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Student Loan Refinancing for ADA Residents

Hundreds, thousands – you could save a bundle!1

No origination fees or prepayment penalties

Up to 12 months of forbearance is available*

Eligible for another discount of 0.25% when monthly payments are made automatically from a bank account

Learn About Rates

Exclusive interest rates available to ADA residents

Loan Term (Years)
5 year
7 year
10 year
15 year
20 year
Standard APR%*
2.41%—6.25%
3.97%—6.30%
4.21%—6.35%
4.46%—6.60%
4.71%—7.10%
Member APR%**
2.16%—6.00%
3.72%—6.05%
3.96%—6.10%
4.21%—6.35%
4.46%—6.85%
Check My Rates

For residents, eligibility and rates offered will 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. For residents who request a partially deferred payment period, before entering a full repayment period, the interest rate will be based on the nearest term offered that includes the entire term of their loan - the partially deferred payment period plus the full repayment period. For example, if a resident or fellow applies for a 5 year loan, with a 3 year partially deferred payment period, they will receive a rate offer within the 10 year range above. Rates, in the above table, assume 3 months left in residency and include a 0.25% discount for making automated payments from a bank account. For important additional information, please see the Terms and Conditions at the bottom of the page.

Loan Term (Years)
5 year
7 year
10 year
15 year
20 year
Standard APR%*
3.76%—5.75%
4.23%—6.20%
4.52%—6.60%
4.82%—7.00%
5.27%—7.44%
Member APR%**
3.51%—5.50%
3.98%—5.95%
4.27%—6.35%
4.57%—6.75%
5.02%—7.19%
Check My Rates

For residents, eligibility and rates offered will 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. For residents who request a partially deferred payment period, before entering a full repayment period, the interest rate will be based on the nearest term offered that includes the entire term of their loan - the partially deferred payment period plus the full repayment period. For example, if a resident or fellow applies for a 5 year loan, with a 3 year partially deferred payment period, they will receive a rate offer within the 10 year range above. Rates, in the above table, assume 3 months left in residency and include a 0.25% discount for making automated payments from a bank account. For important additional information, please see the Terms and Conditions at the bottom of the page.

**American Dental Association APR reflects 0.25% EFT discount and 0.25% discount only available to ADA members

Apply in 3 Easy Steps

Instant Rates

Discover your rate options instantly after filling out a short online form - no hard credit pull required.

Upload Documents

Easily upload a few documents to verify your identity and desired loan.

Acceptance & Approval

Once approved, we'll send your final rates, terms and applicable disclosures. Accept the terms and e-sign a promissory note - all online.

What you need to know

  • Dental residents may refinance some or all of their student loans.
  • Pay only $100 per month† through training regardless of how much is refinanced.
  • Standard repayment term begins once borrower is practicing.
  • Interest does not capitalize until the borrower starts making standard payments.
  • Graduates become eligible as soon as they have matched to a residency program.
  • Loan is discharged in borrower death or documented permanent disability.
  • Up to 1 year of forebearance is available at Laurel Road’s discretion.
  • Free to apply, no origination fees, and no prepayment penalties.

Frequently Asked Questions

Who is eligible for this?

  • Only those with paid residency positions are eligible
  • Both federal and private student loans from undergrad and dental school are eligible
  • You can decide to refinance all or some of your student loans — it’s up to you
  • Must be a United States citizen or Permanent Resident with valid I-551 card and meet Laurel Road lending criteria

Are there any upfront fees?

  • There is no application fee; the online application is free
  • There is no origination fee
  • There are no prepayment penalties

How do you determine my rate?

  • Your rate will depend on your credit profile, total monthly debt payments, and income projections post-training
  • Residents who request a reduced payment period before entering full repayment will receive an interest rate based on their 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
  • Residents with signed contracts to practice may qualify for our standard rate offerings found here

What happens after I get my loan?

  • Residents pay $100/month through training regardless of how much is refinanced
  • Borrowers begin a standard repayment term once practicing with the option to extend $100 payments for an additional 6 months

About Laurel Road

Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products, personal loans and mortgages that helps simplify lending through technology and personalized service. In April 2019, Laurel Road became part of KeyBank, one of the nation’s largest bank-based financial services companies and Member FDIC.

For more information, visit our Student Loan Refinancing page.

About the American Dental Association

The American Dental Association (ADA) exclusively endorses Laurel Road’s student loan consolidation/refinancing program to provide unmatched opportunities for ADA members to refinance existing federal and private undergraduate and graduate school loans at a 0.25% lower rate than Laurel Road’s already low rates. The ADA represents more than 158,000 dentist members and is the nation’s largest dental association and the leading source of oral health related information for dentists and their patients.

For more information about the ADA, visit here.

Disclaimers

1 Savings vary based on rate and term of your existing and refinanced loan(s). Review your loan documentation for total cost of your refinanced loan.

† We 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.

* Terms and conditions apply.

Terms and Conditions

ELIGIBILITY & ELIGIBLE LOANS

Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Borrowers may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school.

All loans must be in grace or repayment status and cannot be in default.  Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment.  Parents looking to refinance loans taken out on behalf of a child should refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for more information.

LOAN AMOUNT

Up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.

FEE INFORMATION

There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less.  A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.