Sallie Mae rolled out a new loan program earlier this month, and although one official there said the lender had no existing plans to fund it through securitization, market players think otherwise.
The student loan provider launched the program, called Global Health Education Loan Program, or GHELP, to allow American students to pay for graduate health education at schools outside of the U.S. It is comprised of a suite of products that will allow medical school students to borrow up to 100 percent of the costs to attend eligible higher education institutions overseas. The program includes a Federal Stafford loan with no origination or federal default fees, a private education plan, and residency and relocation funding for graduate medical students, according to Sallie Mae. The GHELP loans can also be combined with Sallie Mae's graduate PLUS loan program for graduate and professional students.