Residency Loans

[ccmd2b]

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Does anyone know if a decent residency loan to help out with expenses during training? One that can be deferred till after graduation?

Thanks in advance.

 

[dotdash]

I don't know about "decent", but we just got a marketing piece from SunTrust, offering $45,000 for living expenses during residency. You might try them, as they seem to have a special product, but that's not saying you wouldn't do better just walking into your neighborhood bank....

 

[slowlybutshelly]

I have maxed out all my federal loans for educational purposes and also took out a private loan with Sallie Mae. I have no money for residency interviews so I will be in the area I am in now. I see this thread about people getting more money for residency training and more deferments; is that possible? I cannot imagine taking out more loans than I already have; or even that a residency program would offer that as an option for me. Just curious...

 

[McGillGrad]

I have maxed out all my federal loans for educational purposes and also took out a private loan with Sallie Mae. I have no money for residency interviews so I will be in the area I am in now. I see this thread about people getting more money for residency training and more deferments; is that possible? I cannot imagine taking out more loans than I already have; or even that a residency program would offer that as an option for me. Just curious...

Speaking for Canada, banks instantly offer you a 50,000$ line of credit once you secure residency. I would imagine it would be the same in the US since Canada has stricter banking regulations....i.e. you basically have to currently have 60% of the money you're trying to borrow....lol