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Financial Aid & Scholarships Office


Residency and Relocation Loan

Anschutz Medical Campus Students Only

Students enrolled in dental medicine, medicine, pharmacy and certain other disciplines may be eligible for a Residency/Relocation Loan.

  • Residency loans are private or alternative student loans that are for expenses related to travel, interviews and relocating for residency or internship.
  • Students can generally apply one year prior to graduation and up to one year after graduation.
  • Please note that students are not limited to the lenders listed on this page.
  • Students are encouraged to refer to their lender for specific eligibility requirements and terms.
What is a private student loan?
  • In this case, a private or alternative student loan is a credit-based education loan made by private lenders.
  • Students may be required to apply with a creditworthy co-borrower.
  • The interest rate is generally variable and based on the student's credit (and co-borrower's credit if required).
  • You will apply directly with the lender of your choice and the loan funds will be sent directly to you.
Will my credit be considered?
  • Yes, you and your co-borrower (if required) must meet the lender’s established minimum credit criteria.
  • Lenders may consider a number of factors when determining loan eligibility, such as credit-worthiness and debt-to-income ratio.
  • You and your co-borrower can obtain a free copy of your credit reports from for any of these major credit reporting agencies:

How to Evaluate and Choose a Lender

Choosing a good lender will ensure that the entire loan process goes more smoothly, from application to that final payment. You'll want to compare the following aspects of lender services when deciding which lender to choose:

Interest rates, fees and terms:

  • How is the interest rate calculated?
  • Can I get a better interest rate by applying with a co-signer?
  • Are there any additional fees for this loan?
  • What are the terms of the loan?

Customer service:

  • Can I reach a live operator quickly to check on the status of my loan during hours convenient for me? Can I set up an online account and will it show me current information and timely updates?

Loan application processes:

  • Can I apply online?
  • Is instant loan approval offered?

Repaying your loan:

  • How soon after I finish my residency requirements do I have to start repaying the loan?
  • Does the lender offer deferment or forbearance options?

Early payment:

  • Are there any penalties for paying off the loan early?

Repayment plans:

  • What repayment plans and options are available?

Repayment incentives:

  • What incentives does the lender offer for borrowers who pay on time or make loan payments electronically?


  • If you are seeking a loan to cover residency, relocation or board exams, you must initiate the process by contacting a lender of your choice.
  • If the lender requires the school to certify enrollment or expected participation in a residency or internship program, please contact the Financial Aid Office.
  • Funds will be sent directly to the student.

Below is a list of Residency and Relocation Loan lenders used by students at CU Anschutz over the past academic year. We encourage you to utilize the information in the "Choosing A Lender" tab when selecting your lender. Please note that you are not limited to the lenders listed below. Please refer to your lender for specific eligibility requirements and terms. If the lender requires a school code, please use the University of Colorado Denver school code 004508-00.

Loan Program Eligible Major(s)
Discover Residency & Relocation Loan Dentistry, Medicine, Nursing, Pharmacy, Physician Assistant, and Physical Therapy
PNC Bank ​Medicine
Sallie Mae Dental Residency & Relocation Loan Dentistry
Sallie Mae Medical Residency & Relocation Loan Medicine
SunTrust Dentistry, Medicine
Wells Fargo Me​dCAP-XTRA Loan for Residency & Relocation and Internship​ Dentistry, Medicine, Pharmacy, Physical Therapy, Physician Assistant

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