Student Loan Repayment for Residents
Learn how to manage your medical school debt with ease.
We understand the stress of managing medical school debt – especially during training. If you have student loan questions, set up a free 30-minute meeting and one of our GradFin specialists1 can review your repayment, refinancing, or forgiveness options, and recommend a plan.
Schedule a Consultation
A GradFin student loan consultation can help you:
Apply for IDR
Learn how income-driven repayment (IDR) can help you manage your monthly payments during training.
Navigate PSLF
Find out if you qualify and how to stay on track if you're pursuing Public Service Loan Forgiveness (PSLF).2
Explore Refinancing
Compare your refinancing options. With Laurel Road, residents are eligible for $100 monthly payments during training.3
Personal Loans for Residents
Borrow against your earning potential during training.
Laurel Road offers personal loans that are tailored specifically for residents like you – with low monthly payments and lending decisions that consider what you're likely to earn after residency.
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Benefits of a Laurel Road Resident Personal Loan
Payments starting at $25/mo4
Loans designed to recognize the investment you've made in your future.
Borrow up to $45,0005
Get the funds you need if you're in training or have a match letter.
Easy Online Application
Complete the entire process online from home, on your own schedule.
AutoPay Discount6
Reduce your interest rate by 0.25% when you set up automatic payments.
Mortgages for Residents
Finance the dream of homeownership – as a resident.
Benefits for eligible physicians and dentists (and residents!) include premium service, flexible down payment options, relationship discounts, and more. Check your rate online in minutes.
To get started, speak to a KeyBank mortgage specialist at 1-877-801-4686.
Benefits of a Laurel Road Physician Mortgage
Extensive Mortgage Options
Find the right option with conventional or specialty loans for doctors.
0.25% Relationship Discount8
Get a rate discount with monthly AutoPay from your Laurel Road or KeyBank Checking.
Quick tips for refinancing student loans.
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For borrowers with federal student loans, or a combination of federal and private loans, our student loan experts can help you weigh your options. During your consultation, a specialist will break down your student loan profile, provide a chart on what your new loan payoff could look like, answer questions about what terms are the best for your unique situation, and answer any application questions you may have.
If refinancing is determined to be your best option, they can help you understand what information impacts the interest rate that you might expect to be offered on your loan refinancing. Items such as your FICO score, income level, student loan balance, and current interest rate structure can impact your offer, and your specialist can walk you through how to qualify for the lowest rates on your loans.
Yes, Laurel Road refinances student debt for doctors (MD or DO) and dentists (DDS or DMD) while they are in residency and before they begin practicing as attending physicians. Residents can defer making full payments on their loan up to 6 months after their residency and fellowships. Total loan term including residency, fellowship and grace period must not exceed 20 years. The deferment period for residency, fellowship, and grace period must be approved and disclosed at the time of application – you will not be able to extend the term of the loan after it is disbursed. If fellowship is determined after your loan is closed, you may be able to refinance with Laurel Road to take advantage of reduced payments during fellowship.
No. Residents who accrue interest while paying $100 per month on their student loan will see their interest capitalize at the end of the reduced payment period and only when they start on a standard repayment term.
If you are refinancing any federal student loans with Laurel Road, you will no longer be able to take advantage of federal income driven repayment programs or student loan forgiveness, including but not limited to: Income Based Repayment (IBR), Pay As You Earn (PAYE) or Revised Pay As You Earn (REPAYE), and Public Service Loan Forgiveness (PSLF). For more information about the benefits of these federal programs and other federal student loan programs, please visit https://studentaid.gov/.
KeyBank’s Physician and Dentist Mortgage is a home loan tailored specifically to physicians and dentists featuring up to 95% financing for loans of $1,500,000 or less with no Private Mortgage insurance required.* These loans have fewer restrictions than conventional mortgages and recognize the lender’s trust in medical professionals’ creditworthiness and earning potential.
*Only available to interns, residents, fellows, doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), or Doctor of Dental Medicine (DMD). Doctors and dentists that are not actively practicing are ineligible. Additional conditions and restrictions apply.