Residency and Relocation Expenses


Residency and relocation loans can be utilized to help pay for travel costs associated with residency interviews, and relocation-related expenses.

Residency and relocation loans do not require school certification, Therefore,  you no longer need to submit Cost of Attendance appeals, save receipts, and compile expenses to increase your cost of attendance to apply for additional loan funds.

Review possible loan options through the ELM Select portal.

  • Discover Residency Loan
  • PNC Solution Loan for Health Professions Residency
  • Sallie Mae Dental Residency and Relocation Loan
  • Sallie Mae Medical Residency and Relocation Loan
  • Wells Fargo MedCAP-XTRA Loan for Financing after School

Should you borrow a residency and relocation loan for your expenses? The AAMC’s Residency and Relocation Loan: Borrow or Not to Borrow article is a great resource to help aid in your decision.



The Host-A-Student Program is a great way for students to save money when traveling for residency interviews and the Step 2 exam. Visit their website to apply for the program

Airbnb and 9Flats are possible options to find lower cost accommodations while traveling.


Student Financial Services and Housing Resources provides accommodation information solely as a courtesy. Boston University does not endorse any companies and accepts no responsibility for the accuracy or reliability of listings. Contact with the persons and companies must be conducted independently, and at your own risk



Should you take residency loan deferral options? Please review the AAMC’s Postponing Loan Repayments During Residency article for helpful tips.