,000 - $30,000

Fixed Rates

Rates
5.93 - 9.94%
Term
60 - 180 months
Loan Amount
$1,000 - $30,000
Autopay
0.25%*
* In case of using Autopay service your rate is reduced by 0.25%
View all Rates & Fees

Repayment Options

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).

Requirements

  • What you need to get approved (Qualifications)
    FICO® score 600 or higher.
  • Residence

    Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school 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.

  • Requirements Description
    • Permanent address. Note: If you've lived at your permanent address less than one year, you'll need to provide your previous address
    • Social Security Numbers of the borrower, cosigner and student, if applicable
    • School information to include name, enrollment status, degree and course of study
    • Academic period of enrollment and year in school
    • Loan amount requested and other financial aid the student expects to receive
    • Your employment information (company name and gross income)
    • Financial information, including your bank accounts, and your monthly mortgage or rent payments
    • Name and contact information for two personal contacts (not required for cosigners)

Description

  • Sallie Mae® Dental Residency and Relocation Loan is for graduate students. This loan is for students who are pursuing or have received a D.D.S., or D.M.D. degree.

    The Sallie Mae® bank provides loans with rates between 5.93% and 10.19% Fixed, 2.90% and 8.58% Variable (the lowest rates include the autopay discount).

    The Sallie Mae® bank does not charge origination fees or prepayment penalty.