Information on Relocation Loans:
Students interested in applying for this relocation loan should read the fine print,
making sure they want to sign a the repayment agreement with the lender. Students
should follow the instructions listed by their lender. Once approved, funds will be
mailed directly to the address listed the application. The Office of Financial Services
is not directly involved in this particular loan process because these are private
loans to be applied for after graduation. Any questions should be directed to your
lender of choice.
Sallie Mae Medical Relocation Loan
- Rate type: Fixed or Variable
- Fixed Rate: 6.40% APR up to 11.89% APR. (Depending on loan terms)
- Variable Rate: 7.94% APR up to 13.34% APR. (Depending on loan terms)
Terms: 6 years
Minimum loan amount: $1,000
Maximum loan amount: $30,000
Cosigners allowed: Yes
Origination fee: None
Prepayment penalty: None
For more information please visit the Sallie Mae website.
Laurel Road
- Rate type: Fixed or Variable
- Fixed Rate: 5.24% APR up to 8.85% APR. (Depending on loan terms)
- Variable Rate: 5.34% APR up to 8.95% APR. (Depending on loan terms)
Terms: 5 or 7 years
Minimum loan amount: $5,000
Maximum loan amount: $45,000
Cosigners allowed: Yes
Origination fee: None
Prepayment penalty: None
For more information please visit the Laurel Road website.
PNC
Rate type: Fixed or Variable- Fixed Rate: 4.15% APR up to 13.99% APR. (Depending on loan terms)
- Variable Rate: 5.65% APR up to 15.49% APR. (Depending on loan terms)
Terms: 5 to 15 years
Minimum loan amount: $1,000
Maximum loan amount: $15,000
Cosigners allowed: Yes
Origination fee: None
Prepayment penalty: None
For more information please visit the PNC website.