Dental Residency Student Loans Explained

As part of your dental residency you will most likely need some money to get through. The dental residency process can get very expensive because you do not really have time to work and must still pay your bills. Bridging that financial gap can sometimes be tough. Student residency loans help bridge that gap, here are a few things to consider about dental residency loans. 

Who Qualifies?

The dental residency loan program is not for everyone. You have to meet certain criteria in order to qualify for the loan. For one thing, you have to be pursuing a career in dentistry. You have to either be in your final year of dental school or within six months of your graduation from dental school to qualify. If you do not fall into that category, then this program is not for you. You also have to be at least 18 to qualify for the program. The only exception is if you reside in Alabama or Nebraska where the age limit is 19. 

What You Get

If you qualify for this type of loan program, you can get up to $20,000 to cover your expenses during dental residency. During dental residency, you are often faced with a lot of expenses that are not covered by typical student aid. This program will help you with those costs. For example, it will cover your costs while you are preparing for the dental board exam preparation. It will cover your costs while you go around to interviews in order to ind employment after graduation. It can help you pay for room and board, transportation, food, and any other expenses that you may have during this period in your life. The process of going from graduation to employment in the dentistry field can sometimes be difficult. Therefore, this loan is designed to help fill in the gaps. 


Using this loan has several benefits that come with it. For one thing, you will be able to get up to 15 years to pay the money back. Once you start making a decent wage as a dentist, this should give you ample time to repay the balance. You can even defer the payments for a certain period of time during your residency program. Some programs allow you to put off making any payments for as long as seven years. This allows you to focus on becoming a dentist instead of making monthly loan payments.

If you get a cosigner, they may be able to be released from the loan after four years of on time payments. This makes it more attractive to someone that may be willing to help you get the loan. This way you will not have to qualify for the loan on your own merit, but you can limit your cosigners risk at the same time.

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