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AMA MEMBER BENEFITS

Get where you want to go, faster.

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Medical school and the transition to residency can be daunting – and expensive! Laurel Road can help you get to where you need to go with financial solutions for medical students.

Apply directly from this page for access to these offers. Enter code AMA2018 if prompted.

Why Laurel Road for Doctors?

Doctors Have Bright Futures. We Think That's Worth Investing In.

Easy Online Solutions


Digital banking designed to help you save time and money.

Smart, Secure Technology


The trusted technology of a leading national bank.

Award-winning Experience


Our customers love us—we've funded over $9 Billion in loans.

Public Service Loan Forgiveness

Student Loan Consultation

Weigh your student loan options with an expert guide.

If you have a federal student loan, you can schedule a free 30-minute consultation with one of our student loan specialists1 to get the facts and develop your personalized plan.

Laurel Road helps borrowers qualify for an average of over $110k in federal student loan forgiveness.2 And as an AMA Member, you can get a 20% discount on an annual forgiveness counseling membership.3

Don’t have federal student loans? Explore your student loan refinancing options below.

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Our student loan consultation will help you:

Apply for IDR

Understand your Income-Driven Repayment (IDR) and forgiveness options.

Navigate PSLF

See if you qualify and help you stay on track for Public Service Loan Forgiveness (PSLF).4

Explore Refinancing

Compare simple refinancing options that could help you save on student loans.

Stay the Course

If you're already in the right repayment program, GradFin helps you stay on track.

Mortgage Lending
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Mortgage Lending

AMA Members get a 0.25% rate discount5

A Laurel Road Mortgage can help you get the savings and dedicated support you deserve. Explore your mortgage options with a dedicated Mortgage Loan Officer today.

To get started, speak to a KeyBank mortgage specialist at 1-877-801-4686

Personal Lending
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Residency Interview Loan

AMA members get a 0.25% rate discount on personal loans.6

It costs a lot to find the perfect match. At Laurel Road, you may be able to borrow up to $15,0007 with low rates. Ease the financial burden of interviewing for residency positions, with a personal loan to cover the costs associated with interviewing.

Check My Rates

Why get a Personal Loan from Laurel Road?

Low fixed rates available across various terms

We don't charge any application or origination fees or prepayment penalties

Additional 0.25% discount when automatic monthly payments are made from a bank account8

Questions come up, and we have answers.

Frequently Asked Questions

  • STUDENT LOAN

    How are your loans different from federal government loans?

    While in some instances Laurel Road may provide more competitive rates and flexible terms and repayment options, it does not offer Income-Based Repayment and Loan Forgiveness options that may be available through federal student loans. Be sure to explore all options available to you including grants, scholarships, and federal loans. For more information about federal student loan options visit StudentAid.gov

  • STUDENT LOAN

    Is Laurel Road still offering Graduate School Loans?

    Based on current Federal rates and offerings, Laurel Road will not be offering Graduate Loans for the upcoming 2022-2023 academic year. For information on alternative financing options, please contact your school’s financial aid office for resources and information regarding scholarships, grants, and federal student aid. Most schools will likely have a list of private lender options for students in need of a private loan option.

  • STUDENT LOAN

    Does Laurel Road refinance student loans for medical or dental residents?

    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.

View All FAQs

Disclaimers

Notice: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.

  1. GradFin and Laurel Road are brands of KeyBank N.A.

  2. Members who met the requirement for federal student loan forgiveness through an Income-Driven Repayment (IDR) plan or Public Service Loan Forgiveness (PSLF) qualified for an average of $117,437.48 in student loan forgiveness as of 04/15/2024.

  3. Member Name members get a 20.00% discount off the published annual membership rate for Public Service Loan Forgiveness (“PSLF”) or Income Driven Repayment (“IDR”) programs. The discount will apply to both Standard and Freedom Plus membership options and will automatically apply when the annual membership is charged. This discount is only available to current Member Name members, is non-transferable and cannot be applied to previous membership purchase(s). This discount cannot be redeemed for cash or combined with other offers; pricing and discount accurate as of June 27, 2024 and are subject to change or cancellation at any time and without notice

  4. To qualify for Public Service Loan Forgiveness (PSLF), you must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service); work full-time for that agency or organization; have Direct Loans (or consolidate other federal student loans into a Direct Loan); repay your loans under an income-driven repayment plan; and make 120 qualifying payments. For full program requirements, visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service.

