Residency and Relocation Loan
The Residency Loan is a private loan designed to assist you with the expenses associated with your interview and relocation process. Most lenders require similar criteria for student eligibility:
Some lenders also require a student to have a current or existing borrowing relationship through the lender already established.
Depending on the lender, some Residency and Relocation Loans have a 36 to 57 month grace period before repayment must begin.
Below is information on Residency & Relocation Loans used by some QCOM students:
Sallie Mae - minimum of $1,000 up to a maximum of $20,000
Wells Fargo - MedCAP Xtra Loan - $1,000 - $15,000 for residency interview and relocation expenses (up to $5,000 for interview travel and $10,000 for relocation)
Discover - minimum of $1,000 up to a maximum of $18,000
Students interested in applying for these loans should read the fine print, making sure they want to sign a 20-year repayment agreement with the lender. Students should follow the instructions listed by their lender. The QCOM Registrar must verify 4th-year enrollment before submitting an application to your 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. Any questions should be directed to your lender of choice.