What is a Travel-Relocation Loan? Travel-Relocation loans are private (non-Federal) loans available to graduating health profession students. The purpose of Travel-Relocation loans (sometimes called Residency loans) is to help cover the expenses associated with the transition from student to resident status. Some lenders only allow medical students to utilize their program, others allow podiatry students and other health professions. How do I apply for a Travel-Relocation Loan? Travel-Relocation loans are not certified by the Financial Aid Office. To apply for the loan, you must contact the lender yourself to obtain the application. Travel-Relocation loan funds will not be sent to the school, they will be sent directly to the borrower. We have provided a list of various lenders for Travel-Relocation loans. You may use this list as a starting point for your search for the loan that is best for you.
Travel-Relocation Loan Programs
These are the programs that we are still aware are operational. You may borrow from any other lender, if you so choose.
Fifth Third Bank Medical Residency & Relocation Loan http://web.53educationlending.com/medical-RR.asp 800-222-7192 May borrow up to $15,000 in final year of study.
SallieMae Medical Residency & Relocation Loan https://www.salliemae.com/student-loans/medical-residency-loan/ 888-272-5543
Wells Fargo MedCAP-XTRA Loan https://www.wellsfargo.com/student/loans/professional/medschoolloan 800-378-5526, option 3 Also available for podiatry, pharmacy, and physician assistant students. Can also be used to pay for medical boards and clinical exams.
CitiAssist Residency, Relocation, and Review Loans https://online.citibank.com/US/JRS/pands/detail.do?ID=CitiAssistHPRL 800-967-2400 May borrow up to $18,000 to cover board review courses, residency interviews, and relocation. Also available for podiatry students
Contact the Financial Aid Office: financial.aid@rosalindfranklin.edu (847) 578-3217