Medical School Loans

You’ve worked hard to get to medical school1. Here’s one part we can make easier – paying for your education. With the Medical School Loan from College Ave, you can apply in just three minutes and get an instant decision. You’ll get flexible repayment options, no origination fees, and you can even defer full payments for up to 36 months after you leave school.

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INTEREST RATES

Variable Rates Icon

Variable Rates

4.31% - 8.69% APR

Fixed Rates Icon

Fixed Rates

4.67% - 9.75% APR

(all rates shown include auto-pay discount)2

How Much Does Medical School Cost? Average Medical Degree Tuition & Costs

Choosing to pursue a medical profession is a life-changing decision. It’s a commitment to improving the lives of others and contributing to the greater good. But it doesn’t come without sacrifice. If you’re interested in becoming a physician, surgeon, or any of the dozens of other medical professions, you’ve probably already considered how much medical school costs–and what that means for your future. Start your research early so you’re prepared for all of the associated costs of med school.

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Rates & Repayment

Make Your Payments Work for You

With College Ave, you can make your medical school loan payments fit your life. If you can start making payments during school or make bigger payments, you’ll save money on interest charges. But don’t worry if that’s not for you; we’ve got choices to help you find a monthly payment that doesn’t stress your budget.

We know one-size-fits-all doesn’t make anyone happy. Breathe easy with a loan tailored for you.

Repayment Options

Full Principal & Interest Payment

Start repaying your principal and interest right away to save the most.

Keypoints
  • Highest in-school payment
  • Lowest overall cost
Interest Only Payment

Pay the interest charges each month as you go during school.

Keypoints
  • Moderate in-school payment
  • Full payments start 36 months after school
Flat Payment

Make $25 payments each month3 during school to reduce your accrued interest.

Keypoints
  • Lowest in-school payment
  • Full payments start 36 months after school
Deferred Payment

No in-school payments required, but you'll pay more in interest over the life of your loan.

Keypoints
  • No in-school payment
  • Highest overall cost
  • Full payments start 36 months after school

Loan Terms Designed for Doctors4

You know your budget best, so we give you the power to choose how quickly you pay back your medical school loan.

Save more
Save More Overall

Save on total interest but make bigger monthly payments

  • 5 years
  • 8 years
  • 10 years
  • 15 years
  • 20 years
Pay Less
Pay Less Monthly

Make smaller monthly payments but pay more in interest overall

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Advanced Loans For Medical Degrees

You’re dedicated to taking care of others, and we’re dedicated to you. We start with great rates, let you decide how quickly you pay back your medical school loan, and back it all up with superior service. You’re confident about becoming a doctor – now you can pay for your medical degree with confidence too.

How our Medical School Loans Compare

Lenders

College Ave Student Loans
Discover
SallieMae
Well Fargo
Number of Repayment Options
4
4
3
3
Choice of loan terms (years you take to repay)
Yes
No
No
No
Apply in 3 Minutes
Yes
No
No
No
Grace Period
36 months
9 months
36 months
36 months
Deferment During Residency
Yes
Yes
Yes
Yes

Comparisons based on information obtained on lenders' websites as of April 19, 2019.

College Ave Student Loans

Number of Repayment Options

4

Choice of loan terms (years you take to repay)

Yes

Apply in 3 Minutes

Yes

Grace Period

36 months

Deferment During Residency

Yes
Discover

4

No
No

9 months

Yes
SallieMae

3

No
No

36 months

Yes
Well Fargo

3

No
No

36 months

Yes

Comparisons based on information obtained on lenders' websites as of April 19, 2019.

KS

Kristen S.

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College Ave customer service is great.

College Ave made the loan process easy. They communicated every step of the way and included weekly status updates. They have several loan options and were competitive on interest rates.

KM

Kim M.

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Outstanding!

It is very easy to apply, once you get approved they will send confirmation to the school and you can start your class. They have the best customer service.

ES

Emma S.

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Very Helpful and Good

When I was in need of money to pay for graduate school, College Ave came through with affordable options. Very good.

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Overwhelmed? Don't Be!
Just Follow These Easy Steps

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in-school payments
person browsing College Ave Student Loans application loan options
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Auto-pay set up

90 Days before school starts

Think about how much money you’ll need to borrow and who might cosign the loan with you.

60 Days before school starts

Start shopping around for the best loan by getting quotes, rates and terms from several lenders and know for sure who your cosigner will be.

30 Days before school starts

Apply for your student loan. Once approved we’ll work with your school directly to certify the loan.

10 Days before school starts

Make sure you’ve received confirmation that the money is scheduled to be sent to your school.

30 days after the money is sent to your school

Be on the lookout for your first loan statement. If you’re making payments right away, consider signing up for autopay.

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Are international students or cosigners eligible for your loans?

International students with a valid US social security number are eligible to apply for a student loan with College Ave Student Loans.

In order to be approved for a College Ave student loan, an international student will be required to apply with a qualified cosigner.

How much of my education costs will this loan cover?

Credit-worthy applicants can borrow up to 100% of the school-certified cost of attendance5, which typically includes things like tuition and fees, books and supplies, room and board, transportation and personal expenses. The minimum amount you can borrow is $1,000.5