Medical School

Student Loans

Focus on becoming a doctor – not managing multiple loans.

Apply once and access funding throughout medical school with our line of credit** – all while simplifying repayment after graduation and residency.

SCorg images professional medical

Multi-year Line of Credit

No need to reapply every year. One simple payment when you graduate.**

Apply Once

One application covers you for your entire degree.

No Hidden Fees

Zero application, origination, or prepayment fees.◊◊

On Demand

Access funds when you need to cover school-certified costs.

Available Lenders

Logo

Rates starting at 2.79% APR*

Logo

Rates starting at 3.74% APR*

  • Borrow up to $400,000^ for school-certified expenses

  • Deferment during school and through residency^^

  • 5, 7, 10, 15, 20, or 25 year repayment terms

Repayment Options

Deferred

Make no payments until residency is completed.

Deferred

Delay payments while you’re in medical school and residency.

Will incur the most interest over time.

Interest-only

Pay just the interest while in medical school and residency.

Interest-only

Make partial payments that cover just the interest on your loan.

Will incur less interest over time.

Immediate

Begin interest and principal payments immediately.

Immediate

Begin making full payments as soon as your loan is disbursed.

Will incur the least interest over time.

Fixed

Pay a fixed amount during school and residency.

Fixed

Make fixed payments as set by the lender during school and residency.

May pay down the loan and incur less interest over time.

Your Path to Funding

Step 1

Complete Online Application

Input your personal information & submit all documentation.

Step 2

School Certification

Your school reviews & approves the requested funding amount.

Step 3

Fund Disbursement

Funds are sent directly to the school for the requested academic term.

Step 4

Future Requests

Just access your account to request additional funds when needed.

Frequently Asked Questions

Eligibility

Eligible degree programs include: Medicine (MD) and Osteopathic Medicine (DO)

  • U.S. citizens or permanent residents
  • At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a co-applicant who is or other unique circumstance that would allow you to qualify.
  • Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria.
    Should you withdraw during any term or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment.

    • For fall and spring terms, you must be enrolled at least half-time.
    • For summer term, you may be enrolled less than half-time.
  • Attending an approved school or institution. You can view eligible schools in our application before applying. Eligible schools are subject to change without notice.
  • Able to meet the credit union’s standard underwriting criteria (a co-applicant may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
  • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)

The borrower and co-applicant (if applicable) must be a member of the credit union. To expedite funding, visit your credit union branch or website to open your membership account while we are processing your loan.

Repayment Types offered: 

  • Deferred: Make no payments until school and residency (if applicable) is completed. Will incur the most interest over time.
  • Interest-only: Pay just the interest while in school and residency (if applicable). Will incur less interest over time.
  • Immediate: Begin interest and principal payments immediately. Will incur the least interest over time.
  • Fixed: Pay a fixed amount as set by the lender during school and residency (if applicable). May pay down the loan and incur less interest over time.

Repayment Terms offered: 5, 7, 10, 15, 20, or 25 years

As a returning borrower with an existing line-of-credit, you do NOT need to complete an entirely new application to request additional funds. Simply request additional funds from your existing line-of-credit. Your school will certify the requested loan amount with the credit union.

* APR = Annual Percentage Rate. For Private Student Loans: Rates shown include a 0.25% rate discount available during full repayment of principal and interest by electing to make automatic electronic payments.** For Student Loan Refinance: Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.** Variable rates subject to increase after consummation. Rates vary by credit union and depend on credit union membership eligibility. Please use our search tool to find the lowest rate for which you may be eligible.

** Subject to annual review and credit qualification. Must meet school’s Satisfactory Academic Progress (SAP) requirements.

◊ The APR will not fall below the floor rate regardless of the index or any additional rate discount.

◊◊ Late payment and non-sufficient funds fees may still apply and vary by credit union.

^ Students can borrow from $1,000 to $400,000. Cosigner may only sign on multiple lines of credit up to $400,000.

^^ Repayment option chosen during the application continues through school and up to years of residency. Annual verification required.