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When savings, scholarships, and federal aid aren’t enough, get the money you need to help pay for graduate school. You can choose to make your Health Professions Graduate Loan payments in school or defer until after you leave, and select a variable or fixed interest rate, whichever works best for you.

Choose a variable or fixed interest rate

Variable interest rate:   
4.00% - 8.91% APR*

Your starting Health Professions Graduate Loan interest rate may be less than a fixed interest rate, which could result in a lower total student loan cost.

Your interest rate can rise or fall as the market index changes, so your Health Professions Graduate Loan payments may vary over time.

Fixed interest rate:   
5.74% - 8.56% APR*

Get predictable monthly payments with a Health Professions Graduate Loan interest rate that doesn’t change over time.

You may pay more for your total Health Professions Graduate Loan cost because a fixed interest rate is usually higher than a starting variable interest rate.

If you’re highly qualified, you may receive a lower interest rate than with a Federal PLUS Loan for Graduates.

Compare graduate student loan options

Pay it back now or later

With up to 15 years to repay, you’ll have flexibility while you’re getting settled in your career. Plus, you always have the option to pay extra, with no prepayment penalty.

Deferred repayment option

In school In grace After school No payments Principal & interest

Make no scheduled Health Professions Graduate Loan payments while you’re in school and in grace (six months after leaving school).*

With this Health Professions Graduate Loan repayment option, you'll likely pay more for your total student loan cost, since the interest rate may be higher and unpaid interest will continue to be added to your principal amount at the end of your grace period.

Fixed repayment option

In school In grace After school $25 a month** Principal & interest

Pay $25 every month** you're in school and in grace, and you can save an average of more than 9%*** on your total Health Professions Graduate Loan cost, compared to our deferred repayment option.*

While your total loan cost will be less than with our deferred repayment option, unpaid interest will be added to your principal amount at the end of your grace period.

Interest repayment option

In school In grace After school Pay interest monthly Principal & interest

Pay your Health Professions Graduate Loan interest every month you're in school and in grace. Your interest rate will be 0.50 percentage points lower than with the deferred repayment option* and you can save an average of more than 10%*** on your total loan cost, compared to our deferred repayment option.*

Your total loan cost will likely be lower than with the other repayment options, but your Health Professions Graduate Loan payments will likely be larger while you’re in school and in grace.

* Interest rates for Fixed and Deferred Repayment Options are higher than interest rates for the Interest Repayment Option. You're charged interest starting at disbursement, while in school and during your six-month separation or grace period. When you enter principal and interest repayment, Unpaid Interest will be added to your loan's Current Principal. Variable rates may increase over the life of the loan. Advertised APRs assume a $10,000 loan to a first-year graduate with no other Sallie Mae loans. Graduate student pricing for this loan is limited to students enrolling in a Masters/Doctorate level degree program. Graduate Certificate/Continuing Education course work is not eligible.

** This repayment example is based on a typical loan to a first-year graduate borrower who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 7.83% variable APR. It works out to 27 payments of $25.00, 59 payments of $223.52 and one payment of $205.09, for a Total Loan Cost of $14,067.77. Variable rates may increase over the life of the loan.

Eligible areas of study for the Health Professions Graduate Loan

  • Allied health
  • Biomedical sciences
  • Chiropractic
  • Clinical psychology
  • Clinical research
  • Dental assistant
  • Dental hygienist
  • Dental lab
  • Emergency medical services
  • Graduate health administration
  • Health care policy and management
  • Health professions
  • Medical assistant
  • Nurse anesthetist
  • Nurse practitioner
  • Nursing
  • Occupational therapy
  • Oriental medicine
  • Pathology assistant
  • Pharmacy graduate
  • Pharmacy tech
  • Physical therapy
  • Physician assistant
  • Psychology
  • Public health
  • Respiratory

An internship/residency deferment can give you flexibility

A deferment may help you postpone or reduce your Health Professions Graduate Loan payments. It’s available in increments of 12 months, up to a total of 60 months. During the deferment, your student loan returns to the same repayment option (i.e., interest, fixed, or deferred) you had in school.

