Do I qualify for a Citizens Medical Residency Loan?

We got you, doc! Our Education Refinance Loan for medical residents and fellows fixes loan payments at just $100 per month† during your program and has only three requirements:You have over $10,000 in private or federal student loan debt. You have graduated from medical school and are matched to an MD, DO, DDS, DMD, DPM, VMD, PharmD or OD residency or fellowship program at the time of application. You meet our credit criteria.

What happens to the accrued interest on my loan during residency?

Any interest accrued over the fixed $100 monthly payments during your residency will capitalize at the end of your residency and grace period. If the $100 monthly payment exceeds the interest you’ve accrued for the month, we will apply the remainder to your principal.

When do full principal and interest payments begin?

Full payments of principal and interest begin six months after your residency completion date or 4.5 years after loan disbursement, whichever comes first.

Frequently Asked Questions: Medical Residency Refinance Loan

^† For additional information, please click the ^† symbols throughout this page to view our student lending disclosures.