Do I qualify to refinance my 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 for education refinance loan for medical residents.

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 youâ€™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.

Medical Residency Refinance Loan

Variable rates

Why choose variable rates?

If you prefer a typically low starting interest rate and fluctuating monthly payments over time, this option is for you.

Rate and Repayment Examples

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Fixed rates

Why choose fixed rates?

If you prefer interest rates and monthly payments that are the same over time, this option is best for you.

Rate and Repayment Examples

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Forbearance, Forgiveness and Refinancing

There are a lot of factors to consider when it comes to your federal student loans, and Citizens is here to help you make sense of it.

Federal Forbearance Hub

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Affordable $100 monthly payments

Enjoy a low, affordable fixed payment of just $100 per month throughout your medical residency or fellowship.^†

Save big with 0.50% rate discounts

Lower our competitive rates by 0.50%^† with our Loyalty and Automatic Payment Discount.

Combine federal and private loans

Simplify your payments. Save time and money by conveniently refinancing your federal and private medical school loans into one low monthly payment.^†

Refinancing med school loans could be your prescription for savings

Refinancing med school loans could relieve some stress for doctors and dentists during their training. It may help you save thousands of dollars a year with a low rate and reduced monthly payment.

Discover the Benefits

Visit the Citizens Student Loan Hub for resources to help simplify student loan debt.

The perfect time to refi student loans

Refinancing can take a huge burden off your back. Maximize your savings by getting the timing just right.

Breaking from high student loan payments

Get the scoop on the benefits of refinancing federal loans to help you lower monthly payments, interest rate, and pay off your debt sooner.

Reducing medical school loan payments

Simplify your monthly budget by consolidating your medical school loans into one simple payment.

Frequently Asked Questions

We got you, doc! Our Education Refinance Loan for medical residents and fellows fixes loan payments at just $100 per month, up to four years, during your program^† and has only three requirements:
1. You have over $10,000 in private or federal student loan debt.
2. 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.
3. You meet our credit criteria.

Have more questions? Get more answers in our full FAQs section.

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

* Important Information

Medical Residency Refinance Loan Repayment Example with $100 Monthly Payment: Based on a 48 month residency, a fixed rate 5 year loan for $10,000 at 5.00% APR results in 54 monthly payments of $100 (includes residency period and 6-month grace period), followed by 60 monthly payments of $123.61. $100 monthly payment begins immediately after loan disbursement for the duration of the residency or fellow program period up to 48 months, plus 6 month grace period.

Get My Rate: Selecting “Get My Rate” only requires a "soft credit pull" which does not affect your credit score. Submitting a full application will result in an inquiry on your credit report.

Refinance medical student loans