Medical School Loans

Apply for a Medical School Loan from College Ave with flexible repayment options, no originations fees, and the option to defer full payments for up to 36 months after you leave school.1

Variable Rates

3.49% - 12.98% APR

Fixed rates icon

Fixed Rates

4.24% - 12.98% APR

(all rates shown include auto-pay discounts)2

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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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diverse group of people
Rates & Repayment

Make Your Payments Work for You

With College Ave, you can make your medical school student 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 student loan payment that doesn’t stress your budget.

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

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 loans for medical school, 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.

Experiment With Loan Options

How our Medical School Loans Compare

Lenders

College ave student loans
Discover
Sallie Mae
Number of Repayment Options
4
4
3
Choice of loan terms (years you take to repay)
Yes
No
No
Apply in 3 Minutes
Yes
No
No
Grace Period
36 months
9 months
36 months
Deferment During Residency
Yes
Yes
Yes

Comparisons based on information obtained on lenders' websites as of November 1, 2022.

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
Sallie Mae

3

No
No

36 months

Yes

Comparisons based on information obtained on lenders' websites as of November 1, 2022.

MA

Margaret A.

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Prompt in Response Time

My Granddaughter needed a loan at the last minute and didn't know what to do. I did some research online and found College Ave. She was approved right away (along with my cosign, of course), and is now in the Nursing program at Emory U. Thanks.

PM

Patricia M.

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ABSN student at Samuel Merrit University

I have been more than pleased with the entire application process. The application process was not on easy, but fast. This financial opportunity allows me to concentrate on my studies and complete my career goal to become an RN. Thank you! I will tell everyone to seek out College Ave for their student loan financing needs.

D

Donghyun

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The experience was fast and easy

The loan application process wasn't confusing nor difficult. The loan also was sent in fast so I didn't need to worry about borrowing the loan fast.

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Need one less worry while you prepare to start your residency?

The College Ave Medical Residency & Relocation Loan can help with moving expenses and every day living costs for recent medical school graduates.

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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
car driving
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.

8 Things You Need to Know About College Award Letters

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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

  1. You must be enrolled in a Doctor of Medicine (MD), Osteopathic Medicine (DO), Veterinary Medicine (DVM, VMD), or Podiatric Medicine (PM) degree program at an eligible school to qualify for the College Ave Student Loans Medical School Loan.
  2. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
  3. This informational repayment example uses typical loan terms for a first year medical school student borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.09% fixed Annual Percentage Rate (“APR”): 84 monthly payments of $25 while in school, followed by 96 monthly payments of $167.28 while in the repayment period, for a total amount of payments of $18,158.81. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  4. This informational repayment example uses typical loan terms for a first year medical school student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 5.97% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $168.15 while in the repayment period, for a total amount of payments of $20,177.45. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  5. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Maximum $150,000.