Learn about an internship/residency deferment

Benefit from these Health Professions Graduate Loan features

Lower your total student loan cost—get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.

Pay no origination fee or penalty for paying off your Health Professions Graduate Loan before its due date.

Borrow from $1,000 up to 100% of the school-certified cost of attendance.

Track your credit health with quarterly FICO® Credit Scores available online for free to you and your cosigner.

Request to make 12 monthly interest-only payments after you finish school.

Ways to help make your health professions degree happen

If you need money for your residency and relocation

Get help with paying expenses associated with board examinations, interview travel, and moving costs.

Learn about the Dental Residency and Relocation Loan

Learn about the Medical Residency and Relocation Loan

A cosigner may be a good option

Graduate borrowers are four times more likely than undergraduates to be approved on their own. However, if your credit isn’t strong, you may have a better chance of approval if a parent, spouse, or other creditworthy individual cosigns your Health Professions Graduate Loan.

Consider a cosigner

Find graduate school scholarships

Use our Graduate School Scholarship Search to get custom scholarship matches based on your field of study, interests, and skills. Once registered, you will get free access to $1 billion in graduate scholarships.

Register today

Applying online is easy

is about all it takes to apply and get
a credit result.

of customers would recommend our online loan application process.

Source: Sallie Mae online loan application surveys, July 2016 – June 2017.

Questions? Need help applying?

Call us at (877) 279-7172

Didn’t find what you were looking for? See all student loans.

Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

This information is for borrowers attending degree-granting institutions only. You must be attending or have attended a participating school located in the U.S. during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount.

If at any time during the repayment period you enter an approved residency or internship program, you may contact us to request the Residency/Internship Deferment. To apply for the Residency/Internship Deferment, you must submit a form completed by you and an official from the residency or internship program to us for consideration. If you receive the Deferment, the Current Amount Due you will be required to pay each month during the deferment period will reflect the same repayment option that applied to your loan during the in-school period. Deferment periods are issued in up to 12-month increments. You can receive a maximum of four 12-month deferment periods (48-month maximum). Interest is charged during the deferment period and Unpaid Interest may be added to the Current Principal at the end of each deferment period, which will increase the Total Loan Cost.

Available for loans used to pay qualified higher education expenses at a degree-granting institution. Graduated Repayment Period (GRP) allows interest-only payments for 12 billing periods after principal and interest repayment begins. At the time of GRP request, the loan must be current (not past due). Customers may request GRP during the six billing periods before and the 12 billing periods immediately after the loan first enters principal and interest repayment. GRP does not extend the loan term. GRP increases the Total Loan Cost and monthly payments after the GRP will be higher than they would have been without it.

Borrower or cosigner must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month, and may therefore be suspended during a forbearance or deferment period.

Only the borrower may apply for cosigner release. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if your status has changed since you applied). In the last 12 months, the borrower must be current on all Sallie Mae serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually, and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: open bankruptcy, open foreclosure, student loan(s) in default or 90 day delinquencies in the last 24 months. Requirements are subject to change. Shortest qualification period based on a 3/29/18 review of national private loan programs offered by publicly-traded competitors.

Borrowers and cosigners who have an available FICO® Score, may receive their score quarterly after the first disbursement of their loan. The FICO® Score provided to you is the FICO® Score 8 based on TransUnion data, and is the same score that Sallie Mae uses, along with other information, to manage your account. FICO® Scores and associated educational content are provided solely for your own non-commercial personal review, use and benefit. This benefit may change or end in the future. FICO® is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

Explore federal loans and compare to ensure you understand the terms and features. Smart Option Student Loans that have variable rates can go up over the life of the loan. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.

Rates, fees and availability of federal loan products are subject to change by the Federal Government. Check for the most up-to-date information about federal loan products.

Health Professions Graduate Loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 4/25/2018.