  5. A 0.25% mortgage interest rate reduction (the “Rate Discount”) is available to borrowers that are an active Member Name member no less than five (5) days prior to closing. The Rate Discount cannot be combined with any other interest rate incentives or reductions, applies only to new Loan applications, may not be available for all products, and becomes effective at closing (if applicable). For fixed-rate mortgages, the Rate Discount will be reflected in the interest rate on the Promissory Note. For adjustable-rate mortgages (“ARMs”), the Rate Discount will apply to the initial fixed interest rate period and will be reflected in the maximum amount the interest rate can increase of the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note or Agreement. Other restrictions may apply. Ask us for details.

  6. The 0.25% Member Name member interest rate discount (“Member Discount”) is offered to personal loan applicants who are active Member Name Members. An additional 0.25% interest rate discount is also available to Member Name members who make personal loan payments through reoccurring electronic fund transfers (EFT) ( “AutoPay Discount”). The Member Discount and AutoPay Discount are only available at loan origination and at no other time, and will go into effect on the date the loan funds are disbursed. The Member Discount cannot be combined with any other offer, except the AutoPay Discount. Theses offers are subject to change without notice. This offer is not guaranteed if you do not meet Laurel Road’s personal loan or AutoPay Discount criteria. Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road.

  7. Minimum loan amount of $5,000.00 and maximum amount of $15,000.00 for loan purposes of residency interviews. Please visit laurelroad.com/personal-loan/ for information regarding other personal loan purpose options.

  8. AutoPay/EFT Discount: if the borrower chooses to setup monthly payments automatically by electronic fund transfer (EFT) from a bank account before closing, the interest rate will decrease by 0.25%. The discount will be reflected in your monthly payment.

†Fixed Rate Resident Interview Loan Repayment Examples:
Term (years) Interest Rate APR Monthly Payment
6 (4 years reduced payment period and 2 years full repayment) 10.000% 9.079% 48 months of $25
24 months of $590.66
7 (4 years reduced payment period and 3 years full repayment) 10.500% 9.557% 48 months of $25
36 months of $422.53
7 (5 years reduced payment period and 2 years full repayment) 10.000% 8.843% 60 months of $25
24 months of $622.96
All repayment examples assume a loan amount of $10,000 and that Borrowers make $25 monthly payments from disbursement for 48 months or 60 months ("Residency Period"). These payments may not be enough to cover all of the interest that accrues on the loan. Once the Residency Period ends, any unpaid accrued interest will be added to the loan principal and monthly payments of principal and interest will begin.

The APRs and interest rates do not include any discounts. A borrower's actual rate and payment amount may vary, and is determined by the product, term, loan amount, and your credit qualifications.

Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.

Interest Rate: A simple annual rate that is applied to an unpaid balance.

Note: The interest rate is higher than the APR because the APR considers the effects of the period of Reduced Payment.

KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of January 11, 2022. Information and rates are subject to change without notice.
Terms and Conditions

Graduate Loan – Eligibility & Additional Details

Eligibility

Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 form (“permanent green card”) at application. Permanent resident alien applicants will need to provide copies of the front and back of their permanent green card for approval. Conditional green cards will not be accepted. Borrower, and Co-signer if applicable must also state that they are of at least borrowing age in the state of residence at the time of application; enrolled in good standing on at least a half-time basis (as defined by the eligible institution) in an eligible program at an eligible institution, and meet Lender underwriting criteria.

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.

Personal Loan – Resident Interview Loan Terms and Conditions

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.

Eligibility

A borrower must be a U.S. Citizen or Permanent Resident with a valid permanent I-551 card (a conditional I-551 card will not be accepted), enrolled in good standing in a Doctor of Medicine (MD) or Doctor of Osteopathy (DO) program at an accredited U.S. medical school with an anticipated graduation date falling within twelve months from date of application. Borrower must also meet Laurel Road underwriting criteria including, for example, credit score and credit history requirements.

Repayment Term

Full Loan Repayment: 4th Year Medical Students are eligible for fully amortizing repayment terms of 2 and 3 years. Full Loan Repayment will commence immediately following Reduced Payment Period.
Total Term Maximum: Total loan term (including reduced payment period, and full loan repayment period) shall not exceed 84 months.