1. Residency Interviews and Relocation Deana Summerlin Assistant Director Financial Aid

2. Overview Year 4 Cost of Attendance Residency Interview Expenses Residency Relocation

3. Cost of Attendance Components Included Tuition and Fees Room and Board – Rent, utilities, phone, groceries Books and Supplies – Including lab equipment, exam fees Personal Expenses – Medical, dental, clothing, cleaning, etc. Transportation – Insurance, maintenance, gasoline Insurance Other Allowable Components Dependent Care Residency Interview Expenses

4. Year 4 Cost of Attendance Year 4: July 5, 2016 - April 30, 2017 Fall SpringTotal Tuition & Fees $ 10,467.00 $ 20,934.00 Room & Board $ 7,388.00$7,387.00 $ 14,775.00 Books & Supplies $ 1,910.00 $634.00 $ 2,544.00 Personal $ 1,395.00 $ 2,790.00 Transportation $ 1,888.00 $1,887.00 $ 3,775.00 Insurance (all) $ 891.00 $ 1,782.00 Loan Fees $ 404.00 $ 808.00 TOTAL $ 24,343.00 $23,065.00 $ 47,408.00

5. Residency Interview Expenses ERAS Application Fees NRMP Application Fees Reasonable round-trip travel – Air, train, ground – www.irs.gov standard mileage rate www.irs.gov Reasonable costs of lodging and meals – www.gsa.gov per diem rate www.gsa.gov

6. Residency Interview Expenses – How Do I Request Additional Funding? Determine if you have any remaining student loan eligibility to utilize – Unsure? Contact me – Graduate Plus loan www.studentloans.gov Complete and submit the Request to Consider Additional Costs form directly to me – Supporting documentation

8. Residency Relocation Fourth year medical students may find it necessary to borrow additional loans for residency relocation and travel expenses. Residency Relocation loans are available to fourth year medical students to borrow 180 days before or up to 180 days after graduation and do not have to be certified by the financial aid office. Are private loans, not federal student loans Many different loan programs and options to choose Pay close attention to the terms of each loans

9. Residency Relocation Evaluate – Interest rate – Maximum loan amount – Processing time – Disbursement dates – Length of loan repayment – Terms and conditions of the loan

10. Residency Relocation Some questions to ask – How is the interest rate calculated? – Is it a fixed or variable rate loan? – When does repayment start? – Are deferment and forbearance options offered?

11. Residency Relocation Some lenders to explore – Discover Student Loans www.discoverstudentloans.com – Sallie Mae www.salliemae.com – Wells Fargo www.wellsfargo.com

12. Contact Information Deana Summerlin summerlind@ecu.edu 252-328-6610 – Identify yourself as a BSOM student and ask for me directly Fax: 252-328-4347

13. Questions???