Dental Student Loan Refinance

Finally, refinance designed for dentist — transparent rates, no maximums, no cosigner, and we won’t sell your loan.

Physician-in-Training Medical School Loan Refinance

$100 monthly payments while in Residency or Fellowship

Physician-in-Training Medical School Loan Refinance

$100 monthly payments while in Residency or Fellowship.

Refinance built for doctors by doctors

No loan maximums  –  No Cosigner  –  No Capitalized Interest 
Have $100 payments for up to 6 years¹

  • No loan maximums
  • No Cosigner
  • No Capitalized Interest
  • Have $100 payments for up to 6 years¹

Interested in Refinancing Your Student Loans While in Training?

HOW MUCH COULD YOU SAVE?

Current Loan

If Refinanced with Panacea

Estimated savings with Panacea

$28,709

HOW MUCH COULD YOU SAVE?

Current Loan

If Refinanced with Panacea

Estimated savings with Panacea

$28,709

Medical School Loan Refinance

Loan Term Options

Example scenarios

How it works

FAQs

U.S. Citizens or permanent residents who have graduated medical school, and have completed one year of post-graduate medical education.

Yes! We recognize many would like to lower their interest rates while in training which is why we offer $100 payments while in training.

We don’t require a cosigner for a medical school refinance loan because we know you are trustworthy and deserve to be treated like an adult. Traditional banks don’t understand that which is why they can ask for co-signers in order to offer their lowest rates.

When you refinance your medical school loans in training you get 3 years of $100/month payments that you can choose to refinance one additional time and get 3 more years of $100/month payments. Also note that your years in lowered payment count towards your total length of repayment term.

The competition takes interest that accrues during the “lower payment” month and then adds it back to your principal (ie capitalized interest) which causes you to pay interest now on a higher balance. We do NOT do that and that saves you money. At Panacea the balance you have left over at the end of your $100/month period is simply spread out (or amortized) over the rest of your repayment period.

We are a doctor-founded company that personally knows how different our financial lives can be. That is why we made products equally as different which includes our medical school refinance loan that has no maximums, no co-signer requirement, and no capitalized interest.

$100 monthly payments while in training!

Whatever you need, Panacea Financial helps you get loans fast.
Here’s to better financial solutions for Doctors in training.

Refinancing is Better with Panacea

See how Panacea dental school loan refinancing compares to the competition.

Know Your Rate Now

Forget “finding your rate” – with Panacea you know exactly what your rate is before you apply.

No Maximums and No Cosigner

You deserve our best offer simply because of who you are without any need for a cosigner or loan maximum.

Refinance for Dentists

Specifically crafted for student loan debt incurred to become a dental professional.

The Panacea Difference

Transparent Rates
No
Maximum
In-House Servicing
24/7 Concierge Desk
Primary Care Banker

The "Other Guys"

(SoFi, Laurel Road, Commonbond)
Must Apply
For Rates
Hidden Maximum
Outsourced Servicing
Limited Bankers Hours
No Personal Service

The
Panacea
Difference

Transparent
Rates
No
Maximum
In-House
Servicing
24/7
Concierge Desk
Primary Care
Banker

Their
Traditional
Approach

Must Apply
for Rates
Hidden
Maximum
Outsourced
Servicing
Limited
Bankers Hours
No Personal
Service

$100 monthly payments while in training!

Whatever you need, Panacea Financial helps you get loans fast. Here’s to better financial solutions for Dentist in training.

If you are looking to refinance federally held student loans please be aware of recent legislative changes that have suspended payments and waived interest on such loans until the end of January 2021 due to COVID-19. Please carefully consider these changes before refinancing federally held loans with Panacea Financial as in doing so you will no longer qualify for these changes or other future benefits applicable to federally held loans.

1. Time of reduced payments at $100 selected at time of loan orgination, up to three years. Borrowers can refinance for a further three years, maintaining $100 payments for a total of six years.

Doctor In Training Loan Refinance payment schedule examples:

7 year Reduced Payment Options:

7 year (84 months) fixed rate, $300,000 at 3.75% (3.73 % APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $4814.84 per month;

7 year (84 months) fixed rate, $300,000 at 3.75% (3.69 % APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $5856.51 per month;

7 year (84 months) fixed rate, $300,000 at 3.75% (3.63 % APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $7412.04 per month;

10 year Reduced Payment Options:

10 year (120 months) fixed rate, $300,000 at 4.25% (4.23 % APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $3475.52 per month;

10 year (120 months) fixed rate, $300,000 at 4.25% (4.18 % APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $3972.00 per month;

10 year (120 months) fixed rate, $300,000 at 4.25% (4.12 % APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $4604.38 per month;

15 year Reduced Payment Options:

15 year (180 months) fixed rate, $300,000 at 4.50% (4.48 % APR): Months 1 -12 @ $100.00 per month, Months 13-84 @ $2507.52 per month;

15 year (180 months) fixed rate, $300,000 at 4.50% (4.43 % APR): Months 1 -24 @ $100.00 per month, Months 25-84 @ $2746.46 per month;

15 year (180 months) fixed rate, $300,000 at 4.50% (4.37 % APR): Months 1 -36 @ $100.00 per month, Months 37-84 @ $3020.25 per month;

All associated discounts applied to Panacea and competitor rates and terms. All Panacea APRs assume a 0.50% discount to auto-pay from a Panacea Checking account. We offer a 0.25% discount to auto-pay from a non-Panacea checking account. 

2. See the Medical School Refinance Application Disclosure for product information, rates, fees and other important product information.

3. Adverse Credit Event: accounts with a total outstanding balance greater than $2,085 that are 90 or more days delinquent as of the date of the credit report, or that have been placed in collection or charged off during the two years preceding the date of the credit report; default determination during the five years preceding the date of the credit report; bankruptcy discharge during the five years preceding the date of the credit report; repossession during the five years preceding the date of the credit report; foreclosure during the five years preceding the date of the credit report; charge-off/write-off of a federal student aid debt during the five years preceding the date of the credit report; wage garnishment during the five years preceding the date of the credit report; tax lien during the five years preceding the date of the credit report; consumer credit counseling within five years preceding the date of the credit report.

Product Details & Requirements

Example Scenarios:
Medical School Loan Refinance

The following example is a Internal Medicine Resident with federal student loans in the standard repayment plan and assumes $300,000 principal amount, a 7.20% interest rate, and a 20-yr amortization.

Dr. Jones recently completed his Internal Medicine intern year and wants to opt out of the federal system, lower the interest rate on her student loans and pay less over the life of the loan. She refinances to a 7-year loan with a 3.75% fixed APR and $100 monthly payments for one year.

Note: The physician in this example was not part of an Income Driven Repayment or a forgiveness plan and understood the potential benefits of staying in the federal system but were interested in taking out a private loan to refinance their federal debt.

Example Scenarios:
Medical School Loan Refinance

The following example is a GI Fellow with federal student loans in the standard repayment plan and assumes $300,000 principal amount, a 7.20% interest rate, and a 20-yr amortization.

Dr. Lewis is a GI fellow who wants to lower the interest rate on his  student loans and pay less over the life of the loan. He decides to refinance a new 10-year loan with a 4.25% fixed APR with $100/month payments for 2 years.

Note: The physician in this example was not part of an Income Driven Repayment or a forgiveness plan and understood the potential benefits of staying in the federal system but were interested in taking out a private loan to refinance their federal debt. 

Example Scenarios:
Medical School Loan Refinance

The following example is a General Surgery Resident with federal student loans in the standard repayment plan and assumes $300,000 principal amount, a 7.20% interest rate, and a 20-yr amortization.

Dr. Williams is a General Surgery Resident that wanted to opt out of the federal system, lower her interest rate, and have affordable monthly payments. She decided to refinance her student debt into a lower interest rate with a new 15 year loan at a 4.50% fixed APR with $100/month payments for 3 years.

Note: The physician in this example was not part of an Income Driven Repayment or a forgiveness plan and understood the potential benefits of staying in the federal system but were interested in taking out a private loan to refinance their federal debt.