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Office of Financial Services

Student Affairs

Residency and Relocation Loan

Residency and Relocation Loan

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

The Residency and Relocation Loan is a private loan designed to assist you with the expenses associated with your residency relocation process. 

Relocation expenses

With the Relocation Loan® from Sallie Mae®, you can finance the costs associated with relocation costs, which will not be covered by federal student loan programs. You can also use the loan to cover board examination expenses.

Defer payments until after school

  • The Residency and Relocation Loan gives you the flexibility to defer payments while you are enrolled at least half time and for three years after graduating school.

Lower your interest rate

  • When you enter repayment, you can lower your interest rate by 0.25 percentage points while enrolled to make your scheduled monthly payments by automatic debit.

Be in control of your funds

  • All disbursements are made directly to you.

Enjoy total convenience

  • 24/7 online account management.
  • Easy online application—about 15 minutes is all you need.

Interest Rates

  • Rates are variable, and range from 3.58% APR to 9.97% APR.
  • Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.


  • No origination fee.
  • No repayment fee.

Repayment terms

  • No payments required while you're in school.
  • No prepayment penalty.
  • Repayment begins three years after graduation or nine months after leaving school or dropping to less than half-time status.
    • Request to make monthly interest payments for the first two or four years, followed by principal and interest payments for the remainder of the term or make monthly principal and interest payments for the full repayment term.


  • You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents who are attending or have attended participating schools located outside the U.S. are also eligible.
  • You must be enrolled at least half time in your final year of study at a participating allopathic, osteopathic, dental, veterinary medicine, or podiatric school located in the U.S., or have graduated from one within the past 12 months.
  • You must have been awarded or expect to be awarded the M.D., D.O., D.D.S., D.M.D., D.V.M., V.M.D., or D.P.M. degree during the same academic program year that you are applying.
  • Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

General Information: 
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.

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