Laurel Road has reduced rates on student loan refinancing for optometrists, nurses, dentists, physicians, or physician's assistants. This is why it is the best loan consolidation option for medical students.
The medical school loan program by Laurel Road is available for medical fellows or residents who want to consolidate into a single loan payment their federal and private loans.
During your residency, the interests won't compound. The Company also allows you to reduce your payments for up to four years to as little as $100 per month before you start standard repayments.
Residents' eligibility requirements depend on their:
· Credit profile
· Monthly debt payments
· Income projections at the end of their training period
For medical students with associate degrees in eligible healthcare fields, Laurel Road offers a refinancing option for up to $50,000. This maximum of $50,000 will not apply to parents borrowing for children pursuing an associate degree.
Prospective borrowers can see their potential savings with a refinance using the Company's online calculator.