Medical Residency and Relocation from Sallie Mae Bank

Pros & Cons

Fixed Rates

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)