Get the free Sallie Mae Residency & Relocation Loan Application

This document provides detailed instructions for completing the application for the Sallie Mae Residency & Relocation Loan, specifically targeted at borrowers and cosigners, outlining the necessary

How to fill out sallie mae residency relocation

How to fill out Sallie Mae Residency & Relocation Loan Application

1. Visit the Sallie Mae website and navigate to the Residency & Relocation Loan section.
2. Click on the 'Apply Now' button to start your application.
3. Create an account if you are a new user or log in if you already have an account.
4. Fill out the personal information section, including your name, address, and contact details.
5. Provide details about your medical school, residency program, and expected start date.
6. Enter your financial information, including income, existing debts, and estimated relocation costs.
7. Review the terms and conditions of the loan.
8. Submit any required documentation, such as proof of enrollment or residency program acceptance.
9. Double-check all information for accuracy before submitting the application.
10. Wait for a decision on your application and follow up if necessary.

Who needs Sallie Mae Residency & Relocation Loan Application?

1. Medical students who are applying for residency programs.
2. Residents who need financial assistance for relocation expenses.
3. Individuals looking to cover costs related to moving and living expenses during their residency.

People Also Ask about

What is a residency and relocation loan?

These residency and relocation loans are considered private loans for students in their final year of medical school to help cover expenses associated with finding a residency position.

Can international students apply for Sallie Mae loans?

International students who reside in and attend school in the U.S. can apply for Sallie Mae private student loans with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident).

How much is a $30,000 student loan per month?

The payments on a $30,000 student loan can be affordable for many budgets. A loan term of 10 years at 5% interest gives you monthly payments of $318.20, while financing the same amount for 20 years at 7% interest gives you monthly payments of $232.59.

How difficult is it to get a Sallie Mae loan?

While it's harder to get approved without a cosigner, Sallie Mae considers your credit history, income, and school enrollment status when determining eligibility. They offer fewer loan term options than College Ave, but their interest rates are competitive, starting at 3.99% for fixed rates.

Does Sallie Mae offer loans to international students?

Types of Sallie Mae international student loans Sallie Mae offers student loans to a variety of borrowers, including international students and Deferred Action for Childhood Arrivals (DACA) recipients. You can get the following types of private student loans through Sallie Mae: Undergraduate.

Can F1 students apply for student loans?

While international students can't receive U.S. federal student aid like federal loans or work-study, there are still options available to help pay for higher education. You might be eligible for financial aid allocated for international students, as well as scholarships, grants, and even private student loans.

Can I apply for a loan as an international student?

International students can seek education loans by applying with a creditworthy US-based co-signer or through specialized lenders offering loans for non-US citizens. Some home country banks or international organizations also provide funding options.

Can a foreign student get a student loan in the USA?

They're not eligible for federal financial aid from the U.S. Department of Education, which includes subsidized and unsubsidized loans. However, international students can borrow money from a private lender – this will be a predefined, fixed amount or your school-certified cost of attendance, depending on the lender.

For pdfFiller’s FAQs

What is Sallie Mae Residency & Relocation Loan Application?

The Sallie Mae Residency & Relocation Loan Application is a financial tool designed to assist graduate students, particularly those in medical fields, with funding the costs associated with relocating for internships, residencies, or other job-related moves.

Who is required to file Sallie Mae Residency & Relocation Loan Application?

Graduate students, especially those in medical or dental residencies, who need financial assistance for relocation expenses are required to file this application.

How to fill out Sallie Mae Residency & Relocation Loan Application?

To fill out the Sallie Mae Residency & Relocation Loan Application, applicants need to provide personal identification information, details about their residency program, estimated relocation costs, and any income information required for the application process.

What is the purpose of Sallie Mae Residency & Relocation Loan Application?

The purpose of the Sallie Mae Residency & Relocation Loan Application is to provide financial support to students who may face significant relocation expenses as they move for their residency or internship positions.

What information must be reported on Sallie Mae Residency & Relocation Loan Application?

Applicants must report personal information, residency program details, estimated costs of relocation, any financial aid or assistance received, and other relevant financial data necessary to assess their eligibility for the loan.