The Best Medical School Student Loans In 2020

The Best Medical School Student Loans In 2019

Want to save money on your medical school student loans?

As you already know, medical school is a considerable investment – both in time and money. So, when it comes to your medical school student loans, you will need to understand your options beyond federal government loans. The average medical school student graduates medical school with over $180,000 in student loans. The good news is that there are several private student loan lenders who can offer competitive rates on your medical school student loans.

If you are applying to medical school or already have been admitted, congratulations! If not, it is never too early to start planning for your medical school student loans.

These lenders represent our top medical school student loan picks for 2020, and may be able to help you save thousands of dollars on your medical school student loans by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.
Learn your new student loan interest rate in a matter of minutes.

Compare The Best Private Student Loans For 2020

Lender
APR
Loan Type
2.69% – 11.98%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:2.69% – 10.97%
Fixed Rates:4.39% – 11.98%
Minimum Loan Amount:$1,000
Loan Terms:5, 8, 10, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:No

Details

  • Student loans available to graduate, bachelors and associates degrees
  • Deferment and forbearance options may be available
  • Grace period for undergraduates: 6 months
  • Grace period for graduate students: 9 months
  • Flexible student loan repayment options

2.40% – 12.49
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:2.40% – 11.37%
Fixed Rates:3.82% – 12.49%
Minimum Loan Amount:$1,000
Loan Terms:5, 7, 8, 12, 15, 20 years
Origination Fees:None
Prepayment Fees:None
Co-signer Option:Yes

Details

  • Compare student loan rates without affecting your credit score
  • Flexible repayment plans
  • Get a lower rate with a co-signer

3.12% – 11.24%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:3.12% – 10.19%
Fixed Rates:4.86% – 11.24%
Minimum Loan Amount:$5,000
Loan Terms:10
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Low rates from community lenders like credit unions and community banks
  • Get lower rates with a co-signer
  • Ability to pause payments for up to 18 months if you become unemployed
  • May consider your academic credentials to help you get a lower rate
  • If you repay 10% of your loan before your loan enters full repayment period, 1.0% APR is dropped from your current interest rate

3.74% – 8.91%
Graduate, Law, Medical, MBA, Dentistry, Nursing

Overview

KeyValue
Variable Rates:3.74% – 7.89%
Fixed Rates:4.50% – 8.91%
Minimum Loan Amount:$5,000
Loan Terms:5, 7, 10, 15, 20 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Student loans available to graduate, undergraduate and associates degrees
  • Law school, business school, medical school, dentistry school available at select schools.
  • Flexible student loan repayment options
  • Forbearance up to 1 year available

5.20% – 15.00%
Non-cosigned Graduate, Undergraduate

Overview

KeyValue
Variable Rates:5.20% – 14.18%
Fixed Rates:5.88% – 15.00%
Minimum Loan Amount:$2,000
Loan Terms:10, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Borrowers can qualify without a cosigner
  • A borrower’s major, graduation date and future earnings potential are considered
  • Borrowers who choose a fixed-rate option only can select a 10 year term
  • No minimum credit score or minimum income is required
  • Must have Satisfactory Academic Performance of 2.5 GPA, have Junior status or higher, and must be enrolled full-time
  • 1% Cash Back Reward to students on their loan principle amount upon graduation

5.20% – 15.00%
Cosigned Graduate, Undergraduate

Overview

KeyValue
Variable Rates:5.20% – 14.18%
Fixed Rates:5.88% – 15.00%
Minimum Loan Amount:$1,000
Loan Terms:5, 10, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Ability to start repaying loan while in school
  • Co-signer release after 24 consecutive payments
  • Financial hardship forbearance option
  • Non-U.S. citizens are eligible if they have a creditworthy co-signer who is a U.S. citizen or permanent resident
  • 1% Cash Back Reward to students on their loan principle amount upon graduation

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