Residency/Relocation Loans for senior UNMC students:
The costs associated with interview travel and relocation are not required for graduation. They cannot be funded with federal student aid. If you are going to require student loan help to fund these costs, your only option will be a private residency/relocation loan. The residency/relocation loan is between you and the lender of your choice. The Financial Aid Office is not involved in this process.
UNMC cannot recommend a lender or prepare a preferred lender list. We encourage all students to take the Borrowing Essentials tutorial, provided on the Fast Choice web page, to ensure you understand the lender’s interest rate calculations, the difference between fixed and variable interest rates, and the lender’s repayment benefits/requirements, postponement requirements, etc.
You may also find the following links to be valuable as you prepare for your senior year residency process. These links are provided by the AAMC FIRST (Financial Information, Resources, Services, and Tools) program.