{"id":38177,"date":"2019-12-11T09:00:48","date_gmt":"2019-12-11T17:00:48","guid":{"rendered":"https:\/\/www.credible.com\/blog\/?p=38177"},"modified":"2024-01-11T15:31:15","modified_gmt":"2024-01-11T23:31:15","slug":"tips-for-paying-off-medical-school-loans-2","status":"publish","type":"post","link":"https:\/\/www.credible.com\/blog\/refinance-student-loans\/refinance-medical-school-loans\/","title":{"rendered":"9 Best Companies to Refinance Medical School Loans"},"content":{"rendered":"

Heading into the healthcare field can be rewarding and lucrative. However, it can also be expensive to get there \u2014 students who attend a healthcare program leave with an average medical school debt<\/a> of $232,300.<\/p>\n

While this might seem like a massive amount of debt, there are fortunately a few options that can help you manage it. For example, refinancing medical school loans might help you save money and potentially pay off your loans faster.<\/p>\n

Here are Credible\u2019s partner lenders that refinance medical school loans:<\/b><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Lender<\/strong><\/th>Fixed rates from (APR)<\/strong><\/th>Variable rates from (APR)<\/strong><\/th>Loan terms (years)<\/strong><\/th>Loan amounts<\/strong><\/th>\n<\/tr>\n<\/thead>\n

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\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 3.99%+<\/sup>\n <\/span>\n<\/td> \n 3.65%+<\/sup>\n <\/span>\n<\/td>5, 7, 10, 15, 20<\/td>$10,000 up to $250,000
\n(depending on degree)<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 3.99%+<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 3.65%+<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 720<\/li>\n
  • Loan amount:<\/span>\n $10,000 to $400,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 7, 10, 15, 20<\/li>\n
  • Repayment options:<\/span>\n Military deferment, forbearance<\/li>\n
  • Fees:<\/span>\n Late fee<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n Must have a credit score of at least 720, a minimum income of $60,000, and must be a resident of Texas<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Soft credit check:<\/span>\n 720<\/li>\n
  • Cosigner release:<\/span>\n No<\/li>\n
  • Loan servicer:<\/span>\n Firstmark Services<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n $100,000 - $149,000<\/li>\n
  • Max. Graduate Loan Balance:<\/span>\n $200,000 - $400,000<\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n Does not disclose<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

