Fifth Third Bank is pleased to offer the Residency and Relocation Loan which is a private loan for students in their final year of medical school. The Residency and Relocation Loan can help with expenses associated with finding a residency, including travel to interviews and relocation costs, which are not covered by federal student loan programs.

Eligibility

• You must be a U.S. citizen or permanent resident.
• You must be enrolled in your final year of study at an allopathic or osteopathic school of medicine.
• You must expect to be awarded the M.D. or D.O. degree during the same academic program year that you are applying for the Residency and Relocation Loan.
• You must meet current credit and other eligibility criteria.
• You must apply between August 1 and June 15 of the academic year in which you are in the final year of medical school.

Benefits

• Pricing that rewards creditworthy borrowers.
• Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
• Borrowers may apply for a cosigner release after successful completion of their education.¹
• A 0.25 percentage point interest rate reduction is available for automatic debit.²

Features

• Easy online application with fast credit decision and electronic signature ("eSign") available.
• 24/7 online account management.
• Combined billing is available for Sallie Mae-serviced student loans.
• There is no prepayment penalty.

Loan terms

Loan limits

You may borrow a minimum of $1,000 up to a maximum of $15,000.

Interest rate

• Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
• The Residency and Relocation Loan has interest rates that reward good credit. Interest rates are variable and are reset monthly based on the one-month LIBOR Index.

Fees

• Disbursement fees range from 0% to 4%.
• No repayment fee.

Repayment

• Flexible repayment options are available.
• Prepay your loan at any time without penalty.

Another way to help pay down your loan

Join Upromise^® and you can earn rewards on your everyday purchases. Those earnings can be automatically transferred to your student loan account, as long as your loans are serviced by Sallie Mae^®, to help pay down your eligible Sallie Mae-serviced student loans through Upromise Loan Link^®. Not all loans are eligible. To learn if your loan is eligible for Upromise Loan Link, or to register, visit Upromise.com.³

Legal

Residency and Relocation Loans are funded by Fifth Third Bank.

¹ The release of a cosigner is at the sole discretion of Sallie Mae. The borrower must have a satisfactory history of making principal and interest payments and meet underwriting guidelines when the request for cosigner release is processed. The borrower's account must remain current until the request for release is processed and the borrower must be a U.S. citizen or permanent resident at the time the cosigner release is processed.

² The automatic debit benefit is available for as long as the borrower's monthly payment amount is successfully deducted from the borrower's bank account. Borrowers can elect to make payments via automatic debit through Sallie Mae's online account management system. This benefit lowers the borrower's interest rate but does not change the amount of the monthly payment. This benefit is suspended during periods of forbearance and certain deferments.

³ To view whether or not a loan is eligible to participate in the Upromise Loan Link program, please visit Upromise.com/LoanLink. Access to Upromise is not limited to Sallie Mae customers

Borrower benefit information is valid as of April 30, 2009.

FIFTH THIRD BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS), AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE FIFTH THIRD EDUCATION LENDING WEB SITE (WWW.53EDUCATIONLENDING.COM) CLOSE TO THEIR LOAN APPLICATION DATE, AND AGAIN PRIOR TO DISBURSEMENT, TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES, AND BORROWER BENEFITS.

All loans are funded by Fifth Third Bank and are subject to credit review and approval. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC

Sallie Mae is a registered service mark of Sallie Mae, Inc. Upromise and Upromise Loan Link are registered service marks of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. ©2009 Sallie Mae, Inc. All rights reserved.