RESIDENCY AND RELOCATION LOANS
(FOR MEDICAL STUDENTS ONLY)

Consumer loans are available to medical school seniors to assist with residency interviews and relocation after graduation. The amounts, interest rates/fees and repayment terms vary among lenders.  Students should use caution when applying for residency/relocation loans and beware of the amount of total debt (federal and personal) that the student will accumulate.  These loans usually have higher interest rates, cannot be consolidated with federal consolidation loans, and do not have the same deferment, repayment, and cancellation terms as federal student loans. 

Residency/Relocation loans are non-educational loans and are not certified by the Financial Aid Office. LSUHSC-S cannot recommend a lender nor assist students with the application process for these loans.  Student wanting to borrow a residency and relocation loan are advised to thoroughly research all loans and lenders that they are considering before applying.

Some federal student loan lenders offer a package of loans to help students meet their educational needs.  Students seeking Residency and Relocation Loans may want to start their search with the holder of their federal student loans.