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\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"An\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 5.65%+1<\/sup>\n <\/span>\n <\/td> \n 5.69%+1<\/sup>\n <\/span>\n<\/td>5, 7, 10, 15, 20<\/td>$10,000 to $500,000
\n(depending on degree and loan type)<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 5.65%+1<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 5.69%+1<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n Does not disclose<\/li>\n
  • Loan amount:<\/span>\n $10,000 to $750,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 7, 10, 15, 20<\/li>\n
  • Repayment options:<\/span>\n Immediate repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n Late fee<\/li>\n
  • Discounts:<\/span>\n Autopay, loyalty<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident and have at least $10,000 in student loans<\/li>\n
  • Customer service:<\/span>\n Email, phone, chat<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 24 to 36 months<\/li>\n
  • Loan servicer:<\/span>\n Firstmark Services<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n $100,000 to $149,000<\/li>\n
  • Max. Graduate Loan Balance:<\/span>\n Less than $150,000<\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 6.99%+2<\/sup>\n <\/span>\n<\/td> \n 6.99%+2<\/sup>\n <\/span>\n<\/td>5, 7, 10, 12, 15, 20<\/td>$5,000 to $300,000
\n(depending on degree type)<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 6.99%+2<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 6.99%+2<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n Does not disclose<\/li>\n
  • Loan amount:<\/span>\n $5,000 to $300,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 7, 10, 12, 15<\/li>\n
  • Repayment options:<\/span>\n Military deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n Late fee<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n All states except for ME<\/li>\n
  • Customer service:<\/span>\n Email, phone, chat<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 24 to 36 months<\/li>\n
  • Loan servicer:<\/span>\n College Ave Servicing LLC<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n $100,000 to $149,000<\/li>\n
  • Max. Graduate Loan Balance:<\/span>\n Less than $300,000<\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"An\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 4.15%+5<\/sup>\n <\/span>\n<\/td> \n 5.22%+5<\/sup>\n <\/span>\n<\/td>5, 10, 15, 20<\/td>$1,000 to $250,000<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 4.15%+5<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 5.22%+5<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 700<\/li>\n
  • Loan amount:<\/span>\n $7,500 to $200,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 10, 15, 20<\/li>\n
  • Repayment options:<\/span>\n Immediate repayment, academic deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n None<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident and submit two personal references<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 24 months<\/li>\n
  • Loan servicer:<\/span>\n Firstmark Services<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n $150,000 to $249,000<\/li>\n
  • Max. Graduate Loan Balance:<\/span>\n $150,000 to $199,000<\/li>\n
  • Offers Parent PLUS Refinancing :<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 4.29%+3<\/sup>\n <\/span>\n<\/td> \n 4.74%+3<\/sup>\n <\/span>\n<\/td>5, 7, 10, 12, 15, 20<\/td>$10,000 to $250,000<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 4.29%+3<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 4.74%+3<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 680<\/li>\n
  • Loan amount:<\/span>\n $10,000 to $250,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 7, 10, 15, 20<\/li>\n
  • Repayment options:<\/span>\n Forbearance<\/li>\n
  • Fees:<\/span>\n None<\/li>\n
  • Discounts:<\/span>\n None<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident, have at least $15,000 in student loan debt, and have a bachelor\u2019s degree or higher from an approved school<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n No<\/li>\n
  • Loan servicer:<\/span>\n Mohela<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n $250,000<\/li>\n
  • Max. Graduate Loan Balance:<\/span>\n $250,000<\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"An\n \"An\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 5.31%+4<\/sup>\n <\/span>\n<\/td> \n 6.83%+4<\/sup>\n <\/span>\n<\/td>5, 10, 15, 20<\/td>$5,000 to $250,000<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 5.31%+4<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 6.83%+4<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 670<\/li>\n
  • Loan amount:<\/span>\n $5,000 to $250,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 10, 15, 20<\/li>\n
  • Repayment options:<\/span>\n Academic deferment, military deferment, forbearance<\/li>\n
  • Fees:<\/span>\n Late fee, returned payment fee<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n Must be U.S. citizen or permanent resident<\/li>\n
  • Customer service:<\/span>\n Email, phone, chat<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n Yes<\/li>\n
  • Max undergraduate loan balance:<\/span>\n $250,000<\/li>\n
  • Max graduate loan balance:<\/span>\n $250,000<\/li>\n
  • Offers Parent PLUS refinancing:<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 4.39%+<\/sup>\n <\/span>\n<\/td> \n 4.17%+<\/sup>\n <\/span>\n<\/td>5, 7, 10, 15<\/td>Up to $300,000<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 4.39%+<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 4.17%+<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 700<\/li>\n
  • Loan amount:<\/span>\n $5,000 to $300,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 7, 10, 15<\/li>\n
  • Max. undergraduate Loan Balance:<\/span>\n $125,000<\/li>\n
  • Time to Fund:<\/span>\n 10 to 30 days<\/li>\n
  • Repayment options:<\/span>\n Immediate repayment, forbearance <\/li>\n
  • Fees:<\/span>\n Late fee<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident and have already graduated with at least an associate degree from an eligible institution<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 12 months<\/li>\n
  • Loan servicer:<\/span>\n LendKey Technologies Inc.<\/li>\n
  • Max. graduate Loan Balance:<\/span>\n $175,000<\/li>\n
  • Credible Review:<\/span>\n LendKey Student Loans review<\/a><\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n No<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"An\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 6.2%+<\/sup>\n <\/span>\n<\/td>N\/A<\/td>7, 10, 15<\/td>$10,000 up to the total amount of qualified education debt<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 6.2%+<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n N\/A<\/li>\n
  • Min. credit score:<\/span>\n 670<\/li>\n
  • Loan amount:<\/span>\n $10,000 up to the total amount<\/li>\n
  • Loan terms (years):<\/span>\n 7, 10, 15<\/li>\n
  • Repayment options:<\/span>\n Military deferment, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n None<\/li>\n
  • Discounts:<\/span>\n None<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident and have at least $10,000 in student loans<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n No<\/li>\n
  • Loan servicer:<\/span>\n AES<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n No maximum<\/li>\n
  • Max. Gradaute Loan Balance:<\/span>\n No maximum<\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"An\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 3.99%+<\/sup>\n <\/span>\n<\/td>N\/A<\/td>5, 10, 15<\/td>$7,500 up to $250,000
\n(depending on highest degree earned)<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 3.99%+<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n N\/A<\/li>\n
  • Min. credit score:<\/span>\n 680<\/li>\n
  • Loan amount:<\/span>\n $7,500 to $250,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 10, 15<\/li>\n
  • Repayment options:<\/span>\n Academic deferment, military deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n None<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n Available in all 50 states; must also have at least $7,500 in student loans and a minimum income of $40,000<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Soft credit check:<\/span>\n Does not disclose<\/li>\n
  • Cosigner release:<\/span>\n No<\/li>\n
  • Loan servicer:<\/span>\n Rhode Island Student Loan Authority<\/li>\n
  • Max. Undergraduate Loan Balance:<\/span>\n $150,000 - $249,000<\/li>\n
  • Max. Graduate Loan Balance:<\/span>\n $200,000 - $249,000<\/li>\n
  • Offers Parent PLUS Refinancing:<\/span>\n Yes<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n
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All APRs reflect autopay and loyalty discounts where available | 1<\/sup>Citizens Disclosures <\/a> | 2<\/sup>College Ave Disclosures <\/a> | 5<\/sup>EDvestinU Disclosures <\/a> | 3<\/sup> ELFI Disclosures<\/a> | 4<\/sup>INvestEd Disclosures<\/a> | 7<\/sup>ISL Education Lending Disclosures\u00a0<\/a> | 8<\/sup>Nelnet Bank Disclosures<\/a><\/small><\/p><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Learn more about Credible\u2019s partner lenders<\/h2>\n