Sallie Mae, a student loan consolidation company, introduces DENTALoanssm, a loan repayment program available to students enrolled in dental school or studying a dental specialty, or to dentists establishing a dental practice.
DENTALoans are available to students attending institutions eligible for Title IV student financial aid and to 56 US institutions and 10 Canadian institutions accredited by the American Dental Association.
Participating institutions must offer a DDS, a DMD, or advanced study programs in periodontics, pediatric dentistry, prosthodontics, endodontics, orthodontics, or oral and maxillofacial surgery.
DENTALoans offer interest rate reductions of more than 2% over Stafford loans and 1.85% over Graduate PLUS. The rate reductions are front-loaded and realized as early as the first disbursement, rather than granted after significant payments have already been made.
Sallie Mae advises dental students to maximize their borrowings under federal programs before supplementing them with private loans.
For more information, visit www.salliemae.com/dental.
[PR Newswire, February 20, 2007]