Federal regulations have been modified to allow some of the costs of residency interviews to be covered through federal loans, meaning Stafford or PLUS loans.  

The M4 Cost of Attendance budget includes a set amount of money for ERAS residency application expenses. (this amount is based on the average number of programs that the previous M4 class applied to) If you apply to more programs, you can submit receipts and we will be able to increase your loans to cover the total cost of your residency search expenses. The additional loans will be in the form or unsub loans, Grad PLUS loans, or private loans depending on your eligibility.  If you have to travel for interviews, please reach out to Chris Roling to discuss whether or not your loans can be increased for these interview expenses. (Always keep your receipts!)

There are also a few types of private loans that are available to M4 students to assist with residency search and relocation costs of the fourth year. These loans are available to credit-worthy borrowers in addition to other educational loans they might have. It is always best to maximize your eligibility against the standard cost of education before resorting to any of these loans, since these loans have less attractive terms than other, true, educational loans.

For information on residency loans, reach out to the Financial Services Department.