After all of your years of hard work in medical school,
unfortunately, upon graduation you are rewarded with the harsh reality that all of the medical
student loan debt you have accrued now has to be paid off. This is not an isolated incident by any
means. Medical school loan debt is a growing problem. The Association of American Medical Colleges
recently reported that over the past two decades, the cost of private medical school has increased by
165% and the cost of public medical school rose by 312%. It is no wonder that many medical students
have had to take out numerous private medical student loans to compensate for the rising cost of
schooling. The good news is that there is a solution to dealing with the debt from medical school.
Let Medical School Loans help you save thousands of dollars off of your loans by consolidating your
private medical student loans.
Consolidation will not only save you money, but also time and energy. Consolidating
your outstanding private student loans with Medical School Loans will allow you to have just one loan
with just one low monthly payment, regardless of whether or not your loans are with multiple lenders.
This saves you the hassle of making multiple payments every month.
Raising the Bar in Medical Student Loan Consolidation
Medical School Loans is a leader in medical school finance and is dedicated to helping borrowers like
you realize all of your educational goals by helping you meet your loan and consolidation needs. We
know that as a doctor or medical school student, your student loan debt is obviously much larger than
that of the average student, so we work hard to process your consolidation quickly and accurately to
start saving you money ASAP! The specialized services that Medical School Loans provides are only
available to doctors and medical students. By concentrating our efforts on only those in this
prestigious field, we are able to offer a higher standard of loan and consolidation services.
The Advantages of Consolidating with Medical School Loans
Medical School Loans offers competitive low interest rates and fees as well as flexible repayment
options on private medical student loan consolidations. We also offer appealing borrower benefits,
such as an immediate 0.25% interest rate reduction when you enroll in our automated debit payment
program. Consolidating your private medical student loans with Medical School Loans is advantageous
in that we offer low, variable, interest rates with no pre-payment penalties; a thirty-year maximum
repayment term, regardless of the balance on your loan; and fast, dependable customer service from
our extremely knowledgeable loan specialists. By consolidating with Medical School Loans, you could
literally be saving yourself from paying thousands of unnecessary dollars over the life of your loan,
all the while taking away the needless worry of making multiple payments to multiple private student
loan lenders.
Another advantage to consolidating your private student loans with Medical School Loans is that by
managing your student loan debt with consolidation, you are actually improving your credit rating and
financial status. This will make you more appealing to lenders when you want to take out or
consolidate other loans of any kind in the future.
Eligibility for Private Medical Loan Consolidation
At Medical School Loans, we are able to consolidate your private medical student loans that were used
to cover educational expenses such as the costs associated with tuition and fees, room and board,
books, etc. We can even consolidate private student loan costs associated with residency
expenses.
In order to consolidate your private medical student loans with Medical School Loans, you must be a
U.S. citizen or be an eligible non-U.S. citizen, which entails having a Student Visa, an F-1 Form or
an I-20 Form. You must also be at least 18 years of age at the time of initiating the application,
have a minimum of $10,000 in U.S. issued private student loan debt, be in the repayment period of
private student loan debt at time the application is completed and finally, be credit worthy.
Time is Money, so Our Application Process is Fast and Easy!
At Medical School Loans, we know that as a doctor or medical student, your time is very valuable.
That is why we make our application process to consolidate your private student loan debt quick and
simple. To start the process today, simply call (800) 680-7197. With just a short phone call, our
dedicated agents will be able to determine your eligibility for a private loan consolidation with us.
Within minutes, we can do a quick credit check and then our agents will be able to tell you your
interest rate, your consolidation loan limit, the amount of your origination fee, and other
information on our money-saving borrower benefits.
When you begin making payments on your private medical loan consolidation, you will have the
opportunity to receive our Medical School Loans borrower benefit of an immediate 0.25% reduction off
of your already low interest rate. This is available when you choose to make your monthly payments
with our automated debit program.
Save Even More with a Cosigner
Medical School Loans allows borrowers to use a cosigner on their private medical student loan
consolidation. This will allow you, the borrower, to reduce your interest rate by up to .75% on your
private consolidation. However, you must qualify for the private medical school loan consolidation
based on your own credit worthiness, prior to the cosigner being permitted.
