Refinance Your Medical School Loans

Consider refinancing your loans to lower the interest rates and save thousands in the total amount paid back over time.

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SoFi’s mission is to help people reach financial independence to realize their ambitions which is especially helpful for residents, who only have to pay $100 a month without compounding interest during residency. When you apply with Sofi, your financial history, credit score, income vs. expenses, employment status and level of education are factored into your loan eligibility. 

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When you apply through the Physicians Thrive link, you qualify for a 0.25% rate discount on your loan.

Lend-Grow is loan marketplace that helps you find the lowest student loan refinance rates by matching you with a local lender who are typically hard to find.

With Lend-Grow’s Payback Rewards they deposit .10% APR of your loan amount into your account each month. So they actually pay you monthly when you make a payment to your refinanced loan.

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With Lend-Grow’s Payback Reward program, borrowers can earn between $750-$1,500.

Before refinancing your student loans, it’s wise to get rate quotes from several different lenders to ensure you get the best terms. While you can do that manually on your own, there’s a simpler way: you can go through a refinancing marketplace.

With Credible, you submit your information just once and get quotes from multiple lenders, without affecting your credit score. You can compare interest rates and loan terms from up to ten top lenders and choose the best one for your needs. Once you choose a loan, you can complete your application online.

The service is completely free to use. Instead of charging users fees, Credible makes money through referral commissions if you for a loan through its website.

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When you visit Credible through the Physicians Thrive link, you can earn a $300 bonus for loans under $100k and a $600 bonus if your loan exceeds over $100k  when you pick a lender through Credible.

Education Loan Finance (“ELFI”) makes financing your future simple by offering easy payment options, affordable rates, and flexible terms in an application process that is transparent and secure. Ready for something truly different? You’ll never go at it alone. When you apply, you’ll receive a Personal Loan Advisor, an expert ready to walk you through the application process and answer any questions along the way.

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Earn a $300 bonus exclusively for being referred by Physicians Thrive when you refinance your student loans with ELFI.

Brazos Higher Education offers some of the best rates to Texas residents. Brazos is a nonprofit with over 35 years of experience with student loans.  As a nonprofit, Brazos’ rates can be better than the national lenders. You can refinance up to $150,000 with a bachelor’s degree and up to $400,000 with a graduate, law, medical or other professional degree.  The minimum amount to refinance is $10,000. If you’re a Texan, visit studentloans.com now and start saving.

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Start your Brazos refinance application through this link and you will get a $600 cash bonus after your loan funds!

Disclaimer:
*$600 to be sent via check within 8 weeks of the final funding of your Brazos refinance loan.  BRAZOS RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME, INCLUDING CASH BONUS PROGRAMS WITHOUT NOTICE.  Offer good for new customers only. Brazos lending decisions are not impacted in any way by participation in this offer.  Offer is non-transferable.  No substitutions.  Limit one offer per loan. Limit one offer per individual.

Student Loan Refinancing Tips

Shop around for your best rates.

No one company is the best for everyone. Rates vary depending on your annual income, total debt, savings, and monthly housing payment. Most lenders let you check your rate online for free so finding the right lender for you should be a quick and easy first step.

Choose your loan terms.

Once you’ve chosen a lender, you can also compare the loan terms for a five-year, 10-year or longer repayment term. While a longer term will lower your monthly payments it could ultimately cost you more if more interest accrues over the life of the loan.

Submit an application and upload your documents.

To lock in your new interest rates you need to apply and upload documents to your new lender. The required documents typically include loan statements, proof of income and proof of citizenship. If you forget a document, don’t worry the lender will notify you.

Reminder: Keep paying your loans off while you wait for approval. It may take a few weeks for your
refinancing application to get approved, so continue to make your regular payments on your loans until
you’re officially approved.

Need Assistance?

On a case by case basis, we strive to help each physician we work with plan for their future wisely.

Advertiser Disclosure

Our goal is to help you make financial decisions with confidence. Physicians Thrive has partnerships with organizations including, but not limited to, Sofi, Credible, Lend-Grow, ELFI and Brazo Student Loans.

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish or the reviews that you see on this site.