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Congratulations, 2018 Grads!

Did you know?

You can refinance your student loans at a lower rate. You worked hard for your degree. Refinancing with Laurel Road can help you rest on those laurels by reducing your student loan rate. We save our customers $20,000 on average over the life of their loans.1 Get started by checking your rates today - with no impact to your credit score!

Calculate Your Payments

Your estimated monthly payment

$167–$220

With an estimated rate of 3.75%–5.90%

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The calculated payments are only an estimate for student loan refinancing; resident rate payments cannot be estimated using this payment calculator. Your actual payments will depend on the actual amount for which you are approved. Eligibility and rates offered will depend on your credit profile, total monthly debt payments, and income. Rates in the above calculations include a 0.25% discount for making automated payments from a bank account. Read important additional information in the term and conditions below.

Term
5 year
7 year
10 year
15 year
20 year
Fixed APR
3.50%—5.55%
4.00%—6.00%
4.30%—6.40%
4.60%—6.80%
5.05%—7.02%
Variable APR
2.50%—6.05%
3.75%—6.10%
4.00%—6.15%
4.25%—6.40%
4.50%—6.65%
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Eligibility and rates offered will depend on your credit profile, total monthly debt payments, and income. Rates in the above table include a 0.25% discount for making automated payments from a bank account. Read important additional information in the term and conditions below.

Repayment Term
5 year
7 year
10 year
15 year
20 year
Fixed APR
3.76%—5.75%
4.23%—6.20%
4.52%—6.60%
4.82%—7.00%
5.27%—7.44%
Variable APR
2.86%—6.25%
3.97%—6.30%
4.21%—6.35%
4.46%—6.60%
4.71%—7.10%
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For residents, eligibility and rates offered will on depend on your credit profile, total monthly debt payments, and income projections post training. Please note that residents or fellows with signed contracts to practice may qualify for our standard rate offerings found here. Residents who request a reduced payment period before entering full repayment will receive an interest rate based on the entire term of their loan, including the reduced payment period. For example, if someone applies for a 5 year loan, with a 3 year reduced payment period, they will receive a rate offer within the 10 year range above. Rates in the above table include a 0.25% discount for making automated payments from a bank account. Read important additional information in the term and conditions below.

Medical residents save big on interest.

As a medical resident, accrued interest does not capitalize while paying $100 per month†. This means you do not accrue interest on interest while in training.

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  • Hundreds, thousands – you could save a bundle!1
  • No origination fees or prepayment penalties
  • Delayed interest and low monthly payments
  • Eligible as soon as you’ve matched to a residency program
  • Economic hardship support up to one year*

Parent Loan PLUS Refinancing

Big savings. Little effort.

After your child has graduated, you can easily refinance the loans you took out on their behalf with our seamless online tool. With their consent, you can also pass the loan debt to your child as long as they are professionally employed and meet our lending requirements.*

Learn More

Student Loan Refinancing

What could you do with an extra $20,000?

Student loan refinancing enables borrowers to pay off their original student loans and obtain a new loan with different repayment terms and a lower interest rate. You can choose to refinance all or just some of your federal and private loans.

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Disclaimers

1 Average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.

2 Application detail: 5 minutes indicates typical time it takes to complete application with applicant information readily available. It does not include time taken to provide underwriting decision or funding of the loan.

* Terms and conditions apply.

*Laurel Road may agree under certain circumstances to allow a borrower to make $100/month payments immediately after loan disbursement if the borrower is employed full-time as an intern, resident, fellow, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.