Vehicle purchase or lease (medical students)
Any medical student who does not own a vehicle or whose vehicle is in need of expensive repairs ($1,000+) may obtain funding through a private lender to cover these expenses. Funding is also available to students who have vehicle payments as a result of a loan borrowed prior to matriculation.
Up to $8,000 may be requested for a vehicle purchase ($7,000 vehicle, $1,000 tax and registration fees), lease or loan payment funding. Students will be required to document purchase or lease by providing a receipt, DMV registration, bill of sale or purchase or loan agreement. Purchases made within six months of graduation will not be funded.
The selection of a private student loan provider is entirely the student's choice. To assist students in making the best lender choice, some private loan options are available here (PDF). Some lenders may require payments during enrollment. We encourage students to compare lenders for overall costs, interest rates, front and back-end repayment incentives, and more. Apply for the loan of your choice using our federal school code 001313-72. Once you have been pre-approved for the loan, contact the financial aid director at (916) 734-4120 to complete the loan certification process.