Troubleshooting Medical & Dental Residency Refinance Loans

What happens if I leave my residency early?

If you leave your program your loan will transition to full repayment and your monthly payment will increase

What if I continue into a fellowship?

If you continue training you may be able to continue reduced payments

This depends on program limits and verification of your updated status

Can I extend my reduced payment period?

Possibly. Extensions are not automatic, must stay within program limits and require documentation to verify

What if I switch specialties?

Switching specialties does not change your interest rate and does not reset your loan terms

What if I switch from residency to fellowship at the end of my term?

If your residency or fellowship is extended, you may contact us to request an extension of your $100 monthly payments.

Extensions are available as long as you have not exceeded the maximum allowed period of 84 months, plus a 6-month transition period after your program ends.

Note: For loans originated prior to Nov 9, 2022, the maximum repayment period is 54 months and cannot be extended.

Does this loan include a grace period?

No. Although payments are reduced your monthly payments are still required. This is not considered a grace period.

Are these loans eligible for federal forgiveness programs?

No. As a private refinance loan it is not eligible for federal programs like Public Service Loan Forgiveness (PSLF). Refinancing federal loans means losing federal protections including loan forgiveness.

Are loans forgiven in cases of death or disability?

Discharge policies vary by loan agreement. For details about your specific situation, please contact customer support.

Have more questions? Chat with us or call 855-456-7634 to speak with an agent.