Medical Student Loan Refinance

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

Know Your Rates Before You Apply

Four fixed rates to choose from – no guessing, no bait and switch, no wasted time on a pre-application to find your rate.
Panacea's transparent, fixed rates against the unknown rates of the competition
Competitors rates accurate as of 06/01/2021 and represent fixed APR's based on the lowest and highest advertise interest rate ranges.
Panacea's transparent, fixed rates against the unknown rates of the competition
Competitors rates accurate as of 06/01/2021 and represent fixed APR's based on the lowest and highest advertise interest rate ranges.

Refinancing is Better with Panacea

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

Refinance for Doctors

Specifically crafted for student loan debt incurred to become a physician. 

One Bank, No Handoff

Our loans are serviced entirely in house – simplify your life with one bank, built for doctors.

Know Your Rate Now

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

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

Medical Student Loan Refinance

Loan Term Options

Example scenarios

Medical School Loan Refinance Calculator

Quickly calculate your monthly medical school loan payment amount by entering your loan amount and selecting a refinance term and rate. Then compare that to your current loan payments and timeline to see how Panacea can help!

Visit studentaid.gov to find out benefits and repayment options available to federal student loan borrowers before refinancing.

Here’s to better financial solutions for MDs & DOs

Product Details & Requirements

Example Scenarios:
Medical School Loan Refinance

The following example is an attending physician 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. Patel recently completed her residency program and has a goal to pay off her student loans as quickly as possible by continuing to live on her resident salary and putting the extra income towards a new 5-year loan with a 2.75% fixed APR.

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 an attending physician 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 fellowship and wants to pay off his loans quickly while continuing to live on a fellow’s budget. He puts extra income towards a new 7-year loan with a 3.25% fixed APR.

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 an attending physician 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 an attending physician who wants to lower the interest rate on her student loans and pay less over the life of the loan. She decides to refinance a new 10-year loan with a 3.75% fixed APR.

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 an attending physician 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 completed her residency program a few years ago and desired to keep her monthly payments towards her student loans the same, while also lowering the total cost of the loan. She decided to refinancing her student debt into a lower interest rate with a new 15 year loan at a 4.25% fixed APR.